Projects have several characteristics
Projects have a purpose
Projects are realistic
Projects are limited in time and space
Projects are complex
Projects are collective
Projects are unique
Projects are an adventure
Projects can be assessed
Projects are made up of stages
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Concept of project and classification – an overview prentation
1. Submitted By
MR. RAHUL PRAKASH ZAMBARE
HPGD/AP19/1204
SPECIALIZATION: OPERATIONS
WELINGKAR INSTITUTE OF MANAGEMENT
DEVELOPMENT & RESEACH
MARCH,2021
2. Projects defined as temporary rather than permanent social
systems or work systems that are constituted by teams
within or across organizations to accomplish particular tasks
under time constraints. An on-going project is usually called
( or evolves into ) a program .
3. Projects have several characteristics
Projects have a purpose
Projects are realistic
Projects are limited in time and space
Projects are complex
Projects are collective
Projects are unique
Projects are an adventure
Projects can be assessed
Projects are made up of stages
4. The objectives and goals of the organization can be achieved in
an efficient manner through proper project management. Project
manager plays a key role in managing the project. They forecast
all the risks that might arise during the production process and
ensure that all the risks are addressed with a proper plan. By
following a good project management structure the employees
will have a good understanding about their roles and
responsibilities, they will also be aware of the schedule of the
deliverables and will have the opportunity to plan their schedule
accordingly. A good project management structure ensures that
the project is completed within specified time period and within
budget.
5. Project management is the application of
processes, methods, skills, knowledge and
experience to achieve specific project objectives
according to the project acceptance criteria within
agreed parameters. Project management has final
deliverables that are constrained to a finite
timescale and budget.
9. I. Little and Mirrle’s classification
Quantifiable projects
If the benefits of the projects are assessable in quantitative
terms, such projects are quantifiable. For example-power
generation project, mineral development, and industrial
development projects etc.
Non-quantifiable projects
The projects in which the quantitative assessment of
benefits is not possible are non-quantifiable projects. For
instance-educational project, health project ,defense project
etc.
10. II. Sectoral project
The Planning Commission of India has classified the
projects on sectoral basis, for the purpose of allocation of
scare resources at macro level, as under
Agriculture and Allied Sector
Irrigation and Power Sector
Industry and Mining Sector
Transport and Communication Sector
Social Services Sector
Miscellaneous Sector
11. III. Techno-economic projects
Factor-intensity oriented classification
Capital-intensive projects
Labour-intensive projects
Causation-oriented classification
Demand based projects - If there is an increasing demand
for certain goods or
Raw materials based projects - If the availability of specific
raw materials or
Magnitude oriented classification - Under this category, the
projects are
12. IV. Financial Institutions Classification
Profit-oriented projects
New Projects
Development / Expansion Projects
Modernization / Technology Projects
Diversification Projects
Service-oriented projects These include the following
Welfare projects
Service projects
Research and Development projects
Educational projects.
13. Space
National Highway Development Programme
Konkan Railway Project
Delhi Metro Rail Corporation
Bandra Worli Sea Link
Super Critical Thermal Power Plants
Telecom Networks Indian Software Capabilities
Biotechnology
Nationwide new Township Development
Huge Retail Development
14. A project is an economic activity with well defined
objectives and having specific beginning and end and
Project management is all about creating an environment
and conditions in which to achieve a particular goal or
objective - in a controlled manner with a team of people.
When you're familiar with what project management
entails, from the process to mitigating all that can possibly
(and often does) go wrong, you affect the end result -
whether you're engaged in a project methodology for the
first time or a seasoned pro.
15. Project Management Handbook Version 1.1 - July 2006 -
Wouter Baars
PROJECT MANAGEMENT - By Neha Tikoo
Concept of Project - Project Management, Entrepreneurship
& Small Businesses| Edu Rev Entrepreneurship & Small
Businesses
Project Management - Adrienne Watt
The practical guide to project management - Christine
Petersen, PMP