22.6 Project Management in Theory
22.6.1 Introduction
Generally, the manager, at one time, was happy in just noting the time of arrival and
departure of employees and knowing that the work was handled in a routine way to
his entire satisfaction.
Eventually, the manager found out that his organisation could benefit if he did
carry out other activities or did something more.
In present day terms, management involves:
(1) Planning
(2) Organising
(3) Co-ordinating
(4) Controlling
(5) Leading
Similarly, so as to ensure that the project is properly implemented, it is essential
that basic management rules are applied to the project.
22.6.2 The Project Management Cycle
At an initial stage, there are some needs which could be satisfied through some
project. At least, this is the general feeling. Figure 22.4 shows the general procedure
Parameter
Time
g(t) – f(t), but could be
the difference between
any other two lines
Fig. 22.3 Net effect of the
project, g(t) – f(t)
22.6 Project Management in Theory
635
22.6.1 Introduction
Generally, the manager, at one time, was happy in just noting the time of arrival and
departure of employees and knowing that the work was handled in a routine way to
his entire satisfaction.
Eventually, the manager found out that his organisation could benefit if he did
carry out other activities or did something more.
In present day terms, management involves:
(1) Planning
(2) Organising
(3) Co-ordinating
(4) Controlling
(5) Leading
Similarly, so as to ensure that the project is properly implemented, it is essential
that basic management rules are applied to the project.
22.6.2 The Project Management Cycle
At an initial stage, there are some needs which could be satisfied through some
project. At least, this is the general feeling. Figure 22.4 shows the general procedure
Parameter
Time
g(t) – f(t), but could be
the difference between
any other two lines
Fig. 22.3 Net effect of the
project, g(t) – f(t)
22.6 Project Management in Theory
635