Term Paper
For
Project Management
SubmitTo:Md.Abdullah Al-Hasan
Lecturer: BBA, MBA (Finance & Banking, CU)
School of Business (UITS)
Subject: “Project Management Practices in Bangladesh”
Submitted By:
Name of Student: Mahmud
Name of Program: EMBA
ID No: 09335018
Batch No: 22nd
Semester: 3rd Semester (Fall-2009)
Date of Submission: 1st January, 2010
Project Management Practices
Project management is defined by the set of principles, methodologies, procedures and practices used to ensure that "projects" are completed on time, on budget and as required. To qualify as a project, the designated initiative must have specific goals, a clear beginning and end, assigned resources, and an organized sequence of activities, tasks and events.
Project Management Practices Start With the Basics
When addressing project management practices, the best place to start is with a few definitions of project management terms.
Task - an individual item of work that has a beginning and an end.
Duration - the amount of time it takes to do a task.
Resources - the people or things [machinery, equipment, conference room] that actually perform the work of each task within allotted time and cost.
Phases or Categories - groups of related tasks; a series of events for one phase that must be completed before the next phase [group of related tasks] can begin. Each phase is a complete cycle, at a minimum--
Project planning phase
Project execution phase
Project closure phase
.although there can be many more phases. Each phase has a review process at its end and it produces a deliverable or product. .
Milestone - an important event; can be marked as the beginning or end [sometimes both] of an event or series of events; usually a major stage of completion, often associated with a deliverable.
Project Management Practices - Define Project Well
Project - work that is not