WELCOME TO WORLD OF

PROJECT MANAGEMENT

Do We Need It?????
Changing Role of Project Management

• What are your expectations from this course?

• Increasing Relevance of Projects?
• Project Management and Management by Projects
Projects
• Change in Customer Requirements
Job
Batch Shops
• Project as a process Structure
Shops

Assembly
Lines

Variety
Client Base …
 Time to Have Formal
Inputs In
Project Management …
Do All these as soon as possible with no errors ???
Is this purpose of project review???
What do we want from Project Management ?

• Reliable on time in full to budget delivery performance

More revenue, more Profit, happy customers
• A stable plan
More Productive use of resources
• Simple, objective measures of Project progress
Shorter meetings, better informed
stakeholders - less waste, more productivity
• Simple, objective measures of Project health status
Shorter meetings, better informed
stakeholders - less waste, more productivity
• Clear signals for when corrective action is - and is not - necessary
Better directed recovery efforts - less waste,
more productivity
• Direction for ongoing improvement efforts
The future brings more revenue, more profit, happier
customers than the present
And what we normally get!!

• Reliable on time in full to budget delivery performance ?

• Or A continuous struggle with time, cost and scope ?
• A stable plan
• Or Repeated rescheduling ?
• Simple, objective measures of Project progress ?
• Or Clarity at the start and end, thick fog in between ?
• Simple, objective measures of Project health status ?
• Or Subjective assessments compounded by human factors ?
• Clear signals for when corrective action is - and is not -
necessary ?
• Or Intervening too much too early, and too little too late ?
• Direction for ongoing improvement efforts ?
• Or "We'll improve our methods when things get better"
 Why Project management today???
• Project managers offer proven methodologies to tackle new initiatives and solve
problems so companies can reach their goals and thrive in the face of today’s
tough business challenges.
• The Anderson Economic Group’s employment study stated that project
manager jobs are projected to increase at a brisk pace in coming years.
• According to a 2011 salary survey conducted by the Project Management
Institute, the median base annual salary for project managers in the United
States was $105,000.

• project managers rely on critical

thinking and problem-solving
skills, outstanding planning and organizational skills,
and top-notch communication skills. They must also be good at
managing people, flexible enough to deal with change on-the-fly, and able to
forecast and mitigate risks.

(http://www.sixsigmadaily.com/jobs/project-manager-job-description)
 What is a Project?
A project is a:
• Complex,
• non-routine and
• one time effort
• limited by time, budget, resources & performance spec.

PURPOSE
• To accomplish some objective or goal

STRUCTURE
• A set of interrelated jobs whose accomplishment leads to the completion
of the project
• Jobs or activities consume time and resources and are governed by
precedence relations
 What is a project?
“A Project is an agreed upon set of
resources and activities that have
been designed to produce
predetermined outputs within a
given budget and time limit”
A Temporary endeavor undertaken to create a unique product or service
(Project Management Institute, 2000)
Te r m Me ans that a Pr
Specific ojeLife
Fixed ct Huge but
temporary Has a beginningSpan
objective(s) and end limited Budget
endeavor Involves effort, work
to create Has an intention to produce something (project
Scope
"deliverables" Due Date Budget (Cost)
unique (Time) than a collection of identical items
One of a kind, rather

“A Project Tangible
product is an agreed uponbut
objects, set could
of resources
includeand activities
things like that
computer software, film or stage works
have been designed
service to produce
Might include predetermined
the establishment of outputs within
a day-care a
center,
given budgetforand time limit”
instance, but not its daily operations.
 Features of Projects
• Part of programs
• Multi-disciplinary
• Well defined collection of jobs
• Generally non-repetitive, one time effort
• Jobs interrelated through precedence
• Jobs consume time and resources
• Constant pressure of conformance to
time/cost /performance goals
• Conflicts
• Coordination needed between individuals,
groups & organizations
 What is true with most projects?

• Around ____% of projects face Mgmt.

problems
• Time over run
• Scope creep
• Premature closure
• Poor quality (post project evaluation)
• Cost escalation
• Challenges of resource mismatch & utilisation
Findings from a TCS Study?
Business response to failure
Standish Group Report

Why?
Critical success factors for software projects: A comparative study
Mohd Hairul Nizam Nasir and Shamsul Sahibuddin
Scientific Research and Essays Vol. 6(10), pp. 2174-2186, 18 May,
2011
Reasons For Project Delays in India
(PMI)
Reasons For Project cost overrun in
India (PMI)
 Challenges and Constraints in Projects
(Indian Scenario)

Adapted from: Project Management in India: Insights from Six Key Sectors
 Should a Project Manager be
worried about the Projects’
impact on long term
perspective of an organization?
Kaveri Engine for LCA is running late by 16 years and the cost has
escalated by around 800 per cent

Does this help organization achieve

long term success??
 The Key drivers for growth:
 Commodity driven trade market from China, India, & shifting of production base
 Super Sizing of fleet
 Replacement of Aging Fleet
 Conversion of Single hull Tanker (due to risk of environmental damage) by
Double Hull Tankers or very large ore carriers
 Project Management & External Env.

Do you feel that there are dynamic

changes in external world over a
period of time in any industry?

If Yes, then who should plan (atleast

take responsibility) for dealing with
the dynamic changes in the external
world?
Questions