1 Definition of project
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A project is defined as a temporary endeavor undertaken to create unique products, services or results. The core of project design is deciding what to improve or change and how the project can bring about that improvement. All projects are concerned with creating change, have a defined lifespan with a beginning and end date, clear objectives that must be achieved within time and budget constraints, and are unique processes. Project management is the application of skills and techniques to project activities to meet stakeholder expectations. Key components of project management include integration, scope, time, cost, quality, and human resource management. The key dimensions that define all projects are cost, time, scope, and quality.
1 Definition of project
- 1. 1 PROJECT DEFINITION A group of activities that have to be performed in a logical sequence to meet preset objectives outlined by the client OR Temporary endeavors undertaken to create unique products, services or results
- 2. 2 PROJECT The core of the project design therefore is deciding WHAT to improve or change HOW the project can bring about or contribute to the improvement or change
- 3. 3 Characteristics of a Typical ProjectCharacteristics of a Typical Project All projects are concerned with Change creatingAll projects are concerned with Change creating something new;something new; All projects exist for a limited and defined period ofAll projects exist for a limited and defined period of time: their lifespan consists of a set of activities with atime: their lifespan consists of a set of activities with a beginning date and a target end date (deadline);beginning date and a target end date (deadline); These activities must be performed in a logical order;These activities must be performed in a logical order; All projects have clear and measurable objectives,All projects have clear and measurable objectives, targets or goals. These objectives must be achievedtargets or goals. These objectives must be achieved within specific constraints, especially time and costswithin specific constraints, especially time and costs (budget);(budget); Each project is a new and unique process.Each project is a new and unique process.
- 4. 4 What is Project Management?What is Project Management? Project Management is the application of knowledge, skills,Project Management is the application of knowledge, skills, tools and techniques to project activities in order to meettools and techniques to project activities in order to meet or exceed stakeholder needs and expectations from theor exceed stakeholder needs and expectations from the project.project.
- 5. 5 Different Components of Project ManagementDifferent Components of Project Management Project Integration ManagementProject Integration Management Processes required to ensure that various elements of the projectProcesses required to ensure that various elements of the project are properly coordinated.are properly coordinated. Project Scope and Time ManagementProject Scope and Time Management Processes required to ensure that the project includes all the workProcesses required to ensure that the project includes all the work required to complete it successfully in stipulated time.required to complete it successfully in stipulated time. Project Cost and Quality ManagementProject Cost and Quality Management Processes required to ensure quality and that the project isProcesses required to ensure quality and that the project is completed within the approved budget.completed within the approved budget. Project Human Resource ManagementProject Human Resource Management Processes required to make the most effective use of the peopleProcesses required to make the most effective use of the people involved in the implementation of the project.involved in the implementation of the project.
- 6. 6 Key Dimensions of ProjectsKey Dimensions of Projects CostCost TimeTime ScopeScope
- 7. 7 Key Dimensions of a ProjectKey Dimensions of a Project Quality Cost Quality Time Scope