What is Project Management

What is Project Management

What is Project Management

What is Project Management?
A project is a specific process for achieving certain goals and solving a specific business problem.
The structure of project management in the company
Most companies in Ukraine are just beginning to use project management to implement their development plans, realizing the high importance of projects as components of success. And only a few companies have reached the level when project management has become their lifestyle.

These few companies have come to understand that:

successful practices gathered by project management are the most valuable intellectual property and must be treated accordingly;
it needs a unit responsible for collecting, distributing and updating such intellectual property in a company called the Project Office.
Consequently, project management is an activity aimed at achieving the objectives set, the implementation of certain plans, using the available resources – time, capital, people.
At the heart of project management is planning – short-term or for a longer period. In business processes, planning is based on certain planning methods: depending on the priority of tasks and the timing of their implementation.
Project management – this is the solution to a number of small individual tasks at different stages of the project. By addressing smaller actions, you can approach the goal.
That is, project management is a constant transition from simple to complex and the transformation of one big task into simpler activities consisting of sample procedures. The main thing is to fix a separate executor for the solution of each small task, which should perform this separate action in a specific period of time.
In total, there are a number of specific features of the project that distinguish it from other activities:
Any project aims to achieve specific goals;
The project includes coordinated implementation of interrelated actions;
The project has a limited length in time, with a certain beginning and end;
Each project is unique and unique to a certain extent.
Project management is the special and unique progress of accomplishing, planning and taking action of the work of a team to reach specific, certain goals at some period of time. The main and essential challenge of project management is to reach every project goal during the presented limitation. This is sometimes presented in project documentation, created at the very start of the development process. The primary constraints include:

1. Scope
2. Time
3. Quality
4. Budget

The second and more determined challenge is the optimization of the allocation of needed inserts and admits them to be in front of the objectives. The subject of scheme management is to create absolute planning, which submits with the costumers’ objectives. In most cases, the subject of project management is also to design or form the client’s brief, in order to have the ability to admit the client’s objectives. Once the client’s purposes being perfectly determined, they should have great impact decisions made by other people being participated in the project

Every project goes through these five steps:

1. To know and make clear what the costumers’ needs to establish the project’s goals.
2. Elaborate a plan that will discover the needs, by whom, how much it will cost, and when the project should be accomplished.
3. Begin working.
4. Check if work passes following to the according to plan, identify problems, and make adjustments.
5. Convey the project and close contracts once getting the client’s approval.

The main goal of project management is to be sure that everyone is getting included in a project and knows exactly what to need, for how long they have to complete an activity, what resources being available, and what to do if having a problem.

Advantages of Project Management
The eye-catching and outstanding benefits of project management include in itself:

1. Improve the opportunities for reaching the wanted result
2. Gain a fresh and new perspective on the project, and how it suits the business strategy
3. Investigate business’ resources and make sure their effective utilization
4. Decide the scope, planning, and budget truly and clearly from the beginning
5. Follow and keep the plan and keep costs and resources to budget
6. Develop productivity and quality of work
7. Motivate consistent communications of staff, suppliers and costumers
8. Satisfy the different needs of the costumers
9. Making clear risks of a project failing
10. Enlarge customer satisfaction
11. Obtain a competitive advantage and enlarge the bottom line

Everybody operates projects. But a lack of project management skills can make careers not to be developed. So it makes the necessity to develop the skills to make a good project manager. Project management gives a helping hand and provides a good and very effective way to study essential and main skills by offering anywhere admittance. It is not surprising that customer satisfaction rating suggests the highest benefit. When a project is being completed, the customer is very grateful. And a happy customer is a customer coming once more. Intelligent project management offers the tools for this relationship to thrive and helps to meet their needs.

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