2. Project Definition, Characteristic Features & Classification.ppt

Project management is the use of specific knowledge, skills, tools and techniques to deliver something of value to people. The development of software for an improved business process, the construction of a building, the relief effort after a natural disaster, the expansion of sales into a new geographic market—these are all examples of projects.

1. PROJECT
Definition, Characteristic
Features & Classification

2. PROJECT : Definition
TheProjectManagementInstitutePMI,USAdefinesproject:
•“Aprojectisatemporaryendeavorundertaken
tocreatea"unique"product,serviceorresult”
•“Aprojectisaseriesofactivitiesdirectedto
accomplishmentofadesiredobjective.”
•“Aprojectisaoneshot,timeconsuming,goaloriented
majorundertaking,requiringthecommitmentofvaried
skillsandresources.”

3. About projects
•A project is a ‘non-repetitive’ activity.
•It is a goal oriented –it is being pursued with a
particular end or goal in mind.
•It has a particular set of constraints-usually
centered around time and resources.
•The output of the project is measurable.

4. •Aprojectcanbedefinedasacomplexofnon
routineactivitiesthatmustbecompletedwitha
setamountofresourcesandwithinasettime
limit.
•Aprojectisinitiatedtoachieveamission-
whateverthemissionmaybe.Aprojectis
completedassoonasthemissionisfulfilled.A
projectisnotaphysicalobjective,norisitthe
endresult-ithastodosomethingwiththe
going-oninbetween.
•Aprojectisaninvestmentmadeonapackage
ofinterrelatedtimeboundactivities,
consequently,aprojectbecomesatimebound
task.

5. CHARACTERSTICS / FEATURES OF
A PROJECT
•Objective
•Life span
•Single entity
•Life cycle
•Uniqueness
•Uncertainties & risks
•Team work
•High level of sub contracting
•Complexities
•Focused

6. PROJECT FAMILY TREE
Plan (Vision)
↓
Programme (Objective)
↓
Project (Specific Target)
↓
Work Package (Discrete Package)
↓
Task (Activity Composite)
↓
Activity (Action on Ground)

7. CLASSIFICATION OF PROJECTS
Quantifiable and Non-Quantifiable Projects
SectoralProjects
oAgriculture and allied sector
oIrrigation and power sector
oIndustry and Mining sector
oTransport and Communication sector
oMiscellaneous sector
Techno-Economic Projects
oFactor intensity oriented projects
oCausation oriented projects
oMagnitude oriented projects

8. CATEGORIES OF PROJECTS
•National International
•Non-Industrial Industrial
•Level of Technology
Low Technology
Conventional Technology
High Technology
Non-conventional Technology
•Size (Budget)
Small Medium
Major Mega

9. Financial Institution’s Classification of Projects
New projects
Expansion projects
Modernization projects
Diversification projects
Service Projects
Welfare projects
Research and Development projects
Educational projects