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Effective Project Planning Strategies

Project planning and management is a scientific method to optimize resources, costs, and time. It involves planning, execution, controlling, and closing a project. Project management ensures projects are profitable, competitive, and delivered on time by identifying activities, estimating durations, forecasting resources, preparing budgets, updating status, and revising plans when needed. Project management is useful in many fields like construction, innovation, software, and event management. It is an essential tool when work is bound by time, resources, and budgets.

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Mahesh Mohan
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108 views20 pages

Effective Project Planning Strategies

Project planning and management is a scientific method to optimize resources, costs, and time. It involves planning, execution, controlling, and closing a project. Project management ensures projects are profitable, competitive, and delivered on time by identifying activities, estimating durations, forecasting resources, preparing budgets, updating status, and revising plans when needed. Project management is useful in many fields like construction, innovation, software, and event management. It is an essential tool when work is bound by time, resources, and budgets.

Uploaded by

Mahesh Mohan
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

Project Planning and Management

1
Project Planning
and
Management
If you fail to plan you
are planning to fail
Project Planning and Management
2
Project Planning & Management
This ensures
you are profitable
you are competitive
you deliver as planned, on time & all the time

Is a scientific method to optimize
resources, cost & time.

Project Planning and Management
3
Time
Cost Scope
Quality
Project focuses
Project Planning and Management
4
Knowledge
Skills
Techniques
Project Activities
Needs Expectation
Project Planning and Management
5
PROJECT MANAGEMENT
Construction
Innovation
Production
Maintenance
Software
New Product
Event Management
Finance
PPM is useful in day to day life. Some common application areas .....
Project Planning and Management
6
Understanding Projects
Initiation
Planning
Execution
Controlling Closure
Project Planning and Management
7
Project Management implies
PLANNING

1. Identifying activities
2. Estimating activity duration and sequence
3. Forecasting resources (men and material)
4. Preparing budgets
Project Planning and Management
8
Project Management implies
EXECUTION

1. Update activity status
2. Revise plans when needed
3. Monitor & communicate

Project Planning and Management
9
Scheduling

Establishing relationship between activities
Preparing Schedules
Identifying critical activities
Revising schedules when needed
Analyzing scheduling flexibility with slack values
Project Planning and Management
10
Resource Management
Define resources
Assign resources to tasks
Analyze resource distribution
Trace over allocated resource and idle resources
Level resources
Project resource requirement and revise
schedules
Project Planning and Management
11
Estimate Cost
Estimate Project cost based on
Resource usage
Additional overheads
Variable resource rates
Overtime rates

Project Planning and Management
12
Status Updating
Tracking progress
Comparing plan with actual performance
Analyze schedule and cost variances
Controlling project by corrective actions


Project Planning and Management
13
Nine Areas of Knowledge
PROJECT
Integration
Quality
Cost
Time Scope
Procurement
Risk
HR
Communication
Project Planning and Management
14
PPM - is an essential tool
If your work is bound by

Time
Resource (men and material)
Cost (budget)

Then you need it
Project Planning and Management
15
PPM - an essential tool for
Project Managers
Project Planning , Scheduling Engineers
Building Contractors
Architects
Event Managers
Production Planning Engineers
Project Planning and Management
16
PPM - an essential tool for
Software Developers
Engineering professionals with flair to work on
projects
Management Professionals

Everyone in an organization..
Project Planning and Management
17
A
E
H
B
C
F
G
D
S
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0
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2 3
7
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3
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18
5
22
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1
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10
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14
7
10 4
6
1
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17 9
0
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Critical Path S E F G D Duration 22 days
Project Planning and Management
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After training on PPM
1. Stay ahead of time, way ahead of others

Forecast you processes sooner than they are
commenced

Manage your workforce effectively

Ensure quality delivery of your project &
products
Project Planning and Management
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After training on PPM
Gain good recognition & reputation for your
team and for your company

Power drive your managerial skills with soft
tools.

You are equipped with the skill that companies
need.

Grab opportunities within India and abroad

Project Planning and Management
20

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