Today, Indian Economy is facing new challenges due to Liberalisation, Privatization, Globalization and deregulation of trade. Efficient utilization of resources is the need of the hour. Many projects do not succeed with regard to time, cost and quality. As a result, the need for having a clear cut understanding about the conceptual foundations of “Project Management” is more in recent times than ever before. There is an accelerated demand for effective project planning and implementation. Project management is related with the application of various tools and techniques for the successful completion of the projects. It helps in proper formulation of projects and an assessment of their feasibility. It is not only related with managing the activities of a project but is a systematic study of providing ‘value’ and much more.

Preparing the professional and visionary project managers is the need of the day. Academicians have to rise to the occasion and take the lead in preparing quality project managers. The fundamental aim of the book is to present basic concepts and essential tools to manage the complex projects. Many examples and explanatory diagrams have also been given to understand the concept easily. This book provides an easy approach to learn the tools and techniques of project management. Although this book is strictly designed according as per syllabi of BBA 4^th Semester of Panjab University yet it will be quite helpful to planners, policy makers and project managers of different fields in managing their projects. Valuable suggestions from colleagues and many academicians have been incorporated.