Page 22 - DMGT521_PROJECT_MANAGEMENT

Unit 1: Introduction to Projects

Operating Necessity: If a flood is threatening the plant, a project to build a protective dike does Notes
not require much formal evaluation.
Payback Period: The payback period for a project is the initial fixed investment in the project
divided by the estimated annual cash inflows from the project.
Social Issues: A project can only be successful when there is no conflict between the management
and the local populace.

1.13 Review Questions

1. Define the term “Project Management”.
2. Explain about the responsibilities of a project Manager.

3. Discuss about Project Management as a Profession.
4. Describe about the selection of a Project Manager.
5. Explain about fitting projects in the parent organisation.
6. Discuss about Project Management Team.
7. What are the phases of Project Management?

8. Discuss about the Project Environment.
9. Describe about the 7S of Project Management.

Answers: Self Assessment

1. Project Management 2. Management
3. Project Manager 4. HRD

5. Automotive 6. False
7. False 8. True
9. Goal 10. Project
11. Physical 12. Project Supervisors

1.14 Further Readings

Books Clements/Gido, Effective Project Management, Thomson
Clifford F. Gray and Erik W. Larson, Project Management, Tata McGraw Hill
Dennis Lock, Project Management, Ninth Edition, Gower
K. Nagarajan, Project Management, Third Edition, New Age International
P.C.K. Rao, Project Management and Control, Sultan Chand & Sons

Prasanna Chandra, Projects – Planning, Selection, Financing, Implementation, and
Review, Sixth Edition, Tata McGraw Hill
Vasant Desai, Project Management, Second Revised Edition, Himalaya Publishing
House

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