Introduction to Project

development
Farjana Sakila
Lecturer
TEM Department
Bangladesh University of Textiles
Project...
• A collection of linked activities, carried out in an organised
manner,with a clearly defined START POINT and END
POINT to achieve some specific results desired to satisfy
the needs of the organisation at the current time.
What is Project Development?

Project : A group of milestones or phases,

activities or tasks that support an effort to
accomplish something

Project Development: is the process of

Planning, Organizing, Controlling, Measuring &
building up the parts of a project.
Features of a Project

• A unique, one-time operational activity or effort

• Requires the completion of a large number of interrelated
activities
• Established to achieve specific objective
• Resources, such as time and/or money, are limited
• Typically has its own management structure
• Need leadership
• working across organizational boundaries
The nature of projects
• There are many types of project which we will identify later in this
session
• Whatever the nature of the project there are three core issues which
need to be addressed:
• Quality
• Cost
• Time
• In addition, projects invariably take place in a context which includes
organizational politics, individuals’ personal objectives and external,
commercial or stakeholder pressures.
 Why Project
Money: Projects usually create a product or a service that
generate money
Company politics: Sometimes projects are undertaken
because they are "pet" projects
Satisfying client's needs: The company has to create a
project that will generate the required product or service
Expansion: The company undertakes a project in order to
expand its operations
Research and development: The company undertakes a
project to advance its industry
Competition: The company undertakes a project to compete
with a product/service of another company.
Project Management
• A dynamic process that utilises the appropriate resources
of the organisation in a controlled and structured manner,
to achieve some clearly defined objectives identified as
needs.
• It is always conducted within a defined set of constraints
 What does Project Management Entail?
• Planning: is the most critical and gets the
least amount of our time
Beginning with the End in mind-Stephen Covey
• Organizing: Orderly fashion
(Contingent/Prerequisites)
• Controlling: is critical if we are to use our
limited resources wisely
• Measuring: To determine if we accomplished
the goal or met the target?
Why is Project Management Important?
• Enables us to map out a course of action or work plan
• Helps us to think systematically and thoroughly
• Unique Task
• Specific Objective
• Variety of Resources
• Time bound
Advantages
• In built Monitoring/ Sequencing
• Easy and Early identification of Bottlenecks
• Activity based costing
• Identification and Addition of missing and new activities
• Preempting unnecessary activity/expenditure
• Timely Completion
• Assigning tasks
• Reporting
5 Basic Phases of Project Management

The process of directing and controlling a project from start to finish may be
further divided into 5 basic phases:
1. Project conception and initiation
An idea for a project will be carefully examined to determine whether or not it
benefits the organization. During this phase, a decision making team will
identify if the project can realistically be completed.

2. Project definition and planning

A project plan, project charter and/or project scope may be put in writing,
outlining the work to be performed. During this phase, a team should prioritize
the project, calculate a budget and schedule, and determine what resources are
needed.

3. Project launch or execution

Resources' tasks are distributed and teams are informed of responsibilities.
This is a good time to bring up important project related information.
 5 Basic Phases of Project Management
4. Project performance and control
Project managers will compare project status and progress to the
actual plan, as resources perform the scheduled work. During this
phase, project managers may need to adjust schedules or do
what is necessary to keep the project on track.

5. Project close
After project tasks are completed and the client has approved the
outcome, an evaluation is necessary to highlight project success
and/or learn from project history.
Projects and project management processes vary from industry to
industry; however, these are more traditional elements of a
project. The overarching goal is typically to offer a product,
change a process or to solve a problem in order to benefit the
organization.
 Project management knowledge draws on ten
areas:

• Integration
• Scope
• Time
• Cost
• Quality
• Procurement
• Human resources
• Communications
• Risk management
• Stakeholder management