Project Management
Project Management is a methodical approach to planning and guiding a project. Project management is the science (and art) of organizing the components of a project, whether the project is development of a new product, a marketing campaign, wedding or the launch of a new service. In Project Management the processes is guided through five stages Initiation, Planning, Executing, Controlling and Closing.
What is a project?
Project is a temporary group activity designed to produce a unique product, service or result. Project is undertaken to address a specific need in an organisation, which may be to create a product or service or to change a business process. This is in direct contrast to how an organisation generally works on a permanent basis to produce their goods or services. Project team often includes people who don?t usually work together ? sometimes from different organizations and across multiple geographies.
Three P’s of Project Management are as follows.
?1) People Management
2) Process Management and
3) Performance Management
Many of the projects share similar features and follow similar processes. This has led to the development of project management tools and techniques that can be applied to all projects, no matter how diverse; however this managing process may face a variety of challenges as well.
project management typically follows the same pattern
?Definition
?Planning
?Execution
?Control
?Closure
Successful project management always is result oriented and should envelope its goals as follows:
Project must be completed.
Project must perform to satisfaction.
Project must be competed within the specified budget.
Project must be completed within allocated time frame.
Project management knowledge draws on nine areas:
Integration
Scope ???????
Time
Cost
Quality
Procurement
Human resources
Communications
Risk management
Project management can be applied to almost any type of project and is widely used to control the complex processes of software development projects. So project management is also referred as discipline of planning, organizing, securing, and managing resources to achieve specific goals.
Project Management involves systematizing and managing resources in such a way that these resources deliver and execute the task required to accomplish a project within a defined time, range and cost constraint. Project Management provides a structure of communication within and across organizational boundaries.
Project Management is the management approach of setting and attaining goals while optimizing the use of multiple resources such as time, manpower, energy, funds, equipment, space etc. over the course of a project. Project management ensures responsibilities clearly defined and resources focused on specified objectives.