Author : Evie Hotchin.
Published : Thu, Jan 17 2019 :6 AM.
Format : jpg/jpeg.
The project management also helps and guides the project manager and the project team to make better decisions that are crucial in the development plan of a project. It also manages and controls the resources and the restrictions of every project that may have a huge impact statement on the project.
The project management should effectively utilize all the limited resources provided by an organization. Although some projects have all the complete resources, such as skilled people, materials, budget plan, and so on, it is still important that the project management should make the most out of this resources.
The main function of a project management is to achieve all the smart goals of the project within the given restrictions.
Project management, therefore, is the application of techniques, tools, skills, and knowledge to make sure all project requirements are met. Until the middle of the last century, project management was an informal activity.
Examples of projects may include the construction of a new bridge or building or developing software for an improved business process. A relief effort for a natural disaster, or setting up a strategy to break into a new sales geographic market are also projects.