Project management

Prepared by:

Jaypal Chavda

Nikit Rajani

Jay Raval

Dept. of Business Admin., Bhavnagar University, Bhavnagar.

Guided by:

Madhuri Ma’am

SUBMITTED TO:

Project Management ProcessElement Of Project Management

Classification Of Project

Project Management Process

Project management• Project Project is a group of unique,

interrelated activities that are planned and executed in a certain sequence create a unique product and services, within in a specific time frame.

• According to PMI, A guide to the project

management body of knowledge , a project is define as, “a temporary endeavor undertaken to create a unique product or services.”

Project management A Project management is the

discipline of planning, organizing and managing resources to bring abut the completion of specific project goals and objectives.

Definition of Project management

According to PMI,

“Project management is the application of knowledge, skills, techniques to project activities in order to meet or exceed stakeholder needs and expectations.”

Project management process

Process of Project management

1. Initiation process

2. Planning process

• Core process• Facilitating process

3. Implementation process

A. Core processB. Facilitating process

• Quality assurance• Team development• Information distribution• Solicitation• Vendor selection• Contract administration

4. Controlling process

5. Closing process

A good project team can

be the key to a successful

project!

Elements of project management 1. Identification project 2. Technical & financial appraisal of the

project3. Economic or socio-economic appraisal of

the project.• Prepare cost/benefits analysis • Prepare report

4. Proper formulation of project5. Plan for implementation of the project 6. Monitoring the implementation

7. Feedback and revision of objectives 8. Control action

9. Government regulation

Elements of project management

10.Manage staff

11.Manage client relationship

12.Evaluation

Elements of project management

CLASSIFICATION OF

PROJECT

National project

It just as Indian companies or Govt. invite collaboration from foreign country companies to step up plan in India.

International Project

The project set up by large industrial houses or government undertaking in other countries are known as international projects.

• Solar project

• Educational project

• Irrigation project

Non Industrial Project

Industrial Project

Wind farm project by Suzlon

Project based on technology

• High technology

• Conventional technology

• Low technology

Project based on high technology

Project based on conventional technology

Project based on low technology

Extrusion Technik

Project based on size

• Large scale project

• Medium scale project

• Small scale project

LARGE PROJECT

LOW PROJECT

MEDIUM PROJECT

Project Based On Ownership

• Public Sector• Private sector project • Joint Sector Project

Public SectorProject

Private Sector Project

Joint Sector Project

Ghogha-Dahej roll-on roll-off (RoRo) ferry service project

Infrastructure project

Need based projects

• Modernization project• Expansion project• Replacement project• Diversification project• Plant relocation project

It is undertaken with the objective of improvement in plant process by new techniques.

To remain competitive and produce at reasonable price, the company can not afford to continue with obsolete technology

Modernization project

Expansion project

Konaseema Gas

Power plans

Replacement project

Oil and Natural Gas Corporation

Diversification project

Plant relocation project

Jay Raval

• Thankur’s MBA 2nd semester edition about project management

• http://en.wikipedia.org/wiki/Project_management_process

• http://www.moneycontrol.com/stocksmarketsindia/

Bibliography