What is Project??
- A project is “a unique endeavor to produce a set of deliverables within a clearly specified time, cost and quality constraints.
- A project is a series of tasks, arranged in a defined sequence or relationship that produces a pre-defined output or effect. A project always has a start, middle and an end.
What is Management??
- Management is businesses and organizations are the function that coordinates the efforts of people to accomplish goals and objectives by using available resources efficiently and effectively.
What is Project Management??
- Project management is about managing work.
- It is the application of knowledge, skills and techniques to execute projects effectively and efficiently. It’s a strategic competency for organizations, enabling them to tie project results to business goals- and thus, better complete in their markets.
- A suite of skills. Various types of tools are used by project managers to improve the projects chances of success.
- The primary challenge of project management is to achieve all of the project goals and objectives while honoring the preconceived constraints.
- The primary constraints are scope, time, quality and budget.
- The secondary- and more ambitious- challenge is to optimize the allocation of necessary inputs and integrate them to meet pre-defined objectives.
- Project management is all about calculating the pitfalls and creating outlets to avoid the consequences.
- Even if the project is well planned and carried still the possibility of encountering dangers exists.
Importance of Project Management
- These undertakings may be diverse such as the development of a new product or service; the establishment of a new production line in a manufacturing enterprise; a public relations promotion campaign; or a major building programme.
- The importance of project management is an important topic because all organizations, be it small or large at one time or other are involved in implementing new undertakings.
Importance of Project Identification
- Entrepreneurship Management
- It has long term consequences
- Involves commitment which can not be easily reversed, ideals are put into action.
- Projects are catalytic agents for economic development
- Involves creative use of resources- manpower, capital, raw materials, etc.
Project management used in construction Industry
- Customer Satisfaction
- Quality Management
- Risk Management
- Resources Management
- Stakeholders Management
Attributes to Project Management
- Project managers
- Determining project objectives
- Managing budget and resources
- Reporting progress
- Evaluating efficiency and effectiveness
Responsibilities of Project Manager
- Planning thoroughly through all the aspects of the project.
- Controlling the man power of the organization.
- Monitor performance, costs and efficiency of all elements of the project.
- Completing the project on schedule and within costs.
Project Management Process
- Project Initiation
- Project Planning
- Project scheduling and execution
- Monitoring and control
- Close out of the project
- The project planning phase is the second in the construction project life cycle. It involves creating of a set of plans to help guide project team through the execution and closure phases of the project.
- The plans created during this phase will help management to manage time, cost, quality, change, risk and issues.
- They will also help PM to manage staff and external suppliers, to ensure that you deliver the project on time and within budget.
Project Initial Phase
- The project initial phase is the 1st phase in the project management life cycle, as it involves starting up a new project.
- A PM can start a new project by defining its objective, scope, purpose and deliverables to be produced.
- PM will also hire your project team, setup the project office and review the project, to gain approval to begin the next phase.
Project Execution Phase
- This phase is usually the longest and involves the execution of all activities and tasks as detailed in the project plan.
- During there execution a series of management tools and processes are undertaken to monitor, control and communicate the status of the deliverables.
Closing of the Project
- The project closure phase is forth and last phase in the project life cycle.
- Project closure involves handling over the deliverables to your customer, passing the documentations to the business, cancelling supplier contracts, releasing staff and equipment, and informing stakeholders of the closure of the project.
- Business Advantage: By timely achievement of goals, optimal resource utilization and information based decision making.
- Competitive advantage: Workforce energized by culture of execution and collaboration, customer satisfaction by “profitable” results.
- Tangible benefitsfor individuals at various levels in organizations.
- Minimization of conflicts and confusions.