Author : Samantha Adey.
Published : Sun, Jan 6 2019 :11 PM.
Format : jpg/jpeg.
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.
Time and budget are the biggest constraints of every project. Now, the goal of the project management is to finish and accomplish the project with a stipulated time and budget.
Project management is the application of skills, experience, knowledge, methods, and processes to achieve the objectives of a project. It is the body of knowledge regarding projects, i.e., planning, controlling, and reviewing. Project management also involves making sure you complete the project.
While a project manager is a professional who plans and organizes resources and personnel. They must make sure they complete the project on time and within budget. They must also ensure that the project meets the requirements of the business. Project managers exist in all industries and every type of organization. They may be contractors, managers, employees, or independent consultants.
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.