Girish Wagh, Head, Small Car Project "Our biggest challenge was to keep the balance between cost

and performance. The

brief was that the vehicle should be attractive to customers without any compromises on quality and performance. Mr Tata set the internal benchmarks. The company has

done a lot of innovations to bring the cost down.

In such a project there are more failures than successes but never at any point did we think that we will fail. Mr Tata was completely involved with the project as was Mr Ravi Kant who was extremely supportive and participative. They were an integral part

of the team along with other senior managers. They created an environment in which
people never had a fear of failure; in which they had the chance to use their creativity to a maximum. And the team responded magnificently. They were convinced and passionately involved with the project.

The focus was always on taking the project forward. Our suppliers also put in all
efforts and were very involved with the project. The next phase is to have the variants of the Nano; there are lots of exciting possibilities in the development of the car."

Project Life Cycle

Generic life cycle

Project life cycle phases

Resources

Time
-Evaluate feasibility -Make selection -Set goals -Define work, sequence and chart the work -Establish resource requirements -Create schedule -Develop Budget -Initiate work -Assess progress -Monitor work and resources -Recognize conflicts -Make corrections -Complete project -Evaluate results -Draft final report -Close-out

Project LifecycleCleland and King

Conceptual Definition Production Operational Divestment

Project Phases Maylor (DEFINE, DESIGN, DELIVER& DEVELOP)

Phase

Key Issues

Fundamental Questions
What is to be done ? Why is it to be done ?

Define the Project and project Organizational Strategy,

Goal definition
Design the project Process

Modelling and planning, estimating Resource analysis, conflict resolution and justification

How will it be done ? Who will be involved in each part? When can it start and finish ?

Project Phases Maylor Contd.

Phase Key Issues Fundamental Questions

Deliver the project

Develop the process

Organization control , Leadership, decision making and problem solving

How should the project be managed on a day to day basis? Assessment of process and How can the outcomes of the project. process be evaluation, changes for the continually future improved ?

What can we say in general about project life cycles?

Project phases normally marked by completion of one or more deliverables
a tangible, verifiable work product

Phase end activities

Review performance Make determination to continue Correct errors, redirect work efforts

Observations about life cycle properties

Cost/staffing - low, gets higher, then drops rapidly Risk and Uncertainty highest at beginning

Stakeholders ability to influence greatest at beginning