Project Management: A Managerial Approach by Jack R. Meredith & Samuel J.

Introduction to
Project Management
{ Chapter # 1
What is a Project
Characteristics of a Project
Importance of Project Management
Project Life Cycles
Types of Projects

Instructor: Javeria Hashmi / BZU-IBF-Multan (MBA )

Trends in PM

o Achieving Strategic Goals

o Achieving Routine Goals

o Improving Project Effectiveness

o Virtual projects

o Quasi Projects
Characteristic / Attributes
of a Project
1. Importance
2. Life Cycle with a finite due date
3. Interdependencies
4. Uniqueness
5. Limited resources
6. Conflict
7. Nonprojects and Quasi-Projects
Project Life Cycle
PLC Cont.