Chavez, Franz Raphael

4BMC

Project

Project can also be defined as a set of interrelated tasks to be executed

over a fixed period and within certain cost and other limitations. The
word project comes the Latin word projectum from the Latin verb proicere,
"before an action" which in turn comes from pro-, which denotes
precedence, something that comes before something else in time
(paralleling the Greek ) and iacere, "to do". The word "project" thus
actually originally meant "before an action".

Program Event & Activity

In computing, an event is an action or occurrence recognized by software

that may be handled by the software. Computer events can be generated
or triggered by the system, by the user or in other ways. Typically, events
are handled synchronously with the program flow, that is, the software
may have one or more dedicated places where events are handled,
frequently an event loop. A source of events includes the user, who may
interact with the software by way of, for example, keystrokes on
the keyboard. Another source is a hardware device such as a timer.
Software can also trigger its own set of events into the event loop, e.g. to
communicate the completion of a task. Software that changes its behavior
in response to events is said to be event-driven, often with the goal of
being interactive.

Project Management

Project management, then, is the application of knowledge, skills, tools,

and techniques to project activities to meet the project requirements. A
project is temporary in that it has a defined beginning and end in time, and
therefore defined scope and resources.
And a project is unique in that it is not a routine operation, but a specific
set of operations designed to accomplish a singular goal. So a project

team often includes people who dont usually work together sometimes
from different organizations and across multiple geographies.

Project Life cycle

The project life cycle consists of four phases, initiation, planning,

execution (including
monitoring
and
controlling)
and evaluation.
The MPMM Project Management Methodology is an excellent resource for
this part of the Unit. The Initiation phase begins by defining the scope,
purpose, objectives, resources, deliverables, timescales and structure of
the project. The next step is to develop a Business Case, including several
possible solutions and a cost/benefit analysis for each. A Feasibility
Study should then be carried out to ensure that the chosen solution is
feasible and has an acceptable level of risk. The next step is to define
the Terms of Reference, followed by the appointment of the project team.
The final step is to carry out Phase Review before seeking approval to
proceed.

Project Concept

A project concept is a complete documentation of the proposed project

but needs to be implemented yet. The term "concept" means that it is
under
planning
and
processing
for
implementation.
A full blown project concept consist of following documentation such as ;
project feasibility studies (technical, financial, environmental, etc.),
detailed drawings/plans & specifications, detailed estimates for project
cost, environmental permit, social acceptability of the project and other
requirements for fund sourcing.

Project Proposal

A proposal is a request for financial assistance to implement a project. The

proposal outlines the plan of the implementing organization about the
project, giving extensive information about the intention, for implementing
it, the ways to manage it and the results to be delivered from tithe
following guidelines are designed to help you prepare your full proposal.
How well you plan the action is critical to the success of the project.

Request for proposal

A request for proposal (RFP) is a solicitation, often made through

a bidding process, by an agency or company interested in procurement of
a commodity, service or valuable asset, to potential suppliers to
submit business proposals. It is submitted early in the procurement cycle,
either at the preliminary study, or procurement stage.

Contractors Bid/Proposal

Is the process of submitting a proposal (tender) to undertake, or manage

the undertaking of a construction project? The process starts with a cost
estimate from blueprints and material take offs.
The tender is treated as an offer to do the work for a certain amount
money (firm price), or a certain amount of profit (cost reimbursement
cost plus). The tender which is submitted by the competing firms
generally based on a bill of quantities, a bill of approximate quantities
other specifications which enable the tenders attain higher levels
accuracy, the statement of work.

of
or
is
or
of

Project Management

Project management is the discipline of carefully projecting or planning,

organizing, motivating and controlling resources to achieve specific goals
and meet specific success criteria.

Project feasibility Study

An analysis and evaluation of a proposed project to determine if it (1) is

technically feasible, (2) is feasible within the estimated cost, and (3) will
be profitable. Feasibility studies are almost always conducted where
large sums are at stake. Also called feasibility analysis.