Author : Angus Mortimer.
Published : Mon, Jan 14 2019 :6 PM.
Format : jpg/jpeg.
A project management is divided into 5 phases, including: 1. Project conception and initiation; Phase 2. Project definition and planning; Phase 3. Project launch or execution; Phase 4. Project performance and control; Phase 5. Project close.
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.
Other project management aims to optimize the allocation of significant inputs and apply them to meet predefined value statement of objectives.
Borrowing pre-made templates can also ensure that you use best practices in your planning and reporting. If a template has proven to be successful in one organization, there is a good chance it will be useful in yours as well.
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.