Project Management BBA 5th Sem

Project Management
BBA Sem-5
Introduction
The ability to deliver projects on schedule, on budget, and aligned with business
goals is key to gaining an edge in today’s highly competitive global business
environment. This is where project managers come in. Project managers have an
incredibly complex assignment, one that blends organizational skills, an analytical
mind, and adept interpersonal abilities.
What is a ‘project’?
• The Project Management Body of Knowledge defines a “project” as “a temporary
endeavor undertaken to create a unique product, service or result.”
• There are a few key things to notice in this definition:-
The word “temporary” means projects must have a defined beginning and end. This
means every project must include a timeline, scope and resources. The fact that it is
temporary with a beginning and an end also means that it is not part of ongoing
operations. This brings us to the second point...
The purpose of a project must be “to create a unique product, service, or result.” This
means a project will be started in order to accomplish a specific goal that is typically
outside the realm of the typical day-to-day business operation; meaning to say the
project team might include people who don’t usually work together, and require
resources that are typically outside the scope of day-to-day operations.
Features of a Project
• Start and finish
• Life cycle
• Budget
• Unique
• Resources
• Single point of responsibility
• Fast tracking
• Team roles
Examples of projects:
• Career development (education and training courses)
• Designing and constructing a building, a house or a yacht.
• Designing and testing a new prototype ( a car or a washing machine )
• Improving productivity within a target period.

What is Project Management?
• The Project Management Body of Knowledge defines a “project management”
as “ the application of knowledge, skills, tools and techniques to project
activities in order to meet stakeholder’s needs and expectations from a project.”
• Project managers must do whatever is required to make the project happen.

PMBOK Nine knowledge areas
• Integration
• Scope
• Communication
• Time
• Cost
• Procurement
• Quality
• HRM
• Risk
Management by projects
• It is a set of activities including planning, decision making, organizing and leadership i.e.
managing people and controlling, used with the intension of achieving the objectives of
various projects in an effective and efficient manner.
• The management-by-projects approach has been used in engineering, construction,

aerospace and defense for many years, and now we see other organizations buying into the
process; pharmaceutical, medical, telecommunications, software development, systems
development, energy, manufacturing, educational and service organizations.
• The management-by-projects approach encourages: organization flexibility, decentralized

management responsibility, an holistic view of problems, goal-orientated problem solution
processes.
• The importance and acceptance of the trend towards management-by-projects was endorsed
by the International Project Management Association (IPMA) Project Management Conference
in Vienna (1990) which adopted management-by-projects as its theme.
Intersecting Management Skills
There is usually a certain amount of overlap between project management,
general management and technical management which can be simply presented
as intersecting circles.
PROJECT
MANAGEM
ENT SKILLS
GENERAL TECHNICAL
MANAGEM MANAGEM
ENT SKILLS ENT SKILLS
Project Management Associations
• Body of knowledge
• PMP
• APM bok
• GPMF
Benefits of Project Management
• Client • Report Interfaces
• Single Point of Responsibility • Response time
• Estimating • Trends
• CPM • Data capture
• Fast track • Procedures
• Schedule Bar-chart • Project office
• Project Integration • Closeout report

Role of Project Manager
• leadership ability • ability to negotiate and persuade
• ability to anticipate problems • understand the environment within

which the project is being managed
• ability to integrate the project
stakeholders • ability to review monitor and control
• operational flexibility • ability to manage within an

environment of constant change
• ability to get things done
• ability to keep the client happy
THANKYOU!

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Project Management

• There are a few key things to notice in this definition:-

• Single point of responsibility

• Designing and constructing a building, a house or a yacht.

• Designing and testing a new prototype ( a car or a washing machine )

• Improving productivity within a target period.

• Project managers must do whatever is required to make the project happen.

• The management-by-projects approach has been used in engineering, construction,

• The management-by-projects approach encourages: organization flexibility, decentralized

• Single Point of Responsibility • Response time

• CPM • Data capture

• Fast track • Procedures

• Schedule Bar-chart • Project office

• Project Integration • Closeout report

• ability to anticipate problems • understand the environment within

• operational flexibility • ability to manage within an

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