Project management is the discipline of planning,
organizing and managing resources to bring about the
successful completion of specific project goals and
objectives.
Project management is planning & monitoring the task as
per the requriemts and make them complete on time and with
in budget to get desired results.it plays a major role in
organisation build.
Project Management is the application of knowledge, skills,
tools and techniques to project the activities to meet the
project requirements.
Project management is accomplished through the appropriate
application and integration of 42 logically grouped project
management processes comprising of 5 process groups
(Initiation, Planning, Execution, Monitoring and Control
and Closing)
In theory Project Management is all about initiating,
planning, monitoring, tracking and taking the project to
closure with a desired quality, within budget and in pre-
defined timeline.
In reality, it is all about negotiation, controlling scope
creeps, prioritising and ensuring clear communication
across various stake holders, thereby maintaining the
balance among 3 keys: quality, cost and time.
Project management is a methodical approach to planning and
guiding project processes from start to finish. According to
the Project Management Institute, the processes are guided
through five stages: initiation, planning, executing,
controlling, and closing.
Project Management can be accomplished by following
oraganisational accepted methodlogy (PMBOK / Prince2) to
deliver project in controlled manner (within set budget
time and quality).
Project Management is a set of necessary activities
performed to ensure that all the project objectives are met
within the defined parameters of cost, quality and schedule.
It would include everything from starting to executing to
controlling to winding up of the project requiring the
project manager to take care of other parameters like
resource mix, profitability, stake holder communication,
knowledge build up and retention.
As a project manager you might enter a project at any of the
above mentioned phases and exit it at one of the above
stages, but the activities you would need to perform would
be more or less as defined in the above paras.
In Simple words it is PDCA(Plan,Do,Check & Act) in the
areas of SSC(Scope,Schedule & Cost Management).
You can find sub-areas for SSC
Which in turn links to
1.Resource Management
2.Communication Management
3.Quality Management
4.Risk Management
5.Change Management
....
Project Management is an Art & Science through which the
intended Products/Services are delivered with fixed
timelines, resources etc.
This is typically achieved through thorough planning,
execution finess, tireless monitoring & control. It is
also important that all the stakeholders are communicated
appropriately.
Suppose you did all your work in a 32 bit system, the
production server is 64 bit system, you find that during
UAT, the system fails and is not working, how will u
communicate to your customer, what solution will you
provide to the client?
The Project which is handled by you is in RED, customer has
given you 4 weeks to show improvement, still nothing has
worked out. The Customer again gives 3 weeks to improve and
you do your best to improve, but nothing works out. Now the
customer is not at all happy, HOW TO CONVINCE THIS
CUSTOMER ???
Waht is the level of criticallity in Project management for
a Project which is started in maintenance Phase ? Which
phase of Project management theory must be more focused for
such kind of projects .
HI everyone, I am commerce graduate, completed MBA Finance
in Distinction. I would like to do FI/CO. Could any one
of you please suggest, which is the best instistute for
FI/CO training in Hyderabad. Compulearn, Reliance, or
other.
Thanks in advance
Rupa Gupta