Project

Management
Pramod B.
Shrestha

November 20,
2009
 Projects and their
Management
• A project is something which has a beginning
and an end.

• A project is a human endeavour which creates

change; is limited in time and scope; has goals and
objectives; involves a variety of resources; and is
unique.

• A project is a complex effort to achieve a specific

objective within a schedule and budget target.

• A project is a one-time unique endeavour by

people to do something that has not been done
that way before.
 Projects Vs
Operations
projects - operations
• unique repetitive
• finite eternal
• transient stable
• uncertain certain
• flexibility stability
• risks status-quo
 Project and Project
Management
• a project is an endeavour in which human, material
and financial resources are organized in a noval way,
to undertake a unique scope of work of given
specification, within constraints of cost and time, so as
to achieve beneficial change defined by quantitative
and qualitative objectives.

• project management defined as a process by which a

project is completed successfully. three dimensions to
this process:

• project objectives
• management processes to achieve the objectives
• levels at which the processes are applied.
 The Project
Objectives
• Managing scope
• Managing
organization
• Managing quality
• Managing cost
• Managing time
• Managing risk
 The Management
Processes
• Two views on management processes.
• The problem-solving approach addresses the
uncertainty, viewing the project’s purpose as a
problem, and applies standard management
processes for problem solving: plan, organize,
implement and control.
• The project management life cycle approach
addresses the transience of projects directly.
Having a beginning and an end, projects go
through several stages of development such as:
germination, growth, maturity and death.
 The Fundamental Levels
• A project has three
fundamental levels at which
each objective is managed.
• Level 1: the integrative level
• Level 2: the strategic level
• Level3: the tactical level.
• For organization, level 1 of
management integrates the
project into its context, level 2
translates corporate objectives
into project strategies, and
level 3 implements the
strategies.
The project triangle: view
projects in terms of time,
cost, and scope
Time, cost, and scope:
manage project
constraints (Contd.)
Time, cost, and scope:
manage project
constraints (Contd.)
Time, cost, and scope:
manage project
constraints (Contd.)
 Summary
 1. a project:
- is a unique scope of work
- is undertaken using a novel organization
- achieves beneficial change.
 2. a project therefore:
- carries considerable uncertainty and risk
- requires the integration of the novel organization
- is subject to constraints of time, cost and quality
 3. project management is the process by which a project
is brought to a successful conclusion.
 4. project management has three dimensions:
- the objectives: scope, organization, quality, cost, time
- the management processes: plan, organize,
implement, control
- the levels: integrative, strategic, tactical.
Thank You