In the post-economic liberalisation ers, "Project Management" is a subject that is assuming greater importance and is bound to be one of the dominant topics of discussion and study during the 21st Century. This is as it should be, with the accelearted growth of industry in particular and economy in general in India. Project management is a critical tool for the success of ventures. Its importance enhances with the growth of business activities as well as projects. More importantly, project management is the bridge which connects the strategic vision to desired business outcomes. With shrinking project outcomes, shifting global trends and an uncertain economy, organisations and governments must shift their thinking and embrace project management as a strategic competency that can reduce risk, cut costs and improve success rates.
Project management is no longer about managing the sequence required to complete the project in time. It is about systematically incorporating the voice of the customer, creating a disciplined way of prioritising efforts and resolving trade-offs, working concurrently on all aspects of the project in multifunctional teams. It also involves closer links between project team and downstream activities.
Project management is a specialised branch of management is a specialised branch of management capable of differentiation from others based on a variety of factors. Project management includes planning, organising, directing and controlling activities in addition to motivating what is usually the most expensive resource on the projects. The project planning involves deciding what has to be done, when and by whom. The resources then need to be organised through activities, such as producrement and recruitment. Directing their activities towards a coherent objective is a major management role. The activities also need controlling to ensure that they fit within the limits (e.g., financial) set for them. The three phases of project management are design it, do it, and develop it. They represent a chain of activities related to project management.
The study consists of Thirteen Chapters grouped into four cohesive modules, covering various aspects like project management.
Module One - Introduction to Project Management and Project Initiation
1. Introduction to Project Management
2. Organisational Structure (Project Organization)
3. Project Initiation
Module Two - Analysing Project Feasibility
4. Project Feasibility Analysis
5. Market Analysis
6. Technical Analysis
7. Operational Analysis
Module Three - Budgeting, Cost and Risk Estimation in Project Management
8. Funds Estimation in Projects
9. Risk Management in Projects
10. Cost Benefit Analysis in Projects
Module Four - New Development in Project Management
11. Modern Development in Project Management
12. Project Monitoring and Control
13. Project Termination and Solving Project Management Problems