This presentation explains project management component of Principles of Management course

1. Project Management
K N Tayade
Assistant Professor
Department of Information Technology
Government College of Engineering,
Amravati
Principles of Management- Unit-VI

2. Concept of a Project
Project may be defined as the set of activities undertaken from
its start to completion.
The Project Management Institute(USA) defined a project as,
“A project is a one-shot, time-limited, goal directed, major
undertaking, requiring the commitment of varied skills and
resources.”
It also describes a project as, “a combination of human and
non-human resources pooled together in a temporary
organization to achieve a specific purpose.”

3. Concept of a Project
The objective and set of activities distinguish one project from another.
The organization always looks forward to good business ideas in terms of
:
a. Modernization of the plant.
b. Enhancement of the existing capacity.
c. Changing the existing product.
d. Planning obligatory and welfare projects.
However, such ideas must be technically feasible, economically viable,
politically suitable and socially acceptable.
A project is said to be completed once the stated objectives are achieved.
The time span between start and completion of a project is known as
Project Life Cycle.

4. Life Cycle of a Project
Five phases in the Life Cycle of a Project
1. Conceptual Phase
2. Definition Phase
3. Planning and Organizing Phase
4. Implementation Phase
5. Project clean-up or operational phase

5. Project Implementation
Once the project has been selected, objectives defined, a
project manager appointed, the focus shifts to its
implementation.
Various stages of implementation phase of the project as
follows:
1. Authorization
2. Project Brief (Or Manual)
3. Project Organization Planning
4. Project Technological Planning
5. Construction of Infrastructure
6. Project Integration
7. Project Handover - Operations

6. Conceptual Design Model of a Project
Management System

7. Project Control
The aim of monitoring is to ensure adherence to targets.
When, as a result of monitoring, a work package is carried out as
per pre-determined standard, then the work package is said to be
under control.
Control, however, is not the action itself. It is the presence of a
force which ensures adherence to a pre-determined target or
standard through convert actions.
Monitoring being action-oriented, it supplements and leads to
control and control in turn leads to achievement of objectives.

8. Scope of Project Control
1. Scope / Progress Control
2. Performance Control
3. Schedule Control
4. Cost Control

9. Management Information System
The MIS is an integrated man-machine system that provides
information to support the planning and control
functions of managers in an organization.
MIS can also be defined as the combination of human and
computer-based resources that results in the collection,
storage, retrieval, communication and use of data for
efficient management of operations and for business
planning.

10. Management Information System
Information needs tend to be different at different levels of
management.
Amount of time required for any function varies considerably with
each group.

11. Thank You