mahesh ladda synopsis on project management in construction

8/12/2019 Mahesh Ladda Synopsis on Project Management in Construction

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Synopsis

On

Management Control of Projects

in Construction Industry

Submitted to

The Director,

School of commerece and management

YCMOU, Nashik.

As parital fulfillment for the award of

Master of Business Administration(MBA)

By : _________________________PRN :________________________

Under the Guidance of

Dr /mr/mrs:________________________


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A) INTRODUCTION :

Project management is the application of

knowledge, skills, tools, and techniques to project activities in order to meet orexceed stakeholders needs and expectations from a project. (PMBOK 1996)

Project management involves more than just what a project manager does, all

team manager engage in some level of project management, whether meeting

deadline, communicating with others, or estimating task durations. Everyoneinvolved in the project contributes to its success.

To understand project management you must understand the term project. The

definition of a project is a unique endeavor to produce a set of deliverableswithin a clearly specified time, cost and quality constraints. (Project managementguidebook, empowering managers to succeed 2003, PMG 2003)

A project is a series of tasks, arranged in a defined sequence or relationship that

produces a pre-defined output or effect. A project always has a start, middle andan end (Project management Institute, Body of Knowledge 1999, PMBOK)

The difference between a project and standard business operations are shownbelow in bullet form;

Unique in Nature. They do not involve any repetitive processes. Everyproject undertaken is different from the last, where as operational activities

often involve undertaking repetitive (identical) processes.

Have a defined timescale. Projects have a clearly specified start and enddate within which the deliverables must be produced to meet a specified

customer requirement.

Have an approved budget. Projects are allocated a level of financialexpenditure within which the deliverables must be produced to meet a

specified customer requirement.

Have limited resources. At the start of a project an agreed amount oflabour, equipment and material is allocated to the project.


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Involve an element of risk. Projects entail a level of uncertainty andtherefore carry business risk.

Achieve beneficial change. The purpose of a project, typically, is toimprove an organization through the implementation of business change.

IMPORTANCE :

Commitment of funds and other resources is significant in most projects. In a competitive business scenario, new projects are essential for acquiring

a competitive edge over the competitors.

Successful project-as defined in terms of meeting the expectations oftime,cost,benefits and quality standards-is very important for the growth of

the firm. Sometimes one single failed project may fail a company or one

successful project can change the fortune of the company.

A successful project creatsshareholders value. New project signifies growth of the firm; a growing firm offers growth

opportunities for individuals working in the company; a growing firm is

better positioned to attract good manpower.

Project activities break routines of the firm, which is important inmaintaining the agilty of the firm.

SIGNIFICANCE:

The construction industry is essential to the develop of citiescommunities,residences and industry, although it is also one of the mostdangerous

Someone in the organisation needs to establish a vision of what needs to beachieved, put in place the high level objectives that then need to be

undertaken, make sure that programmes and projects have the right

funding.

Resources (including skilled people, processes/procedures, infrastructureand support functions) to make the necessary changes (project management

is essential a mechanism of making 3rganization changes .


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Deleivering products/services to Customers - whether internal or external);act as an arbiter in the case of conflict of issues and be the decision maker

in the case of escalations. Management perform a number of other

functions (to name but a few) such as political negotiations with Customers

and Suppliers, enable inter-company communications, perform very useful

stakeholder management unctions, sponsor projects and undertake portfolio

management functions, set business goals to their subordinates, keep track

of external factors that make affect the company (political, economic,

sociological, technical, legal and environmental/ethical), in order to keep

the wheels of the business going.

B) RATIONALE

Coordination among several departments and external agencies involved inthe project is very difficult.

Contract management, as a part of project management is extremelydifficult.

An ongoing project is more likely to create liquidity stress via pressure onthe working capital, for the current operations.

Allocation of internal resources for a big project may be done at the cost ofsmall and routine capital expenditure, which may damage the current shape

of business.

It is easier to get distracted during the project implementation phase,rendering the project unviable.

Organizational structure for projects and that for routine businessoperations are essentially different.this duality often cause problems in

simultaneously managing operations and projects.

C) OBJECTIVE :

The project plan is the key document in the projects successful management and

is developed at the initial project stage. This document is an organic one and is

developed as the project develops.

The two major processes are;


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Project plan developmenttaking the results of other planning processesand putting them into a consistant, coherent document.

Project plan executioncarrying out the project plan by performing theactivities included therein.

The project plan provides a statement of how and when the project objective are

to be achieved, by detailing the major milestones, products activities andresources on the project. It is a customized document developed for each projectfrom a standard template, tailored to suit the project.

Guide project execution. Document project planning assumptions. Document project planning decisions regarding alternatives chosen. Facilitate communication among stakeholders. Define key management reviews as to content, extent and timing. Provide a baseline for progress measurement and project control.

D) HYPOTHESIS :

THE PRIMARY HYPOTHESIS:

states that construction project management

requires industry specific knowledge, specifically when managing projects in the

built environment industries.

SECONDARY HYPOTHESIS :

The study aims:

To establish the importance of knowledge for a project manager working on

built environment projects.

To establish and propose NQF levels for the required knowledge

To develop a construction project management model.

To increase the effectiveness of the project and probability of project success.


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E)RESEARCH METHODOLOGY:

.It is important for research to know not only the research method but also know

methodology. The procedures by which researcher go about their work of

describing, explaining and predicting phenomenon are called methodology.

Methods comprise the procedures used for generating, collecting and evaluating

data. All this means that it is necessary for the researcher to design his

methodology for his problem as the same may differ from problem to problem.

Data collection is important step in any project and success of any project will

be largely depend upon now much accurate you will be able to collect and how

much time, money and effort will be required to collect that necessary data, this

is also important step.

Data collection plays an important role in research work. Without proper data

available for analysis you cannot do the research work accurately.

Research needs to determine how data will be collected and interpreted. The data

that is needed should be determined, as well as where the data is located, how the

data will be obtained and how it will be interpreted

1) Primary data:In the literature section information was obtained using books, internet websites,

articles, research papers and scientific journals. The tools used to obtain these

resources were the library, the library catalogue and databases like SABINET,

also accessible through off campus computers and the internet. In total 288

literature resources were reviewed.

2) Secondary data collection:

The secondary data are those which have already collected and stored.

Secondary data easily get those secondary data from records, journals, annual

reports of the company etc. It will save the time, money and efforts to collect

the data. Secondary data also made available through trade magazines, balance

sheets, books etc.

The data collection was aimed at study of project management in constructionindustries.


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F) EXPECTED CONTRIBUTION

Both table work as well as field work will be needed for this project work. So

that data collection will be made through various refereance Books, newspapers,web site and also we have to visits to various indutries, companies

Etc.

For the project we taken guildlines from the persons who completedMBA and some more teachers who have perfect knowledge about the company.

We thankful to our senior students, study centre sir whichs gives more

contribution to fullfil the project.

G) CHAPTERISATION:

1.Executive summary2.Industry Profile3.Bank profile4.Research methodology5.Data collection methodology6.Analysis and interpretation7.Findings and problem8.Suggestion9.Conclusion10. Bibliography

mahesh ladda synopsis on project management in construction

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