=>INTRODUCTION OF PROJECT: Project management is an essential skill-set for many careers
and in many contexts in our lives. Introduction to Project Management is an ideal starting point if
you need to manage projects at work or at home, while not necessarily being a formally trained
project manager. It is also suitable if you are considering undertaking a project in the near future
and are seeking to learn and apply essential project management knowledge and skills.
=>TYPES OF PROJECTS: 1)Balancing Project: Augmenting or strengthening the capacity of
particular area within a chain of entire production plant with a purpose of scaling to the capacity in
order to have optimum utilization, is balancing project. 2)Modernization Project: Upgrading the
technology to increase the productivity and inevitable approach of technology is called
modernization project. 3)Expansion Project: When the production capacity of goods and services is
to be increased, the project that is undertaken is known as expansion project. 4)Diversification
Project: Project undertaken by the organization to completely divert from its core business is called
diversification project. For example, if a Petroleum company decides to enter into Information
Technology business, then the project will be known as diversification project.
=>VARITIES OF PROJECTS: 1)Project at personal level 2)Projects in local neighborhood 3)
Organizational projects 4) National projects 5) Global projects
=>PRODUCTION MANAGEMENT: In any manufacturing system, the job of a Production
Manager is to manage the process of converting inputs into the desired outputs.
=>SOURCES OF IDEA GENERATION: 1) Observation: is the active acquisition of information
from a primary source. In living beings, observation employs the senses. In science, observation can
also involve the recording of data via the use of instruments. The term may also refer to
any data collected during the scientific activity. 2) Prior experience: formal existing or happening
before something else, or before a particular time 3) filling in existing gap 4) conversion of waste
into wealth 5) Adoption of technology 6) trade fair: it is an exhibition organized so that companies
in a specific industry can showcase and demonstrate their latest products and services, meet with
industry partners and customers, study activities of rivals, and examine recent market trends and
opportunities. 7) Trade journal: a periodical containing news and items of interest concerning a
particular trade. 8) Government publication: as used in this chapter, means informational matter
which is published as an individual document at Government expense, or as required by law. 9)
Brainstorming: Process for generating creative ideas and solutions through intensive and
freewheeling group discussion.
=>CRITERIA IN SCREENING PROJECT: 1) Investments 2) Rate Of Return 3) Risk 4) Likely
Profit 5) Payback 6) Similarity To Existing Barriers 7) Expected Life 8) Flexibility 9) Environment
Impact 10) Competition
=>SCREENING AND EVALVATION OF IDEAS OR PROJECTS: 1) Screening of selected ideas 2)
Scale of evaluation 3) Scoring of alternative project 4) selected alternatives which can be applied
easily
