CONTENTS

Unit 1 Introduction to Project Management                                        13
Introduction
Concept of Project
Characteristics or Attributes of a Project
Project Management
Importance and Need for Project Management
Objectives of Project Management
Key Knowledge Areas in Project Management Roles and Responsibilities of a Project Manager
Challenges in Project Management
Benefits of Effective Project Management
Project Life Cycle
Project Planning
Need for Project Planning
Objectives of Project Planning
Monitoring and Control
Objectives of Monitoring and Control
Key Activities in Monitoring and Control
Tools and Techniques Used in Monitoring and Control
Identification of Investment Opportunities
Sources of Investment Ideas
Screening and Selection of Opportunities
Project Evaluation
Objectives of Project Evaluation
Types of Project Evaluation
Techniques of Project Evaluation
Project Termination
Types of Project Termination
Project Management Information System
Meaning of PIMS
Objectives of PIMS
Importance of PIMS
Characteristics of PIMS
Components of PMIS
Functions of PMIS
Benefits of using PMIS
How PMIS Supports the Project Life Cycle
Pre-Feasibility Study
Challenges of Implementing a PMIS
Objectives of a Pre-Feasibility Study
Importance of a Pre-Feasibility Study
Methodology of Conducting a Pre-Feasibility Study

Limitations of a Pre-Feasibility Study
Review Questions
Unit: 2  Project Preparation                                                           55
Introduction
Project Preparation
Feasibility Study
Types of Feasibility Study
Market Feasibility
Aspects of Market Feasibility Study
Tools and Techniques Used in Market Feasibility Study
Technical Feasibility
Objectives of Technical Feasibility Study
Tools and Techniques Used in Technical Feasibility Study
Financial Feasibility
Estimation of Cost
Key Components of a Cost Estimate
Advantages and Disadvantages of Cost Forecasting
Demand Analysis
Demand Analysis and Commercial Viability
→Steps in Demand Analysis
Objectives of Demand Analysis
→ Factors Influencing Demand
→Techniques of Demand Forecasting
Commercial Viability
→ Factors Affecting Commercial Viability
→Tools for Assessing Commercial Viability
Importance of Demand Analysis and Commercial Viability
Estimation of Fund Requirement
Steps Involved in Estimating Fund Requirements
Estimation Techniques of Fund Requirements

Importance of Accurate Estimation
Sources of Funds
Review Questions
Unit 3  Project Appraisal                                                                    101
Project Appraisal
Introduction
Objectives of Project Appraisal
Need and Significance of Project Appraisal
Method of Project Appraisal/ Principles of Project Appraisal
Steps or Stages in Project Appraisal
Factors Influencing Project Appraisal
Limitations of Project Appraisal
Indicators Used in Project Appraisal
Environmental Analysis
Need for Environmental Analysis
Components of Environmental Analysis
Process of Environmental Analysis
Techniques of Environmental Analysis
Environmental Impact Assessment (EIA)
Challenges in Environmental Analysis
Significance of Environmental Analysis in Sustainable Development
Social Cost and Benefit Analysis and Approaches
Objectives of SCBA
Need and Importance of SCBA
Rationale for SCBA
Arriving Net Benefit of Project to Society
Factors which Complicate SCBA
Importance of Social Cost-Benefit Analysis
The Methodologies used for SCBA
Tools and Techniques Used in Social Cost-Benefit Analysis (SCBA)
Shadow Pricing
Importance of Shadow Pricing in SCBA
Estimation of Shadow Price
Social Discount Rate
Approaches to Estimate SDR
Factors Affecting the Choice of SDR
Importance of SDR
Review Questions
Unit: 4 Issues in Project Planning and Management                                   151
Introduction
Importance of Project Planning
Challenges and Issues in Project Planning and Management
Interrelationship between Cost, Time and Quality
Significance of Structured Tools and Techniques
⇒ Cost and Time Management Issues in Project Planning and Managemen
Time and Cost Management
Importance of Time and Cost Management for Projects
Challenges of Time and Cost Management for Projects
Balancing of Time and Cost Constraints without Compromising Quality
Tools and Techniques for Predicting Project Costs and Timelines
Interrelationship between Cost and Time Management
Strategies for Effective Cost and Time Management
Emerging Trends in Cost and Time Management
Work Breakdown Structure
Meaning of WBS
Purpose for Creating a WBS for Projects
Components of WBS
Characteristics of a Good WBS
➡Types of WBS
Importance of WBS in Project Management
Rules and Guidelines for Constructing a WBS
Process of Create a WBS
Pitfalls to Creating WBS
Project Scheduling
Importance of Project Scheduling
Steps in Project Scheduling
Scheduling Techniques
→Program Evaluation and Review Technique (PERT)
→Critical Path Method (CPM)
Network Diagram
Project Schedule Network Diagram
Types of Network Diagrams
Benefits of a Network Diagram
Constructing a Project Network Diagram
Critical Path Analysis
Program Evaluation Review Analysis
Review Questions