Unit IV. Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology.

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Presentation transcript:

Unit IV

Concept of Project Meaning of Project: A project is a temporary assignment which consumes resources like time, money, labor hours and technology. A project is an integration and collection of multiple tasks.

New Product Development  Generating New Product Ideas  Idea Screening  Concept Development  Business /Market Analysis  Actual Product Development  Market Testing  Commercialization

Generating New Ideas  Ideas from customers  Ideas from dealers  Market Research People Idea generating Techniques  Brain Storming  Delphi Technique

Project Life Cycle

8 Developing the WBS Work Breakdown Structure

Project Management

DEFINITIONS Project Management’s FIVE processes The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. Initiating a project Planning the project Executing the project/plan Controlling execution of the project/plan Closing the project

DEFINITIONS Project Management’s THREE elements The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. Tasks Resources Time

DEFINITIONS Project Management success factors The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. On time delivery Within budget delivery High quality delivery

PM Fundamentals

Project Life Cycle 5. Requirements

Project Life Cycle Testers PMs Programmers Art

Project Life Cycle

PIBOK Five Processes Initiating Process Planning Process Executing Process Controlling Process Closing Process

PM Fundamentals

PM Fundamentals

PM tools

PM Tools

Thank you for your attention This Concludes Today’s Presentation

Develop a plan to create a Wiki for a Project assignment. What would the requirements look like? Lab Exercise 1

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