1. Unit IV

2. 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.

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

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

6. Project Life Cycle

8. 8 Developing the WBS Work Breakdown Structure

9. Project Management

10. 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

11. 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

12. 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

13. PM Fundamentals

15. Project Life Cycle 5. Requirements

16. Project Life Cycle Testers PMs Programmers Art

17. Project Life Cycle

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

20. PM Fundamentals http://whitepapers.businessweek.com/viewer/viewDocument.do?accessId=8820599

21. PM Fundamentals

25. PM tools

26. PM Tools

27. Thank you for your attention This Concludes Today’s Presentation

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