Author : Evie Hotchin.
Published : Wed, Jan 2 2019 :1 AM.
Format : jpg/jpeg.
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.
If you want to complete a project on time, you need to manage it well. You also need to make sure you are within budget. Not only must you work to meet deadlines but you also have to make sure that quality does not suffer.
Other project management aims to optimize the allocation of significant inputs and apply them to meet predefined value statement of objectives.
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.
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.