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Unit IV

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Page 1: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

Unit IV

Page 2: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

Concept of Project

Meaning of Project:• A project is a temporary assignment which consumes

resources like time, money, labor hours and technology.

• A project is an integration and collection of multiple tasks.

Page 3: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

New Product Development

Generating New Product Ideas

Idea Screening

Concept Development

Business /Market Analysis

Actual Product Development

Market Testing

Commercialization

Page 4: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

Generating New Ideas

Ideas from customers

Ideas from dealers

Market Research People

Idea generating Techniques

Brain Storming

Delphi Technique

Page 5: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology
Page 6: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

Project Life Cycle

Page 7: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

Project Life Cycle

Page 8: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

8

Developing the WBS Work Breakdown Structure

Page 9: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

Project Management

Page 10: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

DEFINITIONS

Project Management’s FIVE processes

The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service.

Initiating a projectPlanning the projectExecuting the project/planControlling execution of the project/planClosing the project

Page 11: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

DEFINITIONS

Project Management’s THREE elements

The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service.

TasksResourcesTime

Page 12: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

DEFINITIONS

Project Management success factors

The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service.

On time deliveryWithin budget deliveryHigh quality delivery

Page 13: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

PM Fundamentals

Page 14: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

PM Fundamentals

Page 15: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

Project Life Cycle

5. Requirements

Page 16: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

Project Life Cycle

Testers

PMs

Programmers

Art

Page 17: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

Project Life Cycle

Page 18: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

Project Life Cycle

Page 19: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

PIBOK Five Processes

Initiating Process

Planning Process

Executing Process

Controlling Process

Closing Process

Page 20: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

PM Fundamentals

http://whitepapers.businessweek.com/viewer/viewDocument.do?accessId=8820599

Page 21: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

PM Fundamentals

Page 22: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

PM Fundamentals

Page 23: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

PM Fundamentals

Page 24: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

PM Fundamentals

Page 25: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

PM tools

Page 26: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

PM Tools

Page 27: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

Thank you for your attention

This Concludes Today’s Presentation

Page 28: Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology

• Develop a plan to create a Wiki for a Project assignment.

• What would the requirements look like?

Lab Exercise 1