PROJECT MANAGEMENTA PRESENTATION BY: SANJANA BHARADWAJ, IV SEMESTER

Project

A project consists of a temporary endeavour undertaken to create a unique product, service or result.

Project Definition

Newman define that "a project typically has a distinct mission that it is designed to achieve and a clear termination point, the achievement of the mission".

Projects are often implemented as a means of achieving an organization's strategic plan.Projects are critical to the realization of the performing organization's business strategy because projects are a means by which strategy is implemented.

Project identification

Project Selection

Once a proposal has been received, there are numerous factors that need to be considered before an organization decides to take it up.The most viable option needs to be chosen, keeping in mind the goals and requirements of the organization.

II. Project Preparation

Consists of all the work necessary to ensure that a proposed project is feasible and appropriate and that it can be successfully implemented.

Project Preparation Phase

In the Project Preparation phase we define 4 main items:1. Analyses2. Permits3. Equipment selection4. Project plan

III. Project Formulation

Project formulation divides the process of project development into eight distinct and sequential stages.1.General Information.2. Project Description.3. Market Potential.4. Capital Costs and Sources of Finance.

Project Formulation

5. Assessment of Working Capital Requirements.

6. Other Financial Aspects.7. Economic and Social Variables.

8. Project Implementation.

Common errors in project formulation

● Product Selection● Capacity Utilization Estimates● Market Study● Technology Selection● Location Selection● Selection of Ownership Form

Project Implementation

● Draw an implementation scheme or a timetable for project to ensure the timely completion

V. Project evaluation

A relatively recent phenomenon.Is a systematic method for collecting,

analyzing, and using information to answer questions about projects, policies and

programs, particularly about their effectiveness and efficiency

PROJECT MANAGEMENT

PROJECT MANAGEMENT

● A complex processes● Is a methodical approach

● The application of knowledge, skills, tools, and techniques to project activities to meet

project requirements

PROJECT MANAGERS

Focus on the goals of the project.

Apply project management tools and techniques to

clearly define the project goals, develop an execution

plan to meet those goals, and meet the milestones

and end date of the project.

❑ Credibility

❑ Creativity as a problem solver

❑ Tolerance for ambiguity

❑ Flexible management style

❑ Effective communicating

CHARACTERISTICS OF A GOOD PROJECT MANAGER

� Project report is a written statement of what an entrepreneur proposes to take up.

� It is a course of action what the entrepreneur hopes to achieve in his business and how is he going to achieve it.

� It describes the direction the enterprise is going in, what its goals are, where it wants to be, and how it is going to get there.

� Project report is to attract lenders and investors

PROJECT REPORT

� Introduction

� Background of the Promoters/entrepreneurs

� Product

� Market & Marketing

� Location

� Production Process

� Raw Material

� Cost of Project & Source of Finance

� Financial Viability of the Project

CONTENTS OF PROJECT REPORT

Finance is one of the most important pre-requisites to establish an enterprise

Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project.

PROJECT FINANCE

Sources of raising funds

Exact assessment of the revenue, cost, profits, cash flow dynamics, stock of inventory loans etc.

Financial requirements

• Provides clear roles, responsibilities, activities and schedules for team efforts

• Includes a method for considering the consequences of decreasing or increasing funds, resources, time, or quality

• Specifies a detailed plan of how to achieve our objectives

BENEFITS OF PROJECT MANAGEMENT

• Assists in the realistic assignments of tasks and responsibilities to team members according to the skills and resources available

• Gives structure to communicating the progress of projects

• Allows teams to identify potential problems and take preventive action early

• Keeps management officers and project stakeholders well-informed and supportive

BENEFITS OF PROJECT MANAGEMENT (contd..)

Project management is the process and activity of planning, organizing, motivating, and controlling resources, procedures and protocols to achieve specific goals in scientific or daily problems.A project is not just a bundle of pages but an extensive research carried out by the able project manager and his team who assist him in building an error-free project.With time, it becomes important to have a project report in hand so that a budding entrepreneur is able to convince his investors into investing in the project.

CONCLUSION