PROJECT MANAGEMENT

MEANING, DEFINITION AND ITS CHARACTERSTICS NAME: AMIT DADWAL, ABHINANDAN DHIMAN ROLL NO. : 2 , 1 CLASS : MBA 2ND (A)

INTRODUCTION OF PROJECT MGT Project identification is the first stone to be laid down in setting up an enterprise. A project in simple words, is a plan or idea intended to be carried out. The success or failure of an enterprise depends on its identification of the project.

MEANING OF PROJECT MGT

A project is a scheme, design or a proposal of something intended or devised to be achieved. A project is a whole complex activities involved in using resources to gain benefits.

CHARACTERSTICS OF PROJECT MGT

OBJECTIVES SUCCESSIVE

LIFE SPAN
SINGLE ENTITY TEAM WORK LIFE CYCLE UNIQENESS CHANGE PRONE

CUSTOMER

ORIENTED UNITY SUB CONTRACTING RISK AND UNCERTAINTY

TYPES OF PROJECTS
Quantifiable projects: Non-quantifiable

The projects, where it is possible to make a quantative assessment of benefits, are called quantifiable projects like project concerned with industrial development, power generation, etc.

Projects: The projects where the assessment of benefits is not possible, the projects become non- quantfiable projects like project comprising health, education, welfare etc.

SECTORAL PROJECTS
Indian planning commission has made another classification of projects. According to this classification, a project may fall in any one of the following categories: 1. Agriculture sector. 2. Irrigation and power sector 3. Industry and mining sector 4. Transport and Communication sector 5. Social services sector 6. Miscellaneous sector

TECHNO- ECONOMIC PROJECTS

FACTOR INTENSITY- ORIENTED PROJECTS: Magnitude- oriented classification:

It categorize the project into capital intensive or Labor intensive. If large investment is made in plant and machinery, the project is called capital intensive. On the other hand if large labour is used than it will be labour intensive.

It

will classified the projects on the basis of size of investement involve in the projects. On the basis of this classification the project can be a large scale or small scale projects.

STRATEGIC AND TACTICAL INVESTMENT

A strategic investment is one that has an significant impact on the direction of the firm. The decision of textile company to invest in a readymade garments factory may be regarded as the strategic investment. A tactical investment on the other hand , deals implementing a current strategy as efficient or as profitably as possible. An investment in a textile company to replace old machines to improve the productivity is a tactical investement.

THANKS