chapter 1 project management functions attributes processes

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Project Management And Appraisal

Sitangshu Khatua, Associate Dean,

Jyotirmoy School of Business, Kolkata


Chapter 1 Project Management – Functions

Attributes, and Processes

Project Management and Appraisal – Sitangshu Khatua


Learning Objectives

• Define project and project management

• Understand the various attributes of a project

• Explain the different phases of life of a project

• Understand the role of project managers

• Formulate an overall view of modern project

management



What is a project?

It is a unique process, consisting of a set of coordinated and controlled activities with start and finish dates, undertaken to achieve an objective conforming to specific requirements including constraints of time, cost and resources. In other words, project is a complex, non routine, one-time effort to complete a particular task.



Features of a Project• A goal or objective• Uniqueness• A Beginning and an End• Complexity• Specific Time, Cost and Performance Requirements



Project Life Cycle

Project life cycle recognizes that projects have limited life spans and that there are predictable changes in the level of effort and focus over the life of a project. Although every project is unique, most of them go through these four phases: defining, planning, executing and delivering.



Unique functions of project managers

Project mangers are expected to marshal resources to complete a defined project on time, on budget, and within specifications.

Project managers are the direct link to the customers and must fulfil the customer’s expectations while staying within the project specifications.

Project managers direct, coordinate and integrate the project team .

Project managers are responsible for the performance of the team members. They must ensure that appropriate trade offs between the time, cost and specifications



The following have been found to be the characteristics of a workaholic project manager

• Every Friday he thinks that there are only two more working days until Monday.

• At five p.m. he considers the working day only half over

• He has no time to rest or relax• He always takes homework from the office• He takes work with him on vacations



Project Management – as a whole

Every project is a system in that it consists of many interrelated and interconnected parts or elements, which must function as a whole. Project varies greatly in size, complexity and urgency; however all but a simplest project have a common element in that they must be integrated.



Measuring Managerial Performance



Total Project System



Personal Interfaces

Organizational Interfaces

System Interfaces:


Types of Project Interfaces


Management Interfaces

Each of the three types of interfaces that have been described pose important problems. Problems become particularly troublesome when personal and organizational interfaces are combined into what may be called management interfaces



The multiple Interface In Matrix


chapter 1 project management functions attributes processes

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