project mgmt lecture1
TRANSCRIPT
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Project ManagementIt is a specialized branch of managementcapable of differentiation from others based on a variety of factors whichincludes the organization structure, theprocess of planning and control, humanrelation
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References
Project management- Harold KerznerProject Management Vasant Desai
Quantatitive Techniques in Management-N.D. VohraProject Management Prasanna Chandra
Project Management K Nagrajan
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Project is accomplished byperforming a set of activities
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Character sticks of Project
ObjectivesLife cycleDefinite time limitUniquenessTeam workComplexitySub-contractingRisk & Uncertainity
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Character sticks of ProjectCustomer Specific natureChangeResponse to environmentForecastingRational choicePrinciple of successionOptimalityControl mechanismMultidisciplinaryConflictsParts of Large Program
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Attributes of good Projectmanager
Planning & organizational skillsPersonal Mgmt skillsCommunication skillsChange orientation Ability to solve problems in totalityHigh energy levels Ambition for achievement Ability to take suggestion
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Taxonomy of Projects Activity- industrial , non-industrialLocation national , internationalProject Completion Time normal, crashOwnership private sector, public, joint sector
Size small , medium , largeNeed New Project Balancing Project Expansion Project Modernization Project Replacement Project Diversification project Backward Integration project Forward Integration Project
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Government Regulator
Major role in industrial developmentIndividual entrepreneurs search forprofitable ventures and function accordingto government frameworkLays down industrial priorities for countrydevelopment
Adopts Industrial licensing policy tocontrol new investments in such areas where growth has attained stauration
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Fiscal Policy influence economic activityof country through the medium of budget.Govt presents details of public revenueand expenditure.Monetary policy concerned with qty of
money and its regulations. RBI regulatesthe volume of money and its mainobjective is to control inflation and
deflation
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Search for Business Idea
Concepts of Project
Project Identification
Project Formulation
Project Analysis & Risks
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Project Planning
Project Design &Network Analysis
Project Report
Project Appraisal
Location of Enterprise
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Phases of a Project Mgmt
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Project IdentificationPerformance of existing industries Availability of raw material Availability of skilled laborImport / export statisticsPrice trendData from various sourcesResearch laboratoriesConsumption abroadPlan outlays & govt. guidelines Analysis of economic and social trendsReviving sick units
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Project Formulation
Pre Feasibility studyFunctional studies- mkt study , rawmaterial , project location, plant size,
equipment selectionFeasibility study Technical
Economic Commercial financial
Detailed Project Analysis (DPR)
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Feasibility Report
Market Analysis Consumption trends in the past and present consumption level. Past and present supply position. Production possibilities and constraints. Imports and exports Structure of competition Cost structure Elasticity of demand
Consumer behavior Distribution channels and marketing policies Administrative, technical and legal constraints
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Technical AnalysisPreliminary tests and studies Availability of raw materialsSelected scale of operation is optimalProduction process chosen is suitableMachinery is appropriateSupplementary engineering work to be providedProposed layout of site and bldg Work schedules to be realistically drawn Appropriate technology
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Financial Analysis
Investment outlay and cost of projectMeans of financingCost of capital
Projected profitabilityBreak even pointCash flows of the project
Investment worthwhilenessProjected financial positionLevel of risk
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Social Profitability Analysis(Economic Analysis)
Economic cost and benefit of projectImpact of project on distribution ofincome in societyImpact of project on the level of savingsand investment in the society
Contribution towards self-sufficiency,employment and social order
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Ecological Analysis
Environmental damageRestoration measures
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Criteria for selecting a particularProject
Investment SizeLocation
TechnologyEquipmentMarketing
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Importance of ProjectIdentification
Economic DevelopmentEmployment and Income generation
Substantial Financial OutlaysBasic Infrastructure and Environment
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Establishing the Project
InitiatingPlanning
OrganizingExecutingDirecting and Controlling
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Skills required of a projectManager
Leadership skillsTeam Building Skills
Conflict Resolution SkillsTechnical skillsManagerial skills
Organizing Hum anResource
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