Modern Project Management

Cover
......Page 1
Preface
......Page 6
Contents
......Page 8
1.1 Introduction
......Page 16
1.2 Challenges in Project Management
......Page 17
1.3 Role of Liberalization and Globalization
......Page 19
1.4 Foreign Investment in Projects
......Page 20
1.5 Project Imports and Import Substitution
......Page 21
1.7 Public Sector Projects
......Page 22
1.7.1 The Importance of 3E’s
......Page 23
1.7.2 Disadvantages of Public Corporations
......Page 24
1.8 Project Management vs. Functional Management
......Page 25
1.11 Zero Date of a Project
......Page 28
1.13.1 Advance Actions
......Page 29
1.14 Performance Indicators
......Page 30
2.1 Project Characteristics
......Page 32
2.2 Project Objectives and Functions
......Page 34
2.3 Project Classification
......Page 35
2.4 Project Life Cycle
......Page 36
2.4.1 Project Life Cycle Curve
......Page 37
2.4.3 Project Cycle for an Engineering Project
......Page 40
2.6. Elements of Project Management
......Page 41
2.7 Techniques for Project Management
......Page 42
2.8 Roles and Attributes for Project Manager
......Page 43
3.1 Government Regulations
......Page 46
3.2.2 Identify Potential Problems
......Page 47
3.3.2 Selection Criteria
......Page 48
3.4.1 Payback Put off or Recoupment Period
......Page 49
3.4.4 Internal Rate of Return
......Page 50
3.4.10 Profitability Index
......Page 51
3.5 Establishing the Project Scope
......Page 52
3.6 Project Feasibility Report
......Page 54
3.7 Market and Demand Study
......Page 55
3.8.1 General Sources of Secondary Information
......Page 57
3.9 Social Cost Benefit Analysis (SCBA)
......Page 58
3.9.1 Approaches to SCBA
......Page 59
3.10 Project Cost Estimates
......Page 60
3.10.1 Accuracy of Costs with Types of Estimates
......Page 61
3.10.2 Comparison of Cost Estimation and Costing (Cost Accounting)
......Page 62
3.11.1 CBA Might Include the Following
......Page 63
3.11.2 Cost-Benefit Analysis Steps
......Page 64
3.12 Source of Finance
......Page 65
3.13 Financial Structure
......Page 66
3.14.1 National Financial Institutions
......Page 67
3.15 Demand Forecasting
......Page 68
3.15.3 Linear Trend Using Least Square Method
......Page 69
4.1 Project Planning
......Page 76
4.2.1 System Characteristics
......Page 78
4.5 Design of Systems
......Page 79
4.6 Project Management System
......Page 80
4.7.1 Work Breakdown Structure Development
......Page 82
4.9 Resource Planning
......Page 83
4.10 Schedule Development
......Page 84
4.10.1 Schedule Inputs......Page 85
5.1.2 When to Delegate?
......Page 86
5.2 Documenting Project Authority
......Page 87
5.3.1 Moslow’s Hierarchy of Needs
......Page 88
5.4 Organization Structures
......Page 89
5.4.1 Line and Staff Organization
......Page 90
5.4.3 Project Management as Specialized Staff Function
......Page 91
5.4.4 Matrix Organization
......Page 92
5.4.6 Totally Projectized Organization
......Page 93
5.5 Comparison of Functional, Matrix and Project Organization
......Page 94
5.6 Project Manager’s Duties: Multidisciplinary in Nature
......Page 96
5.7 Methods and Techniques for Developing Project Managers
......Page 98
6.2 Bar Chart
......Page 100
6.3 Management Efforts Schedule
......Page 101
6.3.1 Project Direction
......Page 102
6.3.3 Project Control
......Page 103
6.4 Progress Measurement
......Page 104
6.5 Project Control Through Line of Balance (LOB)
......Page 105
6.6 Committed Activity Targets and Reserved Activity Targets (Cats and Rats)
......Page 106
7.2 Contracts
......Page 108
7.4.1 Pre-qualification of Contractor
......Page 110
7.4.4 Selection of Contractor
......Page 111
7.5.1 Responsibility or Scope of Work
......Page 113
7.6 Types of Contracts
