This document discusses the elements, processes, and classifications of project management. It defines a project and project management. It outlines the five main processes of project management: initiation, planning, implementation, controlling, and closing. It also lists 11 elements of project management. Finally, it categorizes projects based on several classifications such as scale, technology, ownership, location, needs, and more. The document was prepared by students at Bhavnagar University for their project management course.
Prepared by:
Jaypal Chavda
NikitRajani
Jay Raval
Dept. of Business Admin., Bhavnagar University,
Bhavnagar.
Guided by:
Madhuri Ma’am
SUBMITTED TO:
Project Management Process
Element Of Project Management
Classification Of Project
Project management
• Project
Projectis a group of unique,
interrelated activities that are planned
and executed in a certain sequence
create a unique product and services,
within in a specific time frame.
4.
• According toPMI,
A guide to the project
management body of knowledge , a
project is define as, “a temporary
endeavor undertaken to create a
unique product or services.”
5.
Project management
A Projectmanagement is the
discipline of planning, organizing and
managing resources to bring abut the
completion of specific project goals
and objectives.
6.
Definition of Project
management
Accordingto PMI, “Project
management is the application of
knowledge, skills, techniques to
project activities in order to meet or
exceed stakeholder needs and
expectations.”
3. Implementation process
A.Core process
B. Facilitating process
• Quality assurance
• Team development
• Information distribution
• Solicitation
• Vendor selection
• Contract administration
A good projectteam can be the
key to a successful project!
12.
Elements of projectmanagement
1. Identification project
2. Technical & financial appraisal of the project
3. Economic or socio-economic appraisal of the
project.
• Prepare cost/benefits analysis
• Prepare report
13.
4. Proper formulationof project
5. Plan for implementation of the project
6. Monitoring the implementation
7. Feedback and revision of objectives
8. Control action
9. Government regulation
Elements of project management
Need based projects
•Modernization project
• Expansion project
• Replacement project
• Diversification project
• Plant relocation project
30.
It is undertakenwith the
objective of improvement
in plant process by new
techniques.
To remain competitive and
produce at reasonable
price, the company can not
afford to continue with
obsolete technology
Modernization project