Project management involves organizing and managing resources to complete a project. Projects have a start, end, and goals. Project managers ensure projects are delivered on time, within budget, and meet requirements. There are five main phases of project management: initiation, planning, execution, monitoring and controlling, and closing. Project management is important because it provides structure, improves communication, helps track progress, and aids in cost control and better project oversight.
Project management involves organizing and managing resources to complete a project. Projects have a start, end, and goals. Project managers ensure projects are delivered on time, within budget, and meet requirements. There are five main phases of project management: initiation, planning, execution, monitoring and controlling, and closing. Project management is important because it provides structure, improves communication, helps track progress, and aids in cost control and better project oversight.
Project management involves organizing and managing resources to complete a project. Projects have a start, end, and goals. Project managers ensure projects are delivered on time, within budget, and meet requirements. There are five main phases of project management: initiation, planning, execution, monitoring and controlling, and closing. Project management is important because it provides structure, improves communication, helps track progress, and aids in cost control and better project oversight.
Project management involves organizing and managing resources to complete a project. Projects have a start, end, and goals. Project managers ensure projects are delivered on time, within budget, and meet requirements. There are five main phases of project management: initiation, planning, execution, monitoring and controlling, and closing. Project management is important because it provides structure, improves communication, helps track progress, and aids in cost control and better project oversight.
Project management is the way a person organizes and
manages resources that are necessary to complete a project. People
that manage projects are known as Project Managers. A project is a piece of work which is not a process or an operation. It has a start, an end, and goals. Projects can be very simple, like organising a party, or very complex, like building a space rocket. Projects are common in the construction industry, the telecommunications industry and the IT industry. The management of a project requires special skills. Project managers must ensure that the project is delivered within the existing limitations. These limitations can be time, cost, people, risk, and many more. Project managers must also ensure the best possible distribution of resources. Five phases of project management
1.Project Initiation 2.Project Planning 3.Project Execution 4.Project Monitoring and Controlling 5.Project Closing Why Is Project Ma nagement Important? Scope in project planning
Project scope is a part of the project planning process that documents
specific goals, deliverables, features, and budgets. The scope document details the list of activities for the successful completion of the project.
The scope is defined by understanding the project requirements and the
client’s expectations. The scope statement usually contains,
● project objectives ● exclusions ● project constraints and ● project assumptions. ● Project deliverables Work in Project scope management process
1. Planning scope management
In the first process in project scope management, you create a scope plan document that you can refer to in the later stages. The document mainly helps in defining, managing, validating, and controlling the project’s scope.
2. Collecting requirements You will be required to document all the project requirements, expectations, budgets, and deliverables through interviews, surveys, and focus groups.
3. Defining the scope
At this step, you need to turn your requirements into a well-detailed description of the service or product that you are trying to deliver through the project. You will then have a project scope statement that you can then refer to throughout your project. 4. Making a project breakdown structure A project breakdown structure is a document that breaks down all the work which needs to be done in the project and then assigns all the tasks to the team members.Ensure to create a Work Breakdown Structure (WBS) as it will provide a breakdown of the scope statement into smaller.
5. Validating scope In this step, the scope and deliverables that you have recorded need to be sent to project executives and stakeholders to get the necessary approvals. Scope validation needs to be done before starting the project to ensure that if something goes wrong then it is easy to find where it went wrong.
6. Controlling scope Project managers need to ensure that as the project begins, it always stays within the defined scope. In case there are some things that need to change, then the proper change control process should be followed. Project Manager Skills List
Project managers are organizational masterminds who create plans and
schedules and keep projects on track.
Communication Project managers spend most of their time communicating with staff, reporting progress or problems to clients
● Presentation Skills ● Written Communication (Emailing, Reports, and so on) ● Active Listening ● Ability to Clarify and Paraphrase ● Stress Tolerance ● Conflict Management Leadership The ability to lead and motivate a team is critical to furthering any project.
● Motivation ● Team Building ● Conflict Resolution ● Relationship Building ● Scheduling ● Critical Thinking ● Decision Making ● Displaying Good Judgment ● Problem Solving
Management To work effectively, managing people is essential. When it comes to managing people, some of the required skills include:
Negotiation Project managers will negotiate with clients on an appropriate schedule and scope of work. They will bargain for certain resources and manpower.
Organization
They need to be organized in both their professional and personal lives. It's important for project managers to develop an organizational system, whether it's an electronic note-taker or a paper planner. ● Calendars ● Project Management Software ● Schedules ● Time Management
Problem Solving Issues that need attention regularly come up for project managers, and it's their duty to predict potential problems in advance and brainstorm solutions in case these issues arise. Having backup plans.
Budgeting All projects are going to have a fixed amount of funding available to them. It's a project manager's responsibility to develop a budget for that money . Roles of Project Manager in Project Project management life cycle
Phase1: Initiation Phase2: Planning Phase3: Execution Phase4: Closure Importance of the Project Life Cycle 1. Structure a Project 2. Better Communication 3. Helps in Tracking Progress 4. Helps in Better Project Management 5. Helps in Cost Controlling
Project appraisal is the process of assessing, in a structured way,
the case for proceeding with a project or proposal, or the project's viability. It often involves comparing various options, using economic appraisal or some other decision analysis technique.
● To assess projects credit-worthiness, ● To assess the profitability of the project; ● To assess the probable cost and benefit; ● To assess the requirements of raw material; ● To assess the fixed and working capital; ● To anticipate a possible market of the product; ● To assess the management’s competence, ● To find out whether the various factors of production are available.
Technical appraisal is important as (i) It ensures that the project is
technically feasible - all the inputs required to set up the project are available (ii) It facilitates the optimal project formulations in terms of capacity, technology, location, technology, size, etc on.
Technical Aspects:
● Location and Site.
● Plant Capacity. ● Tools and Equipment of Technology. ● Building and Layout. ● Availability of Important Resources. ● Labour. ● Project Planning and Scheduling.
Environmental Appraisal is the systematic process by which
account is taken of the environmental dimensions of development interventions throughout the whole Project Cycle. ... Thus, the Environmental Appraisal is the overall process and the Environmental Impact Assessment is a part of that process
A market appraisal is the first step towards putting your house on
the market and beginning the next chapter of your story. ... A market appraisal is where an agent values your property for sale purposes and provides a possible guide price. A market appraisal is the first step towards putting your house on the market and beginning the next chapter of your story. ... A market appraisal is where an agent values your property for sale purposes and provides a possible guide price.
