ASSIGNMENT

OF

“PROJECT MANAGEMENT”

TOPIC: “A Presentation of Concepts of Project Management and

characteristics”

SUBMITTED TO: SUBMITTED BY:

Miss. Manpreet kaur SAHIL SINGLA
(11353010)
MBA (IB)
SEM 4TH
What is a Project ?
A project is a series of tasks that need to be completed in order to reach a
specific outcome. A project can also
be defined as a set of inputs and outputs required to achieve a particular
goal.

Project management is the practice of initiating, planning, executing,

controlling, and closing the work of a team to achieve specific goals and
meet specific success criteria at the specified time.

Why do people learn PM?

• To explore the latest concepts and techniques of project management.
• To increase value/contribution to the organization. To prove yourself
skillful in managing projects.
• To learn a new thought process that helps organized thinking and
structured approach.
• To acquire a professional degree/ recognition and increase job prospects.
• Endless possibilities and benefits.

Why do companies use PM?

• To handle projects effectively in an organization.
• To define the project and agree with the customer
• To plan and assess resource needs for the project
• To estimate project cost and make proposals
• To plan & schedule activities in a project.
• To allocate the right resource at the right time.
• To assess risk and failure points and make backup plans.
• To lead a project team effectively and communicate Well among team

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

Characteristics of Project:
The project should have a specified target.
 The project should be unique and cannot be replicated with the same
task and resources giving the same results.
The construction project should not be a routine work, although
there are some aspects that are routine.
The construction project shall consists of a number of associated
activities contributing to the project as a whole.
The time limit for completion of project shall be defined.
The total cost of construction project shall be defined and project
shall be completed within the given budget.
The project should provide unique opportunities to acquire new
skills
Uniqueness. Project requires the doing of something different,
something that was not done previously. Even in what are often
called “routine” projects such as home construction, the variables
such as terrain, access, zoning laws, labour market, public services
and local utilities make each project different. A project is a one-
time, once-off activity, never to be repeated exactly the same way
again.

UNIQUENESS
DMRCL HYDERABAD METRO
RAIL

1.NO. OF STATIONS-173
2.LENGTH-231 KM
3.DURATION- 4 YRS
4. COST- RS.22373 CR

1.NO. OF STATIONS-88
2. LENGTH-194 KM
3. DURATION-3 YRS
4. COST-18800 CR.

Implementation:
Regular Monitoring
Resource Support
Critical issues discussed and solution
Meeting with the team on completion of each major milestone
Track the progress against the plan
System to add/delete tasks in the PMT
Consequences of not using PMT
 DELAY
 COST
 WASTE OF RESOURCES
 QUALITY
 DISSATISFACTION
 BAD REPUTATION