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Project Managemnet Essay

2004 words - 9 pages

PROJECT---
* ACCORDING TO THE PROJECT MGMT. INSTITUTE USA A PROJECT IS AN ENDEAVOR TO ACOMPLISH A SPECIFIC OBJECTIVE THROUGH A UNIQUE SET OF INTERRELATED TASKS AND THE EFFECTIVE UTILISATION OF RESOURCES.
* THE WORLD BANK HAS DEFINED PROJECT AS AN APPROVAL FOR A CAPITAL INVESTMENT TO DEVELOP FACILITIES TO PROVIDE GOODS AND SERVICES.

* IT HAS A WELL DEFINED OBJECTIVE STATED IN TERMS OF SCOPE ,SCHEDULE, AND COSTS.
* PROJECTS ARE “BORN”WHEN NEED IS IDENTIFIED BY THE CUSTOMER -- THE PEOPLE OR ORGANISATION WILLING TO PROVIDE FUNDS TO HAVE THE NEED SATISFIED.
* IT IS THE PEOPLE (PROJECT MANAGER AND PROJECT TEAM) NOT THE PROCEDURES AND TECHNIQUES THAT ARE CRITICAL TO ...view middle of the document...

G PROJECTS CONCERNED WITH INDUSTRIAL DEVELOPMENT,POWER GENERATION,MINERAL DEVELOPMENT FALL IN THIS CATEGORY.
NON-QUANTIFIABLE PROJECTS ARE THOSE IN WHICH SUCH AN ASSESSMENT IS NOT POSSIBLE E.G PROJECTS INVOLVING HEALTH, EDUCATION, AND DEFENCE .
2. SECTORAL PROJECTS---
A PROJECT UNDER THIS CLASSIFICATION FALLS INTO ANY ONE OF THE FOLLOWING SECTORS---
(A) AGRICULTURE SECTOR
(B) IRRIGATION AND POWER SECTOR
(C) INDUSTRY AND MINING SECTOR
(D) TRANSPORTATION AND COMMUMICATION SECTOR
(E) SOCIAL SERVICE SECTOR
3. TECHNO ECONOMIC PROJECTS
THREE MAIN GROUPS OF CLASSIFICATION ARE
(A) FACTOR INTENSITY ORIENTED CLASSIFICATION—ON THIS BASIS PROJECTS MAY BE CLASSIFIED AS CAPITAL INTENSIVE OR LABOUR INTENSIVE DEPENDING UPON WHETHER LARGE SCALE INVESTMENT IN PLANT AND MACHINERY OR HUMAN RESOURCES ARE INVOLVED
(B) CAUSATION ORIENTED CLASSIFICATION---PROJECTS ARE CLASSIFIED AS DEMAND BASED OR RAW MATERIALS BASED PROJECTS ---DEPENDING ON THE NON –AVAILABILITY OF CERTAIN GOODS OR SERVICES.
(C) MAGNITUDE ORIENTED CLASSIFICATION—HERE THE SIZE OF INVESTMENT FORMS THE BASIS OF CLASSIFICATION .PROJECTS
MAY BE CLASSIFIED AS LARGE SCALE, MEDIUM SCALE OR SMALL SCALE PROJECTS DEPENDING UPON THE TOTAL PROJECT INVESTMENT.
(D) FINANCIAL INSTITUTIONS CLASSIFICATION
ALL INDIA AND STATE FINANCIAL INSTITUTIONS CLASSIFY THE PROJECTS ACCORDING TO THEIR AGE AND EXPERIENCE AND THE PURPOSE FOR WHICH THE PROJECT IS BEING TAKEN UP.
THEY ARE AS FOLLOWS
A) NEW PROJECTS
B) EXPANSION PROJECTS
C) MODERNISATION PROJECTS
D) DIVERSIFICATION PROJECTS
THE ABOVE PROJECTS ARE GENERALLY PROFIT ORIENTED.
(E) SERVICES PROJECTS
THE SERVICES ORIENTED PROJECTS ARE CLASSIFIED AS UNDER
(A)WELFARE PROJECTS
(B)SERVICE PROJECTS
(C)RESEARCH AND DEVELOPMENT PROJECTS
(D)EDUCATION PROJECTS.

DIMENSIONS OF A PROJECT
1. THEY BECOME THE CATLYTIC AGENTS OF ECONOMIC DEVELOPMENT
2. THEY INITIATE THE PROCESS OF DEVELOPMENT ---PRODUCTION, EMPLOYMENT, INCOME GENERATION ETC.
3. THEY HAVE CONSEQUENCES WHICH ARE LONG TERM IN NATURE
4. PROJECTS PROVIDE THE FRAMEWORK OF THE FUTURE ACTIVITIES OF THE ENTERPRISES.
5. THEY INITIATE DEVELOPMENT OF BASIC INFRASTRUCTURE AND ENVIRONMENT
6. PROJECT COMMITMENTS CANNOT BE EASILY REVERSED
7. PROJECTS ACCELERATE THE PROCESS OF SOCIO-CULTURAL DEVELOPMENT.
CREATION OF A PROJECT FIG
* PROJECT IS VIEWED AS A CONVERSION OR TRANSFORMATION OF SOME FORM OF INPUT INTO AN OUTPUT.
* THE FIGURE SHOWS THE INPUTS ARE SOME FORM OF WANT OR NEED WHICH IS SATISFIED THROUGH THIS PROCESS OF CONVERSION.
* THE PROJECT WILL TAKE PLACE UNDER A SET OF CONTROLS OR CONSTRAINTS.—WHICH ARE ELEMENTS FROM OUTSIDE THE PROJECT
* THE MECHANISMS ARE THOSE RESOURCES THAT MAKE THE CONVERSION PROCESS POSSIBLE.

INPUTS-----
* FOR A PROJECT THERE WILL BE SOME FORM OF PROJECT BRIEF—A DOCUMENT WHICH PROVIDES A...

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