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Prasad B

Roll No-35

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What is Project Management?y Project management includes activities to ensure that

goals are consistently being met in an effective and

efficient manner.y Project management can focus on performance of the

organization, a department, processes to build aproduct or service, employees, etc.

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Where PM is applied?y This PM approach is used most often in the workplace

but applies wherever people interactschools,

churches, community meetings, sports teams, healthsetting, governmental agencies, and even politicalsettings.

y PM principles are needed wherever in the world

people interact with their environments to producedesired effects.

y It is possible to get all employees to reconcile personalgoals with organisation goals.

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y The self-propelled performance management system is

y 1. the fastest known method for career promotion.

y

2. the quickest way for career advancement.y 3. the surest way for career progress.

y 4. the best ingredient in career path planning.

y 5. the only true and lasting virtue for career success.

y 6. the most neglected part in teachings aboutmanagement and leadership principles.

y 7. the most complete and sophisticated application ofperformance management

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y 8. the best integration of human behaviour researchfindings, with the latest management, leadership andorganisational development principles.

y 9. the best automated method for organisationalchange, development, growth, performance and profit.

y 10. the quickest way for career building, careerdevelopment and moving up on the stepping stones of

the corporate career ladder.y 11. the surest and fastest way for increased motivation,

productivity, growth, performance and profitability forboth the individual and the organisation;

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Skills required for PMy Motivation

y Excellent communication skills

y Leadership qualityy Diplomacy

yAwareness

yAnalytical skills

y Decision making ability

y Managerial skills

y Being methodical

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Benefits

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Direct financial gainsy Grow sales

y Reduce costs

y Stop project overrunsyAligns the organization directly behind the CEO's

goals

y Decreases the time it takes to create strategic or

operational changes by communicating the changesthrough a new set of goals

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Motivated workforcey Optimizes incentive plans to specific goals for over

achievement, not just business as usual

y Improves employee engagement because everyoneunderstands how they are directly contributing to theorganisations high level goals

y Create transparency in achievement of goals

y High confidence in bonus payment processy Professional development programs are better aligned

directly to achieving business leval goals

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Improved management controly Flexible, responsive to management needs

y Displays data relationships

y Helps audit / comply with legislative requirementsy Simplifies communication of strategic goals scenario

planning .

y Provides well documented and communicated process

documentation.

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Conclusiony Managing employee or system performance facilitates

the effective delivery of strategic and operational goals.

yA career in project management requires people skills,and the competence to handle projects efficiently.Many large corporations such as banks and insurancecompanies have also started hiring project managers

in order to accomplish their work more effectively.

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Thank You