PMS Workbook4
PMS Workbook4
PMS Workbook4
WORKBOOK4
Register Number:………………………
Unit4(CO4) :……………………………
Submission Date:………………………..
VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
CO4: Project Planning, Project Scheduling and Project Monitoring
And Implementation
Topic: Project Planning Function, Structure, Project Scheduling, Project monitoring
and Project Evaluation
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VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
Project scheduling
Project Monitoring:
1. Progress Tracking:
- Regularly track and compare actual progress against the project schedule and
milestones.
- Identify and address any deviations from the plan promptly.
2. Performance Metrics:
- Define and measure key performance indicators (KPIs) to assess project performance.
- Use metrics to evaluate the efficiency and effectiveness of project activities.
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VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
3. Resource Management:
- Monitor the allocation and utilization of resources (human, financial, equipment) to
ensure optimal use.
- Identify and address resource constraints or overloads.
4. Quality Assurance:
- Implement processes to monitor and control the quality of project deliverables.
- Conduct regular inspections and reviews to ensure adherence to quality standards.
5. Risk Management:
- Continuously assess and update the risk register.
- Implement risk response plans and monitor the effectiveness of risk mitigation
strategies.
6. Communication:
- Maintain open and effective communication channels among project team members
and stakeholders.
- Address communication issues promptly to prevent misunderstandings.
7. Issue Management:
- Identify and track issues that may impact project progress.
- Develop and implement strategies to resolve issues in a timely manner.
8. Documentation:
- Keep project documentation up-to-date.
- Document changes to the project plan, scope, or any other relevant aspects.
9. Stakeholder Engagement:
- Regularly communicate with stakeholders to provide updates on project progress.
- Address any concerns or feedback from stakeholders.
Project Implementation:
1. Task Execution:
- Execute the tasks and activities outlined in the project plan.
- Ensure that team members are aware of their roles and responsibilities.
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VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
2. Coordination:
- Coordinate the efforts of the project team to ensure seamless execution.
- Facilitate collaboration and communication among team members.
3. Problem Solving:
- Address challenges and obstacles that arise during implementation.
- Encourage a proactive approach to problem-solving within the project team.
4. Adaptability:
- Be prepared to adjust the project plan if unforeseen circumstances or requirements
change.
- Ensure that changes are communicated and approved appropriately.
5. Quality Control:
- Implement processes to verify that project deliverables meet the specified quality
standards.
- Conduct regular reviews to identify and rectify any issues with deliverable quality.
6. Timeline Management:
- Monitor the project schedule and ensure that tasks are completed within the defined
timeframes.
- Implement strategies to address delays and keep the project on track.
7. Budget Management:
- Monitor project expenses and ensure adherence to the budget.
- Identify and address any budgetary issues promptly.
9. Closure Planning:
- Begin planning for the project closure phase, including finalizing deliverables and
conducting post-project reviews.
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VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
Effective project monitoring and implementation contribute to the successful completion
of the project, ensuring that it meets its objectives within the defined constraints of time,
budget, and quality. Regularly reassessing the project plan and adapting to changes are
essential components of both the monitoring and implementation phases.
Workbook
1) Define project evaluation.(A/s-22)
Project evaluation is a step-by-step process of collecting recording and organizing
information about project results, including short-term and longer-term project
outcomes
• Progress made.
• Effective and efficient use of resources
• Desired output achieved
• Improvements are to be made for better outcomes.
• Success factors
• Whether the results justify the input etc.
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VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
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VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
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VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
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VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
10) Distinguish optimistic time, most likely time and pessimistic time. (M/A-
22)(N/D-22 makeup exam)(a/s-22)
a) Optimistic time(to ): The optimistic time is the time required to complete the
activity if no hurdles or complications arise.
b) Most likely time (tm ): The most likely time is the time in which the activity
is most likely to be completed. This estimate takes into consideration
normal circumstances. Making allowances for some unforeseen delays.
c) Pessimistic time (tp): The pessimistic time is the time required if unusual
complication or unforeseen difficulties arise.
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VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
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VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
13) Explain Gantt chart used for project planning (N/D-22-Makeup Exam)
→ Gantt chart is the oldest formal planning tool designed by Henry Gantt in 1993.
→ Under this, the activities of project are broken down into a series of well-defined
jobs of short duration whose cost and time can be estimated
→ It is a pictorial device in which the activities jobs are represented by horizontal
bars in the time axis.
→ The length of the bar indicates the estimated time for the job.
→ The left hand end of the bar shows the beginning time, the right hand the ending
time.
→ The man power required for the activity is shown by a number on the bar.
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VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
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VIDYA VIKAS POLYTECHNIC®-MYSORE
PROJECT MANAGEMENT SKILL (20PM01T)
NOTES&WORKBOOK
Name of Semester:2nd/4th lateral Entry
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