AN OVERVIEW OF PROJECT MANAGEMENT
Definition: It means managing a project where a project is set of activities set up to accomplish certain objectives.
Project management is planning, organizing , staffing , directing and controlling some parts of an organization to finish the project within the laid constraints.
Every project has four phases.
1.conception and selection
2.planning and scheduling
3.implementation
4.monitoring and controlling
Final evaluation and termination
Ethics in project management
Following rules and regulations
Code of conduct
Uniformity and transparency
Safety and security
Project resource allocation
PEST ANALYSIS
1.Political and legal factors
2.Economic factors
3.Socio cultural factors
4.Technological factors
Market and Demand Analysis
Identifying the market.
Deciding the market strategy
Conducting a market study
Market Research with Primary DATA
1.Specification of data requirement
2.Design of the sample
3.Mode of collecting Data
4.Conducting survey and obtain Data
5.Analysis and Conclusion
Project procurement management
Project procurement planning.
1.scope statement
2.product or service description
3.procurement resources
4.Market conditions
Make or Buy analysis
Expert judgement
Project procurement process
1.Listing
2.Coding
3.Placing orders
4.Expediting
5.Taking Delivery
PLANT LOCATION
1.Location of Markets
2.Transportation costs
3.Availability of labour
4.Availability of infrastructure
5.Intangible factors
Financial projections
The financial projections of a project are very essential to make a forecast about it expected costs and benefits. The amount required for various components contributing to the cost of the project such as land and site development.
Plant and machinery
Preoperative expenses
Fixed assets, preliminary expenses is decided
Provision for contingencies to be made
The expected profitability is calculated by estimating the sales value and the cost of production.
A great deal of care is necessary in making financial projections because based on these decisions, one can determine whether the project is financially feasible or not
Means of finance
1.Equity capital
2.Preference Capital
3.Debenture capital
4.Term Loans
5.Unsecured loans
6.Deposits
7.Leasing and Hire purchase
Project appraisal by financial Institutions
1.Market appraisal: to check whether demand and selling price projections made by the borrower are reliable
2.Technical appraisal:
Location
Land and site development
Buildings
Technology and manufacturing process
Foreign collaborations
Installed capacity
Plant and machinery
Raw material
Manpower requirement
3.Financial appraisal
1.Cost of the project
2.Means of finance
3.Projected working results
4.Economic appraisal
5.Manaerial appraisal
Detailed project Report
1.General Information
Name
Constitution and sector
Location
Nature of industry and product
Promoters and their contribution
Cost of project and means of finance
2.Promoter’s Details
3.Marketing and selling arrangement
4.Particulars of project
Product mix and capacity
Location and site
Plant and machinery
Raw materials
Utilities
5.Technical arrangements
6.production process
7.Environmental aspects
8.Schedule of implementation
9.Cost of the project
10.Means of finance
11.Profitability estimates
Assumptions
Projected income statement
Projected balance sheet
Projected cash flow statement
12.Appraisal based on profitability estimates
13.Economic considerations
Definition: It means managing a project where a project is set of activities set up to accomplish certain objectives.
Project management is planning, organizing , staffing , directing and controlling some parts of an organization to finish the project within the laid constraints.
Every project has four phases.
1.conception and selection
2.planning and scheduling
3.implementation
4.monitoring and controlling
Final evaluation and termination
Ethics in project management
Following rules and regulations
Code of conduct
Uniformity and transparency
Safety and security
Project resource allocation
PEST ANALYSIS
1.Political and legal factors
2.Economic factors
3.Socio cultural factors
4.Technological factors
Market and Demand Analysis
Identifying the market.
Deciding the market strategy
Conducting a market study
Market Research with Primary DATA
1.Specification of data requirement
2.Design of the sample
3.Mode of collecting Data
4.Conducting survey and obtain Data
5.Analysis and Conclusion
Project procurement management
Project procurement planning.
1.scope statement
2.product or service description
3.procurement resources
4.Market conditions
Make or Buy analysis
Expert judgement
Project procurement process
1.Listing
2.Coding
3.Placing orders
4.Expediting
5.Taking Delivery
PLANT LOCATION
1.Location of Markets
2.Transportation costs
3.Availability of labour
4.Availability of infrastructure
5.Intangible factors
Financial projections
The financial projections of a project are very essential to make a forecast about it expected costs and benefits. The amount required for various components contributing to the cost of the project such as land and site development.
Plant and machinery
Preoperative expenses
Fixed assets, preliminary expenses is decided
Provision for contingencies to be made
The expected profitability is calculated by estimating the sales value and the cost of production.
A great deal of care is necessary in making financial projections because based on these decisions, one can determine whether the project is financially feasible or not
Means of finance
1.Equity capital
2.Preference Capital
3.Debenture capital
4.Term Loans
5.Unsecured loans
6.Deposits
7.Leasing and Hire purchase
Project appraisal by financial Institutions
1.Market appraisal: to check whether demand and selling price projections made by the borrower are reliable
2.Technical appraisal:
Location
Land and site development
Buildings
Technology and manufacturing process
Foreign collaborations
Installed capacity
Plant and machinery
Raw material
Manpower requirement
3.Financial appraisal
1.Cost of the project
2.Means of finance
3.Projected working results
4.Economic appraisal
5.Manaerial appraisal
Detailed project Report
1.General Information
Name
Constitution and sector
Location
Nature of industry and product
Promoters and their contribution
Cost of project and means of finance
2.Promoter’s Details
3.Marketing and selling arrangement
4.Particulars of project
Product mix and capacity
Location and site
Plant and machinery
Raw materials
Utilities
5.Technical arrangements
6.production process
7.Environmental aspects
8.Schedule of implementation
9.Cost of the project
10.Means of finance
11.Profitability estimates
Assumptions
Projected income statement
Projected balance sheet
Projected cash flow statement
12.Appraisal based on profitability estimates
13.Economic considerations