......Page 114
7.6.6 EPC (Engineering, Procurement and Construction)
......Page 115
7.8 Sub-Contract
......Page 116
7.11 Retention
......Page 117
7.14 Boot Projects
......Page 118
7.14.3 Advantages of BOOT Projects
......Page 119
8.2 Factors Responsible for Project Failure
......Page 121
8.3.2 Cost Overrun
......Page 122
8.4 Approaches to Performance Analysis
......Page 123
8.5.1 Do It Yourself Trap
......Page 125
8.5.2 The Turn-key Trap
......Page 126
8.6.1 Administrative Closure
......Page 129
8.6.2 Financial Closure
......Page 130
8.6.4 Celebration of Success
......Page 131
9.1 Transition from Gantt Chart to Network Diagram
......Page 133
9.3 Scheduling
......Page 134
9.4 Network Based Scheduling Techniques
......Page 135
9.6.1 Symbols Used in Network
......Page 136
9.8 Networking Conventions: AON and AOA
......Page 138
9.9 Rules for Network Construction
......Page 139
9.11 Statistical Method of Deriving: Single Time Estimate
......Page 140
9.12.1 Total Float
......Page 141
9.12.3 Independent Float
......Page 142
9.12.5 Time Scale Representation of Floats and Slacks
......Page 143
9.13.2 Backward Pass (LF, LS)
......Page 144
9.14 Probability of Completion Time
......Page 145
9.15 Crashing of Network (Time Cost Relationship)
......Page 158
9.16 CPM Updating a Project
......Page 164
9.16.1 Data Required for Updating
......Page 165
9.18 Resource Smoothing
......Page 168
9.19 Illustrative Case Study
......Page 171
10.3 MRP Versus Order–Point Systems
......Page 180
10.4 Aggregate Planning
......Page 181
10.5 Material Requirement Planning (MRP or MRPI) 
......Page 182
10.6 Capacity Requirement Planning (CRP)
......Page 183
10.9 Benefits of MRP
......Page 184
10.12 Comparison Between MRP-I and MRP-II
......Page 185
10.13.1 Evolution of ERP
......Page 186
10.15.1 The 7 R’s of Re-engineering
......Page 188
10.15.3 The Re-engineering Process
......Page 189
11.2 Internet
......Page 191
11.3 Network of Networks
......Page 192
11.4 Common Protocols Used in Internet
......Page 193
11.5.1 Electronic Mail
......Page 194
11.5.9 World Wide Web
......Page 195
11.7 Intranet
......Page 196
11.8.3 Reduced Costs
......Page 197
11.9 Electronic Commerce (E-Commerce)
......Page 198
11.10 E-Cash
......Page 200
11.11 Electronic Data Interchange (EDI)
......Page 201
11.12 Information Technology Act
......Page 202
12.1 Introduction
......Page 204
12.4 Quality Attributes for Products and Services
......Page 205
12.5 Cost of Quality
......Page 206
12.7 Evolution of Quality Management
......Page 208
12.9 TQM Triangle
......Page 210
12.9.2 Axioms 2: Scientific Knowledge
......Page 211
12.10 Major Consequences of Total Quality
......Page 212
12.11 Valuable Tools for Quality
......Page 213
12.13 Deming Approach
......Page 214
12.14 Quality Circles: Small Group Activities
......Page 215
12.16 ISO 9000 Certification: a Business Decision
......Page 216
12.16.2 Quality System
......Page 217
12.16.3 Advantages of ISO 9000 Certification
......Page 218
12.16.4 There are 3 Forms of Certification
......Page 219
12.16.5 Eight Steps to ISO 9000 Certification
......Page 220
13.1.1 Information at Initiation Stage
......Page 221
13.1.2 Information at Planning Stage
......Page 222
13.1.3 Information at Execution Stage
......Page 223
13.1.4 Information at Control Stage
......Page 224
13.2 Computer Project Management System (CPMS)
......Page 225
13.2.3 Prism
......Page 226
13.3 Future of Project Management
......Page 227
Appendix A: Financial Assistance Application Procedure
......Page 228
Appendix B: Areas of the Standard Normal Distribution
......Page 232
Appendix C: The Present Value of one Rupee......Page 234
Bibliography
......Page 236