2. Project Definition, Characteristic Features & Classification.ppt

2. Project Definition, Characteristic Features & Classification.ppt

• 1.
  PROJECT PROJECT Definition, Characteristic Definition, Characteristic Features& Classification Features & Classification
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  PROJECT : Definition PROJECT: Definition The Project Management Institute PMI, USA defines project: The Project Management Institute PMI, USA defines project: • “ “A project is a temporary endeavor undertaken A project is a temporary endeavor undertaken to create a "unique" product, service or result” to create a "unique" product, service or result” •“ “A project is a series of activities directed to A project is a series of activities directed to accomplishment of a desired objective.” accomplishment of a desired objective.” •“ “A project is a one shot, time consuming, goal oriented A project is a one shot, time consuming, goal oriented major undertaking, requiring the commitment of varied major undertaking, requiring the commitment of varied skills and resources.” skills and resources.”
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  About projects About projects •A project is a ‘non-repetitive’ activity. A project is a ‘non-repetitive’ activity. • It is a goal oriented – it is being pursued with a It is a goal oriented – it is being pursued with a particular end or goal in mind. particular end or goal in mind. • It has a particular set of constraints- usually It has a particular set of constraints- usually centered around time and resources. centered around time and resources. • The output of the project is measurable. The output of the project is measurable.
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  • A projectcan be defined as a complex of non A project can be defined as a complex of non routine activities that must be completed with a routine activities that must be completed with a set amount of resources and within a set time set amount of resources and within a set time limit. limit. • A project is initiated to achieve a mission- A project is initiated to achieve a mission- whatever the mission may be. A project is whatever the mission may be. A project is completed as soon as the mission is fulfilled. A completed as soon as the mission is fulfilled. A project is not a physical objective, nor is it the project is not a physical objective, nor is it the end result-it has to do something with the end result-it has to do something with the going-on in between. going-on in between. • A project is an investment made on a package A project is an investment made on a package of interrelated time bound activities, of interrelated time bound activities, consequently, a project becomes a time bound consequently, a project becomes a time bound task. task.
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  CHARACTERSTICS / FEATURESOF CHARACTERSTICS / FEATURES OF A PROJECT A PROJECT • Objective Objective • Life span Life span • Single entity Single entity • Life cycle Life cycle • Uniqueness Uniqueness • Uncertainties & risks Uncertainties & risks • Team work Team work • High level of sub contracting High level of sub contracting • Complexities Complexities • Focused Focused
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  PROJECT FAMILY TREE PROJECTFAMILY TREE Plan (Vision) Plan (Vision) ↓ ↓ Programme (Objective) Programme (Objective) ↓ ↓ Project (Specific Target) Project (Specific Target) ↓ ↓ Work Package (Discrete Package) Work Package (Discrete Package) ↓ ↓ Task (Activity Composite) Task (Activity Composite) ↓ ↓ Activity (Action on Ground) Activity (Action on Ground)
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  CLASSIFICATION OF PROJECTS CLASSIFICATIONOF PROJECTS Quantifiable and Non-Quantifiable Projects Quantifiable and Non-Quantifiable Projects Sectoral Projects Sectoral Projects o Agriculture and allied sector Agriculture and allied sector o Irrigation and power sector Irrigation and power sector o Industry and Mining sector Industry and Mining sector o Transport and Communication sector Transport and Communication sector o Miscellaneous sector Miscellaneous sector Techno-Economic Projects Techno-Economic Projects o Factor intensity oriented projects Factor intensity oriented projects o Causation oriented projects Causation oriented projects o Magnitude oriented projects Magnitude oriented projects
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  CATEGORIES OF PROJECTS CATEGORIESOF PROJECTS •National International National International •Non-Industrial Industrial Non-Industrial Industrial •Level of Technology Level of Technology Low Technology Low Technology Conventional Technology Conventional Technology High Technology High Technology Non-conventional Technology Non-conventional Technology •Size (Budget) Size (Budget) Small Medium Small Medium Major Mega Major Mega
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  Financial Institution’s Classificationof Projects Financial Institution’s Classification of Projects New projects New projects Expansion projects Expansion projects Modernization projects Modernization projects Diversification projects Diversification projects Service Projects Service Projects Welfare projects Welfare projects Research and Development projects Research and Development projects Educational projects Educational projects