MBA 605: Project Management
Atikur Rahman,
MBA (HRM), BBA (Mgts)
Senior Lecturer of Business Administration
Faculty of Business Studies, PCIU
Email: [Link]@[Link]
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PLAN & PROJECT
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PROJECT
The term “project” has a wider meaning. A project is
accomplished by performing a set of activities. A project as an
organized program of predetermined group of activities that are
non-routine in nature and that must be completed using the
available resources within the given time limit.
Example:
• Construction of a bridge
• Development of software for a new business process.
• Installation of machinery in a factory
• Relief efforts after a natural disaster
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PROJECT
According to Harison, A project can be defined as a non-routine,
non-repetitive, one-off undertaking, normally with discrete time,
financial and technical performance goals.
According to Project Management Institute of USA, “A project,
according to the institute, is a one-shot, time-limited, goal
directed, major undertaking, requiring the commitment of varied
skills and resources.”
Note: Constructing a factory is a project. Producing 100 items
every day in that factory is Not a project. It is operations.
Operations are activities that are routinely carried out to support
the business.
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FEATURES OF PROJECT
1. Specific purpose (s): Every project is purpose oriented. It is never possible to
form a project without specific purpose (s). When multi-purposes can be satisfied
through project, it is called multi-purpose project.
2. Specific direction: In Projects top management give direction to middle level
management and middle level to lower level management to achieve project goal.
3. Definite life cycle: A project has a life cycle reflected by idea generation
planning, and execution stages.
4. Complex interdependency: Project is a temporary organization. Every project
works as a helping hand of organization and every project have its parent
organization 1–6
FEATURES OF PROJECT
5. Uniqueness: Projects must have the feature of uniqueness. Two projects are not
exactly similar even if the plans are exactly or merely duplicated.
6. Conflicting environment: Varieties of people are gathered with different interest in a
project. So management should be know about project clearly and then should reform it.
7. Neutral Judgment: Project manager should judge every employee’s task impartially.
That’s why every one can enjoy inspiration to work.
8. Non-repetitive: Projects must not be repeated again and again. One project must be
ended, when its goal will be achieved.
9. Risk and uncertainty: Every project has risk and uncertainty associated with it. The
degree of risk and uncertainty depend on now a project has passed through its various
life-cycle phases. 1–7
CLASSIFICATION OF PROJECT
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CLASSIFICATION OF PROJECT
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CLASSIFICATION OF PROJECT
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CLASSIFICATION OF PROJECT
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CLASSIFICATION OF PROJECT
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CLASSIFICATION OF PROJECT
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PROJECT MANAGEMENT
Project management is the application of skills, experience, knowledge,
methods, and processes to achieve the objectives of a project. It is the body of
knowledge regarding projects, i.e., planning, controlling, and reviewing. Project
management also involves making sure you complete the project.
“Project management is the application of processes, methods, skills, knowledge
and experience to achieve specific project objectives according to the project
acceptance criteria within agreed parameters. Project management has final
deliverables that are constrained to a finite timescale and budget.”
-The Association for Project Management
So project management is the application of managerial knowledge, skills, tools
and techniques to project activities in order to meet predetermined objectives or
goals. 1–14
TRIPLE CONSTRAINTS OF PROJECT MANAGEMENT
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TRIPLE CONSTRAINTS OF PROJECT MANAGEMENT
Scope
Project scope refers to the extent, range, breadth, reach, confines, dimension,
realm, gamut, spectrum, or spread of the work that’s to be done on a project. It
encompasses the sum of products and services to be provided, describing what’s
being done and how much of it.
Time
Simply put, the duration required to complete the project or tasks within the
project.
Cost
Project cost refers to the resources—financial and otherwise—required to execute
the work. Costs might include labor, hardware, software, and other charges.
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FUNCTIONS OF PROJECT MANAGEMENT
• To execute of proper planning of project function based on project
objectives.
• To make budget and work list by using modern techniques based on
planning of project
• Selection of employees for project and give training, and determine the
relation and leadership role.
• Supervision and control of activities of project as per predetermined
time, cost and standard.
• Maintain link with parent organization and its different division.
• Maintain relation among competitive organization government and non-
government organization and other related parties.
• Make evaluation report after project is executed.
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