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Introduction

The document outlines the characteristics and life cycle of projects, emphasizing the importance of defined objectives, budgets, and the multifaceted nature of project management. It discusses the classification of projects based on needs and the distinction between groups and teams in achieving goals. Additionally, it highlights the challenges of piecemeal systems and the necessity of aligning projects with overall firm strategies to ensure performance within time and cost constraints.

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ananyohaldersabuj
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10 views7 pages

Introduction

The document outlines the characteristics and life cycle of projects, emphasizing the importance of defined objectives, budgets, and the multifaceted nature of project management. It discusses the classification of projects based on needs and the distinction between groups and teams in achieving goals. Additionally, it highlights the challenges of piecemeal systems and the necessity of aligning projects with overall firm strategies to ensure performance within time and cost constraints.

Uploaded by

ananyohaldersabuj
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Introduction

A complex, non-routine, one-time effort limited by time, budget, resources


and performance specifications designed to meet customer need

Major characteristics
• An established objective
• Unique
• Defined life span
• Defined budget
• Multifunctional -- CONFLICT
• Uncertain -- RISK
Introduction
Project Life Cycle

Define Plan Execute Deliver


Level of
Effort

Time

Basic purpose of a project is to achieve specific goals focusing:

• Responsibility • Authority •Accountability


Introduction
Classification

Based on need:
• New
• Balancing
• Expansion
• Modernization
• Replacement
• Diversification
• Backward integration
• Forward integration
• Turn Key
Introduction
Group vs. Team

Together
A B A B
    Everyone
Achieves
D C D C More
   
GROUP TEAM
Introduction
Piecemeal System
• Class or Prestige gaps among various levels
• Functional gaps among working units

+ =

Management gaps Functional gaps Piecemeal System

• fails to tie to the overall strategies of the firm


• fails to balance the planning and control with
appropriate adjustment
Introduction
To achieve the goal (performance) within limited time and cost

Within Good Customer Relation

Resources

Performance
Select a Dream
S
Use that Dream to set a Goal
U
C
Create a Plan
Consider Resources
C
Enhance Knowledge & Skill
E
Spend Time Wisely
S
START
S

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