PROJECT MANAGEMENT NOTES (DIPLOMA LEVEL)
1. Introduction to Project Management
Project Management is the process of planning, organizing, directing, and controlling resources to
achieve specific goals within a defined time, cost, and scope.
A project is a temporary activity undertaken to create a unique product, service, or result.
Examples of projects:
Construction of a building
Installation of electrical systems
Development of software
Road construction
2. Characteristics of a Project
Has a clear beginning and end
Has specific objectives
Uses limited resources
Involves risk and uncertainty
Requires planning and coordination
3. Project Manager
A Project Manager is responsible for the successful completion of a project.
Roles of a Project Manager:
Planning project activities
Managing time, cost, and quality
Coordinating team members
Managing risks
Communicating with stakeholders
4. Project Life Cycle
The project life cycle consists of the following phases:
(a) Initiation
Identifying the project need
Defining objectives
Feasibility study
(b) Planning
Defining scope
Scheduling activities
Cost estimation and budgeting
Resource allocation
Risk planning
(c) Execution
Performing the project work
Coordinating people and resources
Ensuring quality
(d) Monitoring and Control
Tracking progress
Comparing planned vs actual performance
Taking corrective actions
(e) Closure
Completing deliverables
Handing over the project
Evaluating performance
5. Project Planning
(a) Scope Planning
Defines what is included and excluded in the project.
(b) Time Planning
Activity sequencing
Scheduling using tools such as:
Gantt charts
Network diagrams
(c) Cost Planning
Estimation of project costs
Preparation of budgets
Cost control
6. Project Scheduling Tools
Gantt Chart
Shows activities against time
Easy to understand
Useful for tracking progress
Critical Path Method (CPM)
Identifies critical activities
Determines minimum project duration
Delays on critical path delay the project
7. Project Resources
Resources include:
Human resources (workers, engineers)
Materials
Equipment
Money
Proper resource management ensures efficiency and cost control.