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    Project Management: Presented by Vikas Singh

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    Gagan Upadhyay
    This document provides an overview of project management. It defines a project as a set of finite activities performed once to achieve well-defined objectives. Project management involves planning, scheduling, and controlling a project to ensure it is completed on time and on budget. Key aspects of project management include identifying phases in the project lifecycle, using techniques like the work breakdown structure, Gantt charts, and the critical path method to plan and schedule tasks, and monitoring actual performance against the plan to make corrections if needed. Effective project management requires both quantitative and behavioral skills to deal with challenges like contingency planning and resource allocation.

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    Project Management: Presented by Vikas Singh

    Uploaded by

    Gagan Upadhyay
    44 views20 pages
    This document provides an overview of project management. It defines a project as a set of finite activities performed once to achieve well-defined objectives. Project management involves planning, scheduling, and controlling a project to ensure it is completed on time and on budget. Key aspects of project management include identifying phases in the project lifecycle, using techniques like the work breakdown structure, Gantt charts, and the critical path method to plan and schedule tasks, and monitoring actual performance against the plan to make corrections if needed. Effective project management requires both quantitative and behavioral skills to deal with challenges like contingency planning and resource allocation.

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    This document provides an overview of project management. It defines a project as a set of finite activities performed once to achieve well-defined objectives. Project management involves planning, scheduling, and controlling a project to ensure it is completed on time and on budget. Key aspects of project management include identifying phases in the project lifecycle, using techniques like the work breakdown structure, Gantt charts, and the critical path method to plan and schedule tasks, and monitoring actual performance against the plan to make corrections if needed. Effective project management requires both quantitative and behavioral skills to deal with challenges like contingency planning and resource allocation.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    44 views20 pages

    Project Management: Presented by Vikas Singh

    Uploaded by

    Gagan Upadhyay
    This document provides an overview of project management. It defines a project as a set of finite activities performed once to achieve well-defined objectives. Project management involves planning, scheduling, and controlling a project to ensure it is completed on time and on budget. Key aspects of project management include identifying phases in the project lifecycle, using techniques like the work breakdown structure, Gantt charts, and the critical path method to plan and schedule tasks, and monitoring actual performance against the plan to make corrections if needed. Effective project management requires both quantitative and behavioral skills to deal with challenges like contingency planning and resource allocation.

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    Project Management

    Presented By
    Vikas Singh
    What is a Project ?

    Perhaps the oldest form of organized activity


     
     Definition : A set of finite activities that is
    usually performed only once and has well
    defined objectives 
    Project Management
     Project Management : involves planning and
    controlling a project : its goal is to ensure that the
    project objectives are achieved on time and on
    budget  
     Objectives and trade offs : Cost , Schedule, and
    Performance : Managing projects often requires
    one to take decisions which involves trade off
    between these 3 parameters

    Project failure Characteristics

     Cost Overrun
     Time overrun
     Fails to meet its performance objectives
    Project Life cycle Phases & Processes

    A project can typically be divided in to several phases All these phase are collectively

    referred to as PLC. A project life cycle serves to define the start and end of a a project.

    Every phase could typically involve the following processes

    1. Initiation

    2. Planning

    3. Execution

    4. Control

    5. Closure
     
    Activities and Decisions in Project
    Management :
     Planning
     Scheduling
     Control
    Planning

     Identify the project customers


     Establish the end product or service
     Set project objectives
     Estimate total resources and time required
     Decide on the form of organization
    Planning …

     Make key personnel appointments


     Define major tasks
     Establish a budget
    Scheduling

     Develop a detailed Work Break down


    Structure (WBS)
     Estimate time required for each task
     Sequence the tasks in the correct order
    Scheduling…

     Develop a start /stop time for each task


     Develop a detailed budget for each task
     Assign people to tasks
    Control

     Monitor actual time cost and performance


     Compare planned to actual figures
     Determine whether corrective action is
    needed
     Evaluate alternative corrective action
     Take appropriate corrective action
    A work breakdown structure defines the hierarchy
    of project tasks, subtasks, and work package

    Level
    Program

    1 Project 1 Project 2

    2 Task 1.1 Task 1.2

    3 Subtask 1.1.1 Subtask 1.1.2

    4 Work Package 1.1.1.1 Work Package 1.1.1.2


    Scheduling Methods - Gantt Chart

    Gantt Chart: Utilizes a bar or or milestone chart –


    shows not only how much time is required for
    each activity but also when each activity takes
    place.
    Advantages : Easy to use and understand
    Disadvantages : Do not show interdependencies
    and relationship between activities , difficult to
    schedule and reschedule for complex projects
    Network Planning Techniques

     Network methods use a graph or a network


    to show precedence relations .
      Events , (nodes ) The start or end of an
    activity
     Activity : consume a finite amount of time
     Dummy activities : Consume 0 (zero) time
     
    Network Planning Techniques…
     Critical Path : represents The set of activities which
    would decide the minimum time required for
    completing the project.
     Slack ( Free /total ) : the amount of time that the
    activity time con be increased without delaying the
    very start of the next activity
     Notations : Conventions used in drawing the
    network - Arrow on Node (AON ) , Arrow on
    Activity(AOA)
    Critical Path Method (CPM)

     Constant time network : The time for each


    activity is assumed to be constant –
    Deterministic time estimates
     Computations : Earliest Start Time ( EST),
    Earliest Finish Time ( EST), Latest Start Time
    (LST), Latest Finish Time ( EFT). , Critical
    Path , slack
    Program Evaluation and Review Technique (PERT)

     ·  Based on Probabilistic time estimates :


    Optimistic Time Estimate, Pessimistic Time
    Estimate, Most likely Time Estimate, Most
    probable Time Estimate,
     Computations : Expected time of completion ,
    Variance on the expected time of completion
    CPM Time- Cost trade off

     Assumes that Cost and Time are inversely


    related and hence project completion time
    can be reduced by incurring higher costs .
     Terms : Crash Cost , Crash Time , Normal
    Time , Normal Cost
     Computations : Least cost way to reduce the
    normal project completion time
    Issues and Challenges in PM

    PM require a blend of both quantitative and


    behavioral skills Leadership
     · Contingency planning
     · Allocation of scarce Resources -
    Techniques of load leveling
     Management of Multiple Projects
    Thank you

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