What is a Project ?

A Project has some  or all of these features :

Unique, non-repetitive

Multiple Products                   =  coordination

Multiple  Linked Tasks

Multiple  Agencies                    = Complexity

Limited time                              =prioritasation

Limited  Rescources                 =optimisation

Engineering

Process Know-how

Planning  and controlling

Unknowns, Risks

Definition   :    “A  Set of  co-ordinated activities,with a specific start and finish, pursuing a specific goal with constraints on time,Cost and Resources”(ISO 8402)

“A management environment that is created for the purpose of delivering one or more business products according to a specified business case”

Keys to successful PM :

1)  Planning,Doing,Controlling

2) Right actions at right time

3) Working systematically-not intuitively

4) Managing time and resources

5) Risk  Management

6 ) Managing Claims

Milestone  Process  Project Management :

Pre-Acquisition—–Project Acquisition—-Bid Preparation—-Contract Negotiation—-Project Handover—-Project Opening & clarification——Detail Planning——Sourcing & Manufacturing—-shipment—–Erection/Installation——–Commissioning——Acceptance test—–Warranty period

There are 2 phases of the Project  : 1)   Realization Phase     2)  Operation Phase.

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