Lecture 01 Project

By

Dr. Ali Sajid

Project Proposal Writing, Resources Identification. Project Contract Management, Project Risk Management. Project Financing. Project Procurement System & Tender Management. Leadership of Project Teams. Motivation in Project Management. Project Manager Structure and Manager’s Characteristics. Project Success. Management of Change. HRM in Project Management. Improving Quality in Project Management. Project Termination & Audit. Ethics in Project Management.

Technological Change

Faster and better communication.

Faster & better transportation.

More information networks connecting people globally.

International Economic Integration

Fewer & Reduced tariffs( WTO ).

Currencies linked via floating exchange rates.

More global capital flows.

Maturation of Market in Developed Countries.

Slower domestic growth.

More aggressive exporters.

More deregulation.

Fall of Communist & Socialist regimes

More countries linked to the capitalist system.

More privatization.

The Globalization of markets & Competition

MORE HAZARDS•More competition •Increased speed

MORE Opportunities •Bigger markets •Fewer barriers Contd

Re-engineering Re-structuring Quality programs

Mergers & acquisitions Strategic change Cultural change

Outputs

Products, services, &

Satisfaction

other (pollution)

Inputs

Raw materials, human resources,

capital (land, building,

equipment), technology

information, Time

Human Creativity & Skill

Feedback

Product/ Service

Design & Facilities

(management Know how & Technology Transforms

Input)

Control Processes

Four Keys to gain Competitiveness in any project: Cost Quality Speed Value

A set of activities directed at an organization’s resources with the aim of achieving goals in an Efficient & Effective Manner.

Process of getting Project activities completed efficiently with & through other people.

Management is a process of designing & maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims towards any project.

Getting the mostOut of limited

resources

Working with & through others

BalancingEffectiveness& efficiency

Achieving organizational

objectives

Frederick Taylor: Father of Scientific Management. Mechanical Engineer – Invented high speed steel cutting tools. How to improve Quality of management. “Major Concern” To increase efficiency in Production, to Lower Cost. Raise profits through higher productivity, possible increase in

pay.

Increase labor productivity not possible without: Providing ample reward Adequate Training Managerial help

Fredrick Taylor Concluded:

“Low productivity in any project is a matter of ignorance on part of labor & management”.

“Graphic methods of describing Project plans for better managerial control.”

Planning

Organizing

Leading

Controlling

Planning is nothing but the way managers think through their ways and activities in advance.

Managers try to find those actions based on some logic. Any plan gives organization its objective and set the best

procedures for reaching them. Planning involves selecting Mission, Objectives and actions to

achieve them. It also involves decision making.

Involves establishing intentional structure of roles for people to fill in organization.

Leading is influencing people- so that they will contribute to organization & group goals; Predominantly, to do with interpersonal aspect of managing.

Planning: is the process of setting objectives in any project & then determining what should be done to accomplish them.

Organizing is the process of assigning tasks, allocating

resources, & arranging coordinated activities to implement

plans.

Leading is the process of arousing enthusiasm and directing HR

efforts toward project/organizational goals.

Controlling is the process of measuring performance and taking

corrective actions to ensure desired results in any project.