3. MANAGING Tough Times
SNIST
SCHOOL OF MANAGEMENT STUDIES
What is Project ?
1. A project is a one shot, time limited, goal directed,
major undertaking, requiring the commitment of
varied skills & resources. It also describes project
as a combination of human and non human
resources pooled together in a temporary
organization to achieve specific purpose
2. A project is a temporary assignment which
consumes resources like time, money, labor hours
and technology.
3. A project is an integration and collection of
multiple tasks.
4. MANAGING Tough Times
Project Attributes:
A project:
1. Has a unique purpose.
2. Is temporary.
3. Is developed using progressive elaboration.
4. Requires resources, often from various areas.
5. Should have a primary customer or sponsor.
The project sponsor usually provides the
direction and funding for the project.
6. Involves uncertainty.
SNIST
SCHOOL OF MANAGEMENT STUDIES
5. MANAGING Tough Times
SNIST
SCHOOL OF MANAGEMENT STUDIES
Example Projects :
Designing and implementing a computer system
Developing new product or Advertising Program
Designing and Developing production plant
Hosting a holiday party, Planning a wedding
Designing and producing a brochure
Executing an environmental clean-up of a
contaminated site
Performing a series of surgeries on an accident
victim
6. MANAGING Tough Times
SNIST
SCHOOL OF MANAGEMENT STUDIES
Project management is “the application of knowledge,
skills, tools and techniques to project activities to meet
project requirements.”*
Project Management :