What is Project Management?
Project : A group of milestones or phases,
activities or tasks that support an effort to
Management : is the process of Planning,
Organizing, Controlling and Measuring
What is a Project?
Project Time Management
Project time management involves the
processes required to ensure timely
completion of a project. Processes
Activity duration estimating
Developed in 1950s
CPM by DuPont for chemical plants
PERT by U.S. Navy for Polaris missile
CPM was developed by Du Pont and the emphasis
was on the trade-off between the cost of the project
and its overall completion time (e.g. for certain
Line of Balance (LOB):
Line of balance (LOB) was devised by George E. Fouch during the
1940s to monitor production at the Goodyear Tire & Rubber
The line-of-balance (LOB) technique is a linear scheduling method
that allows the balancing of the
1. A communication management plan identifies the relevant information that should be communicated to:
a. the project team.
b. the project stakeholders.
c. the project board.
d. the project sponsor.
2. Which one of the following statements is true?
Chapter 5 Project Planning
If you dont plan for the
project, you are planning for
Plans act as a road map of
complicated process to
Chapter 5 Planning
6 Stages of Project
Preliminary coordination with
The Linear Responsibility Chart
indicates, for each task, who is responsible for what.
Identify all possible roles, then for each task you identify
who will play which role.
It is called linear because you are not assigning
sequence, just assigning rol
V P B Chakravarthi . K
project is a series of activities
directed to accomplishment of a
Plan your work first.then work
Network analysis is th
There are several reasons to use considerable care when planning
The primary purpose of planning is to establish a set of
directions in enough detail to tell the project team exactly what
must be done
The purpose of planning
The stock exchange is a highly organised market for the purchase and sale
of second hand quoted or listed securities. Stock exchange is a market in
which securities are bought and sold and it is an essential component of a
Small Scale and Village Industry
All the industrial policy resolutions have emphasized the
importance of developing the village and small industries. The
Small scale industries have a place of pride in our economy.
They have a high potential for generatin
The part of the economy that is owned by
the state or that it is communally owned,
including the national provincial and local
authorities and public entities.
One of the three sectors of the economy,
consisting of government and gove
Reliance Industries Ltd.
Summary Of Case
Reliance the biggest private owned group of India
Founded by Dhirubhai H Ambani in 1967 .
Involved in production of oil and gases refining and
Intellectual property rights
Department of IP &P covers
The Patents Act, 1970 (as amended in 2005)
The Patents Rules, 2003 (as amended in 2006)
The Designs Act, 200
MONETARY AND FISCAL
Inflation is a rise in the general
level of prices of goods and
services in an economy over a
period of time. When the price
level rises, each unit of currency
buys fewer goods and services. A
chief measure of price
Object of industrialisation to attain
higher levels of economic well-being
GLoalisation, liberalisation and
Adaptability of each country depends
largely on ability of each co
to a company or firms that engages
largely or exclusively in the manufacture of
products. An industrial company, for
example, makes a good, which it then sells
either to retailers or directly to consumers
or sellers independently strive for the
particular business objective for
Is the foundation of an efficient w
Capital markets are a sub-part of the financial
system. Conceptually, the financial system
includes a complex of institutions and
mechanism which affects the generation of
savings and their transfers to thos