Project management is an application that helps the project to run in a systematic manner to achieve the desired goal. Project management is all about planning, controlling executing the task. The Project is unique it not daily working done sometimes people work together who usually don’t work together just to achieve the desired goal. Project management is a set of application tools, techniques, and skills to meet the project requirement. Project management is, Initiating, Planning, Executing, Monitoring and Controlling, Closing. Components of project management are like a clear definition of the project that why that project is necessary, collect the project requirements, estimating resource and time scale, justify the investment, secure agreement and funding, motivating teams, manage risk, managing budget, maintain the communication with stakeholders and the management team of the organization. Example like XYZ company got the software development project. Then at first management team will decide that why that project is necessary to them what benefits they can get to the company with that project, then they will decide who will be the project manager for this project and after the manager is decided he will be responsible for the project from execution till it finishes. Then the manager will collect all the required resources of the project estimate the timescale to finish the project Then he will search for the different skill set person within the organization who will help him to complete the project. Then manager will explain about the project to his team and give them desired goals according to their skill set. Then he will implement the management plan for the project. Then will manage the risk and necessary changes which can be done in the project and at the same time he will motivate the team to perform better. Monitoring the progress against the plan. Then he will communicate with stakeholders for the same progress report and at the end closing the project within the time frame with effective results.
Project management=scope=time----quality----cost
Benefits of project management
Better Efficiency in Delivering Services: As project management gives you the complete guide and works as a road map to you which you can follow and reach your goals easily. When you know where the hurdle is then you can easily avoid that or can make an alternate solution for which you can get better results.
Improved customer satisfaction: With the help of project management you will finish your project on time and as the project will finish on time customer will receive the product on the time when they required and that will lead to the happy customer and one happy customer leads to another and that will ultimately improve your sales and profits.
Enhanced efficacy in delivering services: The strategies you used to complete the project you can use the same strategies to complete more projects like the same.
Improved development and growth within your team: Better result will motivate the team and they will look for the same opportunities to perform in the best way.
Greater competitive edge and standing: By the effective result of your project you can make a big stand in the market with your performance.
A chance to expand your services: Great product leads to more project and opportunities to succeed.
Better flexibility: Project management benefits are that it allows flexibility so that you can map out your own strategy to complete your project.
No comments:
Post a Comment