1. Project Management
By,
Neharika Shrivastava
Birla Institute Of Technology
Noida

2. Topics To Be Covered
• Meaning
• Characteristics
• Classification
• Importance Of Project
• Features Of Project
• Project life cycle
• Phases of project management

3. Meaning
Project management is the discipline of
planning, organizing, securing, and managing
resources to achieve specific goals.
A project is a temporary endeavour with a
defined beginning and end (usually time-
constrained, and often constrained by
funding or deliverables), undertaken to meet
unique goals and objectives, typically to bring
about beneficial change or added value.

4. Characteristics
• Investment pattern
• Benefits or gain
• Time Limit
• Location

5. Classification
• Quantifiable and Non- Quantifiable Projects
• Sectoral Projects:-
Agricultural and allied sector
Irrigation and power sector
Industry and mining sector
Transportation and communication sector
Social service sector
Miscellaneous

6. Classification
• Techno – Economic Projects
 Factor intensity- oriented classification
 Capital intensive
 Lab our intensive
 Causation oriented classification
 Demand Based
 Raw material based
 Magnitude oriented classification
Large scale
Medium Scale
Small Scale

7. Classification
• Financial Institutions Classification
 New project
Expansion Project
Modernization Projects
Diversification Projects
• Service Project
 Welfare Project
Service Project
Research and Development Project
Educational Project

8. Importance
• Catalytic agent for economic development
• They have consequences which are long term in
nature
• Projects provide the framework for the future
activities of the enterprise
• Shape future pattern of service
• Involve substantial financial outlay
• Projects commitments cannot be easily reversed
• Brings necessary changes in society in course of
time
• Accelerates the process of socio-cultural
development

9. Features
• Simplicity and clarity
• Availability of attractive technology to
promote the project
• Integration of basic production
services, especially those of inputs
supply, credit, marketing and extension
• Compatibility of the project within the
existing administrative mix

10. Phases Of Project Management
• Identification
• Formulation
• Appraisal
• Selection
• Implementation
• Management

11. Identification
• Selection of a project after a careful scanning
of the environment of investment
opportunity and its likely return

12. Formulation
• Translation of the idea into a concrete project
with scrutiny of its important preliminary
aspects. Preparation of feasibility report

13. Appraisal
• Searching, scrutiny, analysis and evaluation
of market technical, financial and economic
variables. Assessing the profitability, return
on investment and break even point

14. Selection
• Rational choice of a project in the light of
objectives and inherent constraints

15. Implementation
• Expeditious completion within the allocated
resources

16. Management
• Judicious operation of a project/ enterprise
with objectives like maximization of net
present value, maximization of return and
return in the rate of return at low risk

17. Sources
• Project management ( Second Revised Edition
1999) Vasant Desai
• http://en.wikipedia.org/wiki/Project_manage
ment