Project Management Process

Project management is short term; it has a beginning, an end, and has identified steps to take throughout the process. The steps of project management are as follows: proposal, initial investigation, detailed investigation, development and testing, trial, operation and closure, as well as, the evaluation. There are measurable benefits to using project management within an organization for certain key objectives or processes that need

The key to a successful project is in the planning. Creating a project plan is the first thing we should do when undertaking any kind of project. A project plan can allow a Project Manager to complete a project within a specified timeline and a specified budget.Reaching these important goals, will make the project customer happy and help the organization to build a good relationship with the customer for future projects. Project planning is fundamental in order to avoid failure and disappointment. In project management, effective planning is absolutely required if the individual or group wishes to deliver a finished project on time and on budget. From a Project Management article (http://www.brighthub.com/office/project-management/articles/40904.aspx) I read that during the project planning phase, plans are developed in the form of project baselines for schedule, cost, scope, quality and risks, all of which are components of the overall project plan. This gives the Project Manager basis for monitoring project progress and upon which to base decisions necessary for managing changes needed to help get the project back on track.

The process of Project Management is very detailed – there are multiple phases to properly manage the project (e.g., project plan, schedule, communication plan, risk management plan, and

As the world is chaotic (Djavanshir and Khorramshahgol, 2006) it is impossible to always predict the future accurately. Teller at al (2012) describes project management as balancing the “iron triangle”, where changes to any one of the planned costs, quality or scope will change the other elements. Risk management allows contingency to be put into project plans, (APM, 2012) minimising negative effects and maximising the benefits of uncertainty.

6) notes that uncertainty and change are usually involved in projects. The reason for using projects as a work approach is often the ability coping with uncertainty, related to novel factors within the processes or context of the company or the goals that need to be reached. Kuura et al. (2014, p. 518) note that projects are connected to innovation and have always been used to create or deal with change, even though not all projects and SMEs are entrepreneurial. Projects have been promoted as a powerful, widely usable vehicle for integrating diverse functions, enabling the efficient, timely and effective accomplishment of goals, by using flexible, independent and knowledgeable people in temporary teams (Lindgren & Packendorff, 2011, p. 52). Projects are used to cope with risks and it has been stated that if a company does not fail in any projects, it is not taking enough business risks (Cooke-Davies in Morris & Pinto, 2007, p. 227). Maylor (2010, p. 6) also adds that projects are usually also social constructs with parts that are integrated within the project to create a system of

Evaluate the importance of understanding the various stages of the project life cycle and its possible contributions to a project.

Understanding the project lifecycle is important because it is the base of all project management. You take one phase out and the project will fail. You cannot start a project without a good scope, or blueprint. The project lifecycle is set up so that you cannot move on to the next stage in the cycle without going through the previous stage. I also want to mention the termination phase. This is where you terminate the project and put together a document that explains the delays and fixes that helped the project come to fruition.

Project management is managing the work to develop and innovate or even change within an existing operation. There are five steps in this management: Initiating the project, Planning and controlling all activities to keep the project on schedule, executing every phase of the projects process, monitoring/ controlling reviewing and regulating the progress and performance of all phases of the project, Closing process this is where all processes are finalized and completed to officially close the project out.

▸ ▸ List several tasks and outputs of project execution Discuss what is involved in directing and managing project execution as part of project integration management, including the importance of producing promised deliverables, implementing solutions to problems, evaluating work performance information, and requesting changes to a project Explain the importance of recommending corrective actions and updating project-related information as part of quality assurance

4. By having to always thing "what if" about your project, you keep constantly striving and thinking about improvements. Carrying out a large project is a long process that has to evolve over time to stay under budget or finish on time, or just keep up with the times. Although it is important to always look back on what has been done and what

o Involves measuring progress toward project objectives, monitoring deviation from the plan, and taking corrective action to match progress with the plan. o Affects all other process groups and occurs during all phases of the project life cycle. o Outputs include performance reports, requested changes, and updates to various plans.

Projects are constrained by many factors. The common ones are time, cost, resources, product requirements and quality. The ultimate goal of a project team is to deliver a product on time, within budget, that meets the product requirement and quality constraints. To achieve this goal the team must use effective methods to manage the people, processes and tools used for the project. The following need to be considered for each:

Things will always go wrong in a project. Issues will always arise and depending on the type of issues it can cause major problems and can damage the potential success of the project. There are ways to limit and repair these issues but they will still make an influence on the final outcome of the project.

Project management is about planning and execution - "starting in view of the end." A great arrangement contains objectives utilizing measurements, with ideal asset use and reasonable calendar gauges. When a manager and his crew plan the results of that process typically do not only concentrate on the problems that cause productivity and quality issues. Nearly all plans emphasis only on project completion rather than verification of the issue and

A project is a transitory effort attempted to develop an exceptional merchandize or service. Since all projects are distinctive in nature and include a specific level of ambiguity, they are distributed into particular stages that improve and support overall management and control. According to Hormozi, McMinn, and Nzeogwu (2000), every “projects have a life cycle and they are born from an idea, develop into a finished product or service, and then terminate” (p.45). The stages or phases of project life cycles may vary depending on management strategy, industry, application/ methodology being used for a particular project. However, in general the project life cycle stages include: (1) Initializing, (2) planning, (3) execution, (4) controlling, and (5) closing or termination.