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Cycle and Advantages of Project Management

Project management determines what, why, when, where and how to achieve a target. Sponsors, project manager, subject matter expert, project coordinators and team members play vital role in it. Good project management works on efficiency by eradicating problem which saves time and money to reap an outstanding outcome.

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Cycle and Advantages of Project Management

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  1. Cycle and Advantages of Project Management Vertidigm.com

  2. 1. What Is Project Management? • It is determining: • Plan of action • Goal/Objective • Schedule of project activities • Time limits • Risks and shortcomings • Present situation Vertidigm.com

  3. 2. Who Plays Vital Role? • Sponsors • Project Managers • Subject matter expert • Project coordinators • Team members Vertidigm.com

  4. 3. What Sponsors Do? • Finance the project • Commission the project • Helps in defining the goals • Offer support Vertidigm.com

  5. 4. What Project Managers Do? • Look after day to day advances of the project • Resource allocation • Motivate and manage team deliveries Vertidigm.com

  6. 5. What Subject Matter Experts Do? • Handover inputs on feasibility • Update team • Develop mutual understanding between team members • Work on expertise development Vertidigm.com

  7. 6. What Project Coordinators Do? • Act as bridge between the team and the manager • Stay updated with the advances • Prepare project plan • Update time lines • Prepare project report Vertidigm.com

  8. 7. What Team Members Do? • Work on project • Execute the plan • Give out deliveries Vertidigm.com

  9. 8. Good Project Management Versus Poor Project Management • Good Project Management: • Effective handling of project • Pushes to showcase full potential • Earlier identification of problems • Time-savior • Cost-effective production • Results surpass expectation • Poor Project Management: • Mar creativity • No accountability to risk • Hampers productivity • Budget exceed • Infect the organization Vertidigm.com

  10. 9. Cycle of project management Vertidigm.com

  11. 1. Initiative • Sketch the structure • Set the goal • Checking feasibility • Anticipate result Vertidigm.com

  12. 2. Planning • Draft the plan of the project • Calculate costing • Set up scope • Set the deadline • Think about risks Vertidigm.com

  13. 3. Execution, Monitoring and Controlling • Check out what to deliver • Meet the clients • Resolve the issues • Check the performance • Address changes Vertidigm.com

  14. 4. Closure • Settle the crisis • Disclose the result • Prepare report • Take feedback Vertidigm.com

  15. Thanks for Watching mailto:info@vertidigm.com Vertidigm.com

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