 Projects have several characteristics  Projects have a purpose  Projects are realistic  Projects are limited in time and space  Projects are complex  Projects are collective  Projects are unique  Projects are an adventure  Projects can be assessed  Projects are made up of stages

1. Submitted By
MR. RAHUL PRAKASH ZAMBARE
HPGD/AP19/1204
SPECIALIZATION: OPERATIONS
WELINGKAR INSTITUTE OF MANAGEMENT
DEVELOPMENT & RESEACH
MARCH,2021

2.  Projects defined as temporary rather than permanent social
systems or work systems that are constituted by teams
within or across organizations to accomplish particular tasks
under time constraints. An on-going project is usually called
( or evolves into ) a program .

3.  Projects have several characteristics
 Projects have a purpose
 Projects are realistic
 Projects are limited in time and space
 Projects are complex
 Projects are collective
 Projects are unique
 Projects are an adventure
 Projects can be assessed
 Projects are made up of stages

4. The objectives and goals of the organization can be achieved in
an efficient manner through proper project management. Project
manager plays a key role in managing the project. They forecast
all the risks that might arise during the production process and
ensure that all the risks are addressed with a proper plan. By
following a good project management structure the employees
will have a good understanding about their roles and
responsibilities, they will also be aware of the schedule of the
deliverables and will have the opportunity to plan their schedule
accordingly. A good project management structure ensures that
the project is completed within specified time period and within
budget.

5. 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.

8.  Initiation phase
 Definition phase
 Design phase
 Development phase
 Implementation phase
 Follow-up phase

9. I. Little and Mirrle’s classification
 Quantifiable projects
If the benefits of the projects are assessable in quantitative
terms, such projects are quantifiable. For example-power
generation project, mineral development, and industrial
development projects etc.
 Non-quantifiable projects
The projects in which the quantitative assessment of
benefits is not possible are non-quantifiable projects. For
instance-educational project, health project ,defense project
etc.

10. II. Sectoral project
The Planning Commission of India has classified the
projects on sectoral basis, for the purpose of allocation of
scare resources at macro level, as under
 Agriculture and Allied Sector
 Irrigation and Power Sector
 Industry and Mining Sector
 Transport and Communication Sector
 Social Services Sector
 Miscellaneous Sector

11. III. Techno-economic projects
 Factor-intensity oriented classification
 Capital-intensive projects
 Labour-intensive projects
 Causation-oriented classification
 Demand based projects - If there is an increasing demand
for certain goods or
 Raw materials based projects - If the availability of specific
raw materials or
 Magnitude oriented classification - Under this category, the
projects are

12. IV. Financial Institutions Classification
 Profit-oriented projects
 New Projects
 Development / Expansion Projects
 Modernization / Technology Projects
 Diversification Projects
 Service-oriented projects These include the following
 Welfare projects
 Service projects
 Research and Development projects
 Educational projects.

13.  Space
 National Highway Development Programme
 Konkan Railway Project
 Delhi Metro Rail Corporation
 Bandra Worli Sea Link
 Super Critical Thermal Power Plants
 Telecom Networks Indian Software Capabilities
 Biotechnology
 Nationwide new Township Development
 Huge Retail Development

14. A project is an economic activity with well defined
objectives and having specific beginning and end and
Project management is all about creating an environment
and conditions in which to achieve a particular goal or
objective - in a controlled manner with a team of people.
When you're familiar with what project management
entails, from the process to mitigating all that can possibly
(and often does) go wrong, you affect the end result -
whether you're engaged in a project methodology for the
first time or a seasoned pro.

15.  Project Management Handbook Version 1.1 - July 2006 -
Wouter Baars
 PROJECT MANAGEMENT - By Neha Tikoo
 Concept of Project - Project Management, Entrepreneurship
& Small Businesses| Edu Rev Entrepreneurship & Small
Businesses
 Project Management - Adrienne Watt
 The practical guide to project management - Christine
Petersen, PMP

16. Thank you