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Project management is the tool and administration procedures needed to attempt a task successfully. These procedures oversee inputs to and produce yields from particular exercises.The movement from information to yield is the core of venture administration and obliges incorporation and iteration. Isolating a task into stages makes it conceivable to lead it in the best conceivable course. Through this association into stages, the aggregate work heap of an undertaking is separated into smaller parts, subsequently making the monitoring easy. Project management contains five stages : Initiation stage, Planning, Production, and Project monitoring and controlling systems and Closing the Project. One by one it is finishes the task during the execution. After the starting stages basically project management provides basic planning for actualization of project and also provides the resources that are motivates to execution of project. Sub process groups includes Time Management, Cost Management, HR Management, Quality Management, Project Risk Management, Procurement Management, Integration Management. these knowledge areas are described by their inputs, tools and techniques, and outputs.
Project management defines ways to manage a project by planning, organizing and implementing it within a specific time to produce a defined outcome. It is the application of methods, processes, skills, knowledge and experience to achieve the project objectives. A project can be defined as a piece of work which should be completed within a specific time by meeting the requirements of its clients. Project management comes with a number of methodologies which are described below:
- Critical Chain Project Management: it mainly focuses on the use of resources without considering timelines.
- Agile: this methodology is used for speed and flexibility which produces short delivery cycles.
- Waterfall: it is defined as a sequential management style.
- Critical Path Method: it involves step by step procedures and PM techniques.
- Pthis methodology is mostly adopted by U.K. government and private industries to manage the projects.
Project management is concerned with deliverables and a finite timespan since a project’s success fulfills the criteria of agreed timescale and budget. Project management has five important phases given as:
- Project Definition
- Project Planning
- Project Execution
- Performance monitoring and Control
- Project Closure
Project management has a wide range of applications in the area of integration, cost, quality, human resources, procurement, scope, time, risk management, communications and stakeholder management.
We help with topics like Project Charter, critical path analysis, Gantt charts, critical chain scheduling, WBS, network diagrams, Cost estimates & earned value management, developing information systems in an organisational setting, project management context and processes; scope, time, cost and quality management ,risk management, project teams and resource management, project procurement and the communication and documentation used through a project's lifecycle.
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- project integration, project scope management, project time, cost management, quality management, human resources, communications, procurement management
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- Stakeholder Management, Stages of Project Management, startup of the project, project planning , control of the project, initiation , monitoring , closure of the project, Project structure
- competence , responsibilities, structure of the project management team , project supervision , change commission, project support, team managers, project committee , project manager
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- externalities, feasibility of projects , project life cycle and the business case, Process management :set of processes of the project management , project initiation , project chart
- business case proposal, the direction of the project , project plan ,business case
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Topics help for Project Management
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Project Management covers:
- Economic and financial management of projects
- Organizational structures for project management
- Project Phases
- Analysis of project management
- Quality management applied to projects
- Management of the people involved in project