Project

A Project
A project is temporary attempt to accomplish unique purpose.

Project Management
Application of Knowledge, skills, tools and techniques for project activities to meet or exceed project Requirements.

Why Project Management is necessary?
To control the project
Create ownership
Define beginning and end
Create focus, team, motivation
Assign priority
Recognition of achievement

What is successful project?
Deliver its functionalities
Implement according to the budget, according to technical specification on schedule
Achieved its business purpose and objectives
Meet quality requirements
All the parties (Stakeholders, users, project team and sponsors) are happy during the project and the outcome of the project
Cancel project can also be consider as a successful project if it is cancel based on a reason and terminated effectively.
Project must commercially profitable for the contractor.

Why projects are failed?
Poor estimations and plans
Poor role definition
Management ignorance of IT
Lack of knowledge on domain area
Changing requirements
Lack of quality control
Lack of communication

Success factors of the project
Executive support
User involvement
Experienced project manager
Clear business objectives
Minimised scope
Standard software infrastructure
Formal methodology
Reliable estimates

Project Life Cycle
The collection of logical phases that maps life of the project from beginning to the end.
•Define project goals
•Plan the project
•Execute the plan
•Close the project
•Evaluate the project

Product development life cycle
•Planning
•Analysing
•Designing
•Implementing
•Maintain and support
Product life cycle is a part of Project life Cycle