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The Importance of Project Management for Industries

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The Importance of Project Management for Industries
Project Management

Post-Graduate Diploma in Business Management

(Year 2011-13)

Dr. V K Gupta

Institute of Management Technology
Ghaziabad

Course Background and Objectives:

Project management has become crucial for operations in industries such as construction, information technology, IT, hospitality, and engineering and new product development. At one time project management was limited to civil and construction engineering programs where it was highly quantitative and technical. Modern day project management is applied to all areas with same level of success as in the established fields. The project management is essentially management of change while running a functional or an ongoing business is managing a continuum.

The project management has evolved recently into a full discipline of its own. PMI USA has been a pioneering organization to structure the project management methodology in a formal form. The project management methodology is being applied to projects in all spheres of business and industrial activities as well as in non conventional areas such as hospital, hospitality, space research, banking, healthcare, agro marketing and others.

This course given an insight into the elements of project management, how it relates to the overall long term goals of an organization and how to successfully achieve objective of an organization within constraint of time and cost.

The broad objectives are to learn:
What is project management and why we need to use it
How it relates to organization Strategy
Process of Project portfolio management
Project scope management
Principles of work breakdown structure
Project time and cost management
Leadership and team building in projects
Projects life cycle
Project activity cost and time estimation and scheduling
Projects monitoring and control
Risk management in projects and how to prevent project from failing
Managing international projects

Pedagogy The

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