1 / 15

Project Management

Project management is the use of specific knowledge, skills, tools and techniques to deliver something of value to people. The development of software for an improved business process, the construction of a building, the relief effort after a natural disaster, the expansion of sales into a new geographic marketu2014these are all examples of projects.

Akrati1
Download Presentation

Project Management

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. INTRODUCTION TO PROJECT MANAGEMENT

  2. CONTENTS • INTRODUCTION • PROJECT MANAGEMENT LIFE CYCLE • IMPORTANCE OF PROJECT MANAGEMENT • CONCLUSION

  3. INTRODUCTION Project managementis the application of processes, methods, skills, knowledge and experience to achieve specific projectobjectivesaccording to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.

  4. PHASES OF PROJECT MANAGEMENT LIFE CYCLE

  5. INITIATION Project initiation is the first Project Management life cycle phase, where the project starts. It provides an overview of the project, along with the strategies required to attain desired results. It is the phase where the feasibility and business value of the project are determined.

  6. PLANNING A lot of planning related to the project takes place during this phase. On defining project objectives, it is time to develop a project plan for everyone to follow.The planning phase frames a set of plans which help to guide your team through the implementation phase and closing phase.

  7. EXECUTION Project execution is the phase where project-related processes are implemented, tasks are assigned, and resources are allocated. The method also involves building deliverables and satisfying customer requirements. Project managers or team leaders accomplish the task through resource allocation and by keeping the team members focused.

  8. MONITORING & CONTROL During the project monitoring and controlling phase, the time, cost, and performance of the project are compared at every stage and necessary adjustments are made to the project activities, resources, and plan to keep things on the right track. Outputs from this phase include project progress reports and other communications that ensure adherence to project plans and prevent larger milestones and deadline disruptions.

  9. CLOSURE The process of finalizing the project, reviewing the project deliverables, and transitioning them to the business leaders is called the project closure phase in a project management life cycle. This stage offers time for both celebration and reflection. Outputs from this project management phase include approved project results and learnings that can be applied to similar projects in the future.

  10. IMPORTANCE OF PROJECT MANAGEMENT

  11. The landscape of Project Management is changing with every passing day. It is crucial to keep pace with the trends if you are interested in understanding the benefits of project management.While project management skills are not easy to learn in theory alone, doing a course does come with benefits. It is worth investing your time in learning project management skills as all employers are giving PM high priority. Project management also brings leadership and direction to projects.

  12. A Clear Project Plan and Process • Establish Plan and Schedule • Teamwork • Maximize Resources • Build on Knowledge • Manage Quality

  13. CONCLUSION Project management is not a panacea, but rather a critical tool in the never-ending process of growth and renewal of the business. It allows the entrepreneur to minimize and mitigate inherent risks and increase the potential for success of the launch and the ongoing operations.

More Related