Author : Samantha Adey.
Published : Sun, Jan 27 2019 :11 AM.
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.
Other project management aims to optimize the allocation of significant inputs and apply them to meet predefined value statement of objectives.
The main function of a project management is to achieve all the smart goals of the project within the given restrictions.
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.