Project Management & Development Methodology - Part I

03.09.2012

Project Management & Development Methodology - Part I

This is the topic we discussed today. We discussed what does mean by project and project management.

There can be variety of projects like academic projects, contraction projects and so on.

We discussed what is project and project management among the class. Students were come up with different different meanings. According to that we identified below statements.

Project.

• Projects are come up with different different parties.
• Project is something that has a clear time frame, budget and overall goal (Which you need to achieve).
• Project is not a systematic thing.

Project Management.

• Project management is a systematic thing, it works according to the time period and it always expected outcome.

Stages of Projects.

• Initiation.
• Planning.
• Controlling.
• Completing.

Lets assume that we are organizing a party. Below describe the four stages of the project according to that party.

Initiation.

Initiation defines that what kind of a party we are going to have, what is the budget, venue of the particular party and when it is having.

Planning.

When it comes to the second stage, date will be fixed. Time frame should be the first day until the date of the party. It must be little bit with collaboratively. Need to plan for the below mention things.

• Find a place.
• Define the theme.
• Search sponsors and advertisements outcomes.
• Print tickets.
• Sell tickets.
• Party get merchandise.
• Decorate.
• Need to get a entertainment, food and music.

To arrange these things need to set of the people for the each tasks and divided the budget.

Controlling.

• Someone need to be looking after budget and time frame.
• All your activities will go according to that.
• How to manage new requirements.
• Whether you achieve all these within budget.

Completing.

• While completing the bigger problem in software projects is not identify the preliminary ideas and from the  begging, in the mid time period new requirements will be added.
• So you need to arrive to the win win situation for the both parties.
• Need to navigate with it.

Project scope and feasibility.

Scope.

• Scope defines what you are going to do.
• New requirements adds then need to expand the scope.
• Scope defines what you are deliver as well.
• If you are really define the scope it identify what you does in both start and end points of the project.

Feasibility.

Feasibility checks  whether the project is worth while to perceive. There are five types of feasibility.

1. Technical feasibility.

          ex:  NANO technology established at APIIT.

                - We don't have expertise and items.

                - We can't afford to the tests.

     2.  Operational feasibility.

          - Will this project actually solve the business problems.

          - How it impact to company.

     3.  Economical feasibility.

          - Associated with cost and benefits.

          - Costs divided in tangible costs and intangible costs.

          - Benefits also come up with tangible costs and intangible costs.

          - Cost benefit analysis methods.

                     --> NPV

                     --> IRR

                     --> Pay back analysis.

                     --> Benefit cost ratio.

                     --> ROI - Return of investment.

     4.  Schedule feasibility.

          -  Whether you can finish it within the time period.

     5.  Social feasibility.

          - Government use it.

          - Need to look at whether people like it or not.

Defining Goals and Aims.

Goals need to be SMART.

          - Make aims specific.

          - Make aims measurable.

          - Make aims achievable.

          - Make aims realistic.

          - Make aims with in the given time period.

          - Methodology will describe how you will attempt to achieve the aims design to problem solving.

Project Management.

Project management is disciplined of planning, organizing, managing and controlling resources to achieve project goals.

Aims activities must be completed with the time and budget of the project.

How do you Plan to Manage Your Project.

1. Need to identify what are the activities of your work.

          - Clearly identify the project plan.

          - Check the quality of the work.

          - Have quality assurance in certain intervals.

     2.  Control the project.

          - Use case tools.

                  ex: Used computer aged software engineering case tools.

                               --> Visio.

                               --> Project tracking gannt chart.

                               --> Rational tool.

          - Need to check resources loading. It's based on the payments.

     3.  Make sure that it is finish on time period.

          - Human resources are not be under pressure.

     4.  Need to do a risk assets plan.

          - Don't wait until something happened.

          - Identify what kind of risks that can be uncounted.

          - Use risk mitigation strategies.

          - Identify how are you going to address it.

     5.  Make sure you adapt a methodology.

Learning gain of the Lecture.

Learn about what is project, project management, stages of project management, scope, aims and feasibility of project management.

Personal Opinion.

Interesting lesson to make a good final year project proposal.