Page 75 - DMGT521_PROJECT_MANAGEMENT
P. 75

Project Management




                    Notes          his responsibility to pay for someone’s mistake. Project management is associated with imparting
                                   the duties and responsibilities for a manager. The duties and responsibilities of a project manager
                                   have been studied by many management experts and are made to suit business in the  most
                                   effective ways. Those aspiring to be project managers have to learn to be on an eternal vigil,
                                   develop a vision, take proactive decisions and understand the diversity in training.  Project
                                   management is a discipline of planning, organising and managing a specific task and bring
                                   about its completion with Excellency.




                                     Notes  A  project manager  is the  person who takes ownership of a  project within  the
                                     boundaries set by the project committee, the donors and the trustees.

                                   Self Assessment

                                   Fill in the blanks:
                                   1.  Project Manager ………………… and responsibilities are closely related to each other.

                                   2.  A manager is someone who  manages the  five Ms of a  …………………, namely  men,
                                       material, machine, money and motivating factors.
                                   3.  Project managers also manage projects related to the fields of …………………, sales and
                                       services.
                                   4.  Duty is a task performed by a person out of his ………………… profile and responsibilities
                                       are obligations for which he is accountable.
                                   5.  The  duties  and  responsibilities  of  a  project  manager  have  been  studied  by  many
                                       ………………… experts and are made to suit business in the most effective ways.

                                   5.3 Delegation of Authority


                                   Authority is the key to managerial job. It denotes the right to make  decision and command
                                   subordinates to confirm these decisions. When the office manager is over burdened with official
                                   assignments, he may allocate or divide it among the subordinates to get the work done by them.
                                   The process of allocation of office work among the subordinates is called delegation of authority.
                                   So delegation of authority means giving the subordinate authority to do something which the
                                   executives do not have time to do. The process of delegation gives a gain to the subordinates
                                   because they become closer with the supervisor.
                                   Delegation of authority involves:
                                   1.  Assigning of duties to subordinates.
                                   2.  Delegating required amount of authority to the subordinate to enable them to discharge
                                       the duties assigned to them.
                                   3.  Assumption of responsibility by the subordinates.





                                      Task  Discuss about Delegation of Authority.







          70                                LOVELY PROFESSIONAL UNIVERSITY
   70   71   72   73   74   75   76   77   78   79   80