Project Management Chapter One BBA .pptx

Project Management Chapter One BBA .pptx

1. PROJECT PLANNING & MANAGEMENT: GOLLIS UNIVERSITY FACULTY OF BUSINESS & ECONOMICS SEMESTER SIX

2. CHAPTER 1: INTRODUCTION TO PROJECT MANAGEMENT: Management Key management concepts Functions of management Comparison of 20th and 21st century organizations 2 GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND

3. CHAPTER 1: GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 3 INTRODUCTION TO PROJECT MANAGEMENT

4. CHAPTER OBJECTIVES: GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 4 At the end of this Chapter, you should able to: Identify the meaning of the word “Management” Explain Management Concepts Discuss the Functions of Management Distinguish between the 20 th and 21 st Century Organizations.

5. WHAT IS MANAGEMENT? Management is the art of getting things done through and with people in formally organized groups. Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims towards any project. It is the art of creating an environment in which people can perform as individuals and yet cooperate towards the attainment of group goals. 5 GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND

6. Management as a Process: GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 6 According to this, management is the process of using organizational resources to achieve the organization’s goals through planning, organizing, staffing, leading, and controlling . It is thus, a set of activities directed at an organization’s resources with the aim of achieving organizational goals in an efficient and effective manner.

7. Management as People: GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 7 This refers to a group of people who engage in the Process of Management.

8. Key Management Concepts: GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 8 Organization: It comprises of people working together and coordinating their actions to achieve specific goals. Goal: A desired future condition that the organization seeks to achieve. Resource: An asset, competency, process, skill, or knowledge controlled by organization. Various types of resources that an organization possesses are as follows: People Information Machinery Financial capital Raw Materials

9. Evolution of Management Concept in the Modern Era: GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 9 Frederick Taylor – Father of Scientific Management was a Mechanical Engineer. He invented high speed steel cutting tools. He got the opportunity to know first hand problems and attitudes of the workers. Based on these he identified that in order to improve the quality of management, the major concern was to increase efficiency in production, lower cost, raise profits through higher productivity, and also increase the pays/salaries of the workforce.

10. GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 10 Taylor’s message of management was to give people their best opportunities to be productive, and in turn reward workers for their individual productivity. This increase in labor productivity is not possible without the following: Providing sufficient or full rewards Adequate trainings Continuous managerial support Thus, Fredrick Taylor concluded that “low productivity in any project is matter of ignorance on part of labor and management”.

11. Key Aspects of the Management Process: GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 11 The key aspects of the Management Process can be explained with the help of the following diagram:

12. Functions of Management: GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 12 The process of management consists of four basic managerial functions. These are: Planning Organizing Staffing Directing/Leading Controlling

13. Management Functions: Planning, Organizing, Leading & Controlling: GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 13

14. Levels of Management: GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 14 Top Level Middle Level First-line Level Operatives

15. Economic And Social Forces Driving Need For Major Changes in Organizations: GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 15   

16. CONCLUSION : In the light of the above discussions on the concepts and aspects of management, we can conclude that effective management is inevitable in every organization. 16 GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND

17. DISCUSSION QUESTIONS: Critically discuss the concept of management from your own perspective. Is management negative or positive to organizational existence? Discuss. Discuss the importance of management to organizations. 17 GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND

18. GOLLIS UNIVERSITY, BURAOCAMPUS, SOMALILAND 18 END