Author : Amber Spence.
Published : Wed, Jan 9 2019 :12 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.
While a project plan is a document that may require Excel charts but is otherwise composed in Microsoft Word. For basic projects, however, you may get away with only a Microsoft Excel document.
Using templates not only improves your efficiency, it also brings much-needed standardization to your project management process. Instead of creating documents on an ad-hoc basis, you can have a single template for every function that can be used across the organization.
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.
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.