Project management module1

Topics to be covered:
1. Introduction

2. Characteristics of a project
3. Types of project
4. Project Life Cycle
5. Contract Vs Tender
.

Definition of Project:
Ø Unique

Ø Achieving specific objectives or common goal with a minimum   time period by utilizing limited resources

Ø Life cycle

Ø Customer specific

Ø Multi disciplinary

Project constraints:

Ø Cost

Ø Quality

Ø Scope

Ø Time

Classification of a project:

 1.  Personal level            
 2.  Neighbourhood level

 3.  Organisational level   
 4.  National level

 5.  Global level

Classification of project based on activity duration:
1. Deterministic project    

2.Probabilistic project

Project life cycle:

           1. Project initiation

            2. Project planning

3.         3. Project implementation

            4. Project controlling

            5. Project termination 

Contracts:

Tender:

Types of tender:

Ø Open tender

Ø Selective tendering

Ø Negotiated tendering

Ø Serial tendering

Ø Framework tendering

Contracts vs tender

Feasibility study:

Ø Technical feasibility

Ø Financial and economic feasibility

Ø Market and environmental feasibility

Ø Social and political feasibility

.
Tools and techniques for project management:

v Project selection technique

v Cost benefit analysis

v Risk and sensitivity analysis

v Project execution planning techniques

v Work breakdown structure

v Project execution plan

How to plan a project?
v Project scope
v Work Breakdown Structure (WBS)
v Resource planning
v Capital/ budget planning
v Risk management
v Quality planning

Financial models:

Ø Payback period

Ø ROI

Ø Discounted cash flow models
Ø Benefit cost ratio

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Project scheduling techniques: -
1. Bar chart
2. Milestone chart
3. Linked Bar chart
4. Network Techniques     ----->       CPM & PERT

Thank you,

All the best