A brief description about Project Management is explained in the blog.
Project Management is the process of leading the work of a team to achieve goals and meet success criteria at a specified time. The primary challenge of the project management is to achieve project goals with in given constraints. The primary constraints of the project management are scope, time, quality and budget.
A project is a temporary endeavor designed to produce a unique product or service with a defined beginning and end date to meet objectives and goals.
The detailed description of the project management constrains are discussed below:
Time : Scheduling is a collection of techniques used to develop and present schedules that show when work will be performed.
Cost : Managing and acquiring necessary funds
Quality : Understanding the project requirements tp drive the deliverables.
The core components of project managenemt are:
1.Defining project scope and objectives
2.Defining project requirements, specifying the quality deliverables.
3. Defining an estimated budget and timeline for completion of the project.
4.Executing the project as per the project plan
5. Monitoring and controlling the progress of the project.
6. Managing the risks, issues and changes in the project.
7. Closing the project in a scheduled timeline.
Importance of project Management:
Project management is the application of knowledge, skills. tools and techniques to project activities to meet the project requirements. Project management enables organisations to execute projects effectively. Projects are a key way to create values and benefits in organisation. The business environment is dynamic with an accelerating rate of change. To remain competitive in the market, companies are embracing project management to consistently deliver business value.
