introduction to project management by no
escape what is a project a project is a
temporary endeavor which has a definite
beginning and end that is carefully
planned by dividing into several phases
to give out a unique output power
projects different from operations
projects are temporary they create
unique products and are closed after
attaining the objectives
whereas operations are ongoing processes
they are repetitive and the objective is
to sustain business meet Jen Jen is an
automobile designer who comes up with a
brand new design of a car
her team collaboratively comes up with a
plan and creates a prototype of the car
creation of the prototype of car was a
short-term temporary process the
prototype developed was unique and the
project ended after the prototype was
developed let us consider that Jen now
has an idea of mass producing these cars
then she sets up a factory with an
assembly line and she succeeds in
manufacturing cars every day mass
production of cars is an ongoing process
the assembly line repetitively produces
cars the objectives of this process is
to sustain business of selling cars
what are the phases of the project
management projects are divided into
phases such as initiating planning
executing monitoring and control process
closing collection of these phases are
called as a project life cycle the
phases sounds simple enough
so why manage a project here are the
statistics only one out of four projects
that enter development make it to the
market
31 percent of the IT projects are
cancelled before completion large
organizations net only 42 percent of the
original features and functions in the
end product why do projects fail failure
and projects can be due to various
reasons let's see some of them failure
in time management John has the dream of
constructing a beautiful home for
himself
he starts it at a young age but does not
plan it correctly even after him
reaching his old age due to improper
time management his dream house could
not be completed failure in cost
management Jamie wants to buy a
beautiful dress for an upcoming party
she plans to go to a nearby mall to make
the purchase since she does not properly
plan the costs involved during shopping
she ends up buying a lot of stuff with
all the money left with her
failure and scope management Jack wants
to buy a shiny new convertible car so
that his wife and him can go on long
drives but in less than a year they have
a child and now the convertible car does
not seem to be the correct choice for
the family failure in quality management
Jon spends a lot of money in buying a
big home since he did not check the
quality of the home before he bought it
it collapses completely in a few months
after his purchase who will rescue us
from all these problems who is the one
who manages everything in a project the
one person to save us from all of these
problems is the project manager what are
the skills of the project manager let's
see what are the powers our superhero
the project manager have leadership
communication information technology
accounting purchasing problem solving
let's review some important points in
project management let's take the
earlier example of a creation of new
design of a car it is a temporary
process it started with the idea of the
car and ended after the mock-up was made
this project gave a unique prototype of
the car during the development the
project was divided into many phases
like ideation planning etc
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