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Project Management: Ali Salman

The document discusses project management and the typical project life cycle. It describes the life cycle as consisting of four main phases: [1] Concept, [2] Development, [3] Implementation, and [4] Termination. Each phase involves specific activities like planning, design work, construction, and documentation. The document emphasizes that the potential for reducing costs is highest during the early concept and development phases, when alternatives can be evaluated and economic analyses performed before significant resources are invested. However, some stakeholders prefer to begin implementing without thorough planning.

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Asad Zahid
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75 views16 pages

Project Management: Ali Salman

The document discusses project management and the typical project life cycle. It describes the life cycle as consisting of four main phases: [1] Concept, [2] Development, [3] Implementation, and [4] Termination. Each phase involves specific activities like planning, design work, construction, and documentation. The document emphasizes that the potential for reducing costs is highest during the early concept and development phases, when alternatives can be evaluated and economic analyses performed before significant resources are invested. However, some stakeholders prefer to begin implementing without thorough planning.

Uploaded by

Asad Zahid
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
You are on page 1/ 16

PROJECT MANAGEMENT

ASST PROF. ENGR


LECTURE 03
ALI SALMAN
alisalman@
ceme.nust.edu.pk
DEPARTMENT
DEPARTMENT
OF
OF
ENGINEERING
ENGINEERING MANAGEMENT
MANAGEMENT
COLLEGE
COLLEGEOFOFEE&&ME,
ME,NUST
NUST

1
Topics Covered

Project Life Cycle


Project Phase Activities

2
PROJECT LIFE CYCLE

A project is by definition a
temporary endeavor, which
means it has its own life
cycle.

3
ALI SALMAN
Micro and Macro Views
Macr
o Steps Two (Generic)
view
Phases Four (Generic)

Stages Five to Ten or More


(Industry Specific)
Tasks Many
Micro
view (Project Specific)

Generic means applicable to any sort of


project
4
ALI SALMAN
Project Steps

The PM process, over the course of


this life cycle, can be grouped into two
sequential yet overlapping steps

1. Planning
2. Accomplishment

5
ALI SALMAN
Project Phases

The sequential steps can be further


broken down into four distinct phases in
time through which any project passes.

1. Concept
2. Development
3. Implementation
4. Termination

6
ALI SALMAN
Project Stages and Tasks

In practice, on most projects, the four


phases need to be broken down into
greater detail.

Each phase can be broken into a


number of stages and further broken
down into tasks.

7
ALI SALMAN
PROJECT PHASE ACTIVITIES
Concept Phase
The concept phase is when a need is
identified and background data are collected.

At this point in a project, there is an attempt to


determine if a problem exists.

Goals and objectives are developed during


this phase, and initial plans are developed as
well. Some field work can be done in this
phase i.e. data collection
8
ALI SALMAN
Important Note:

It should be noted that the project can be


terminated within this or any other phase of
the project.

For instance, an environmental project


could be terminated at the concept phase
because contamination was not found at
the site.
9
ALI SALMAN
Development Phase
In development phase more detailed planning
occurs. By this point, the problem has been
identified and a need has been established.

The question at this point is:


What is the best manner to go about solving this
problem or satisfying our need?

Economic studies are often performed in this


phase, as well as an evaluation of alternatives.
Detailed design will also be performed in this
phase. ALI SALMAN
10
Implementation Phase

Construction activities often occur


and the detailed design plans are
implemented in this phase.

11
ALI SALMAN
Termination Phase
The termination phase is the point where
the results of the project are documented,
resources are released, and responsibility
for the newly developed product is
transferred.

For example, if the project were to build a


new chemical manufacturing plant, it is at
the termination phase that the plant would
be placed in the hands of the new
operators.
12
ALI SALMAN
Potential for reducing costs over
time
The possibility of identifying a strategy that
has the potential for reducing overall costs
is greatest during the first two phases of a
project, conception and development. This
is because during the early phases:

Alternatives are evaluated


Economic analysis can be performed
The least amount of labor hours per unit of
time is required
The least amount of money is invested
Even though the potential for reducing costs
is greatest in the beginning, many
customers and project managers for that
matter often choose to forego planning.
Why?
They prefer an attitude of Lets just do it
This is because many people do not view
planning as work or accomplishing any
thing and there is a strong desire to see
something tangible towards project
completion.
Potential for reducing costs over
time
Discussion

16
ALI SALMAN

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