PROJECT MANAGEMENT STUDY NOTES
Definition
Project
Project is any wok that has a well defined objective or goal to the sequence of the multi activities
those are interrelated required to be performed.
Project Management:
It is a discipline of organizing and managing resources in such a way that the project is completed
within defined scope, quality, time and cost constraints.
Project Characteristics:
Focus
Lifespan
Unique
Unity of diversity: complex things people and environment.
No. of sources but one end
Flexibility
Team Spirit
Project Management Objectives:
Specific
Measurable
Achievable
Realistic
Time terminated
The 7-S of Project Management:
1. Strategy: The high-level of requirements and means to achieve them
2. Structure : The organizational arrangement
3. System : Methods for work to be designed, monitored and controlled.
4. Staff
5. Skills
6. Style
7. Stakeholders
Process:
Major difference in Process and a Project is the uncertainty and involvement of far too number of
variables that can impact each activity and relative lack of control over variety of event that have
finite probability of occurrence. Set of interrelated or interacting activities which transforms
inputs into outputs.
If a process is established & stable, one would get designed & predictable output for a known
measured input. A process has five elements: Supplier, Input, Process that converts measured
input into desired output, Output, Customer.
A Few Examples of Projects: Construction of a new Highway or a Port, Development of a
customer specific Software, Setting up a new factory, Development of a Product, Launching of a
Product.
[Type text] Page 1
,Roles and Attributes of Project Manager:
Planning and organizational skills
Conflict resolving capacity
Ambition for achievement
Personnel management skills
Communications skills
Change orientation
Ability to solve their problem
High energy levels
Ability to take suggestions
Ability to develop alternative course of actions quickly
Preparation of feasibility study/report:
PREPARED BY MR. ANTONY AMBIA 2
, Project Identification:
Generation of ideas
Stimulating the flow of ideas:
SWOT Analysis
Clear Articulation of Objectives:
- Cost reduction
- Productivity improvement
- Increase in capacity utilization
- Expansion into promising fields
- Fostering the conducive climate
Monitoring the Environment:
1.Economic Sector: State of the Economy, Overall rate of growth, Growth rate of primary,
secondary and tertiary sectors, Trade surplus /deficits, Balance of payment situation.
2.Governmental Sector: Industrial Policy, Govt. Programmes and projects, Tax framework,
Subsidies, incentives and concessions, Financing norms.
3.Technological Sector: Emergence of new Technology, Access to technical know-how, foreign as
well as indigenous, Receptiveness on the part of the industry.
4.Socio-demographic Sector: Population Trends, Age shift in population, Income distribution,
Attitude towards consumption and investment, Employment of women.
5.Competition Sector: No. of firms in the industry& market share of the top few, Degree of
homogeneity & differentiation among products, Entry barriers, Comparison with substitutes in
terms of quality, price, appeal and functional performance.
6.Supplier Sector: Availability and cost of raw materials and sub-assemblies, Availability and cost
of energy.
Corporate Appraisal: It includes, Marketing and Distribution, Production and Operations,
Research and Development, Corporate Resources and Personnel, Finance and Accounting (Cost of
capital, Tax situation, Relations with shareholders and creditors, Accounting and control system,
Cash flow and liquidity).
PREPARED BY MR. ANTONY AMBIA 3
Definition
Project
Project is any wok that has a well defined objective or goal to the sequence of the multi activities
those are interrelated required to be performed.
Project Management:
It is a discipline of organizing and managing resources in such a way that the project is completed
within defined scope, quality, time and cost constraints.
Project Characteristics:
Focus
Lifespan
Unique
Unity of diversity: complex things people and environment.
No. of sources but one end
Flexibility
Team Spirit
Project Management Objectives:
Specific
Measurable
Achievable
Realistic
Time terminated
The 7-S of Project Management:
1. Strategy: The high-level of requirements and means to achieve them
2. Structure : The organizational arrangement
3. System : Methods for work to be designed, monitored and controlled.
4. Staff
5. Skills
6. Style
7. Stakeholders
Process:
Major difference in Process and a Project is the uncertainty and involvement of far too number of
variables that can impact each activity and relative lack of control over variety of event that have
finite probability of occurrence. Set of interrelated or interacting activities which transforms
inputs into outputs.
If a process is established & stable, one would get designed & predictable output for a known
measured input. A process has five elements: Supplier, Input, Process that converts measured
input into desired output, Output, Customer.
A Few Examples of Projects: Construction of a new Highway or a Port, Development of a
customer specific Software, Setting up a new factory, Development of a Product, Launching of a
Product.
[Type text] Page 1
,Roles and Attributes of Project Manager:
Planning and organizational skills
Conflict resolving capacity
Ambition for achievement
Personnel management skills
Communications skills
Change orientation
Ability to solve their problem
High energy levels
Ability to take suggestions
Ability to develop alternative course of actions quickly
Preparation of feasibility study/report:
PREPARED BY MR. ANTONY AMBIA 2
, Project Identification:
Generation of ideas
Stimulating the flow of ideas:
SWOT Analysis
Clear Articulation of Objectives:
- Cost reduction
- Productivity improvement
- Increase in capacity utilization
- Expansion into promising fields
- Fostering the conducive climate
Monitoring the Environment:
1.Economic Sector: State of the Economy, Overall rate of growth, Growth rate of primary,
secondary and tertiary sectors, Trade surplus /deficits, Balance of payment situation.
2.Governmental Sector: Industrial Policy, Govt. Programmes and projects, Tax framework,
Subsidies, incentives and concessions, Financing norms.
3.Technological Sector: Emergence of new Technology, Access to technical know-how, foreign as
well as indigenous, Receptiveness on the part of the industry.
4.Socio-demographic Sector: Population Trends, Age shift in population, Income distribution,
Attitude towards consumption and investment, Employment of women.
5.Competition Sector: No. of firms in the industry& market share of the top few, Degree of
homogeneity & differentiation among products, Entry barriers, Comparison with substitutes in
terms of quality, price, appeal and functional performance.
6.Supplier Sector: Availability and cost of raw materials and sub-assemblies, Availability and cost
of energy.
Corporate Appraisal: It includes, Marketing and Distribution, Production and Operations,
Research and Development, Corporate Resources and Personnel, Finance and Accounting (Cost of
capital, Tax situation, Relations with shareholders and creditors, Accounting and control system,
Cash flow and liquidity).
PREPARED BY MR. ANTONY AMBIA 3
