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- A project is a temporary endeavor undertaken to create a unique product, service or result. (PMBOK 4th Edition, 2008)
- A project is a temporary group activity designed to produce a unique product, service or result. A project is temporary in that it has a defined beginning and end in time, and there for defined scope and resources. (PMI, 2012)
- Project Management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. Project Management processes fall into 5 groups. These are Initiating, planning, executing, monitoring and controlling, and closing. (PMBOK 4th Edition, 2008)
Analysis
Advantages of Project Management
Conclusion
A project can be a group or individual one. But in an organisation most projects are group projects and those projects are led by a project manager. For a specific project there should be only one project manager, otherwise group members decisions can be different as unexpected. The goal of the project is to produce a unique product, service or result. A project is mentioned as temporary, because it has a defined beginning and end time. When planning a project we have to concern about so many sides and things. Therefore before we starting a project we have to do a research about the product.
As a Project Manager, he/she has to be more aware about the scope of the project. Project Management is a methodical approach which is the application of skills, knowledge, tools and techniques which use to meet the project necessities. So the project manager has to be concerned about project management processes, which are called initiating, planning, executing, monitoring and controlling, and closing. Project management can apply for any type of projects, but widely use for software development projects.
The project management provides many advantages. It reduces the chances of project failing from various ways. Communicating among group members is one of the best way to success their projects. All members must be keeping touch with the project manager. And the cost, end date and resources must keep as estimated, should not increase any of these.
Inflation is a disadvantage in project management. Because the estimated cost can not be changed whether the general price level arose. So it is a disadvantage for the project team. But it happens very rarely. so as I feel following project management rules let us to success our projects.
Advantages of Project Management
- This reduces the chance of project failing.
- To meet requirements and expectations to be result, the minimum of quality should be there.
- Make things simpler and easier for with a single point of contact running the overall project.
- Encourage consistent communications among staff and suppliers.
- Keep costs, time frames and resources to budget. (Project Management- The Basics, 2008)
- Inflation
Conclusion
A project can be a group or individual one. But in an organisation most projects are group projects and those projects are led by a project manager. For a specific project there should be only one project manager, otherwise group members decisions can be different as unexpected. The goal of the project is to produce a unique product, service or result. A project is mentioned as temporary, because it has a defined beginning and end time. When planning a project we have to concern about so many sides and things. Therefore before we starting a project we have to do a research about the product.
As a Project Manager, he/she has to be more aware about the scope of the project. Project Management is a methodical approach which is the application of skills, knowledge, tools and techniques which use to meet the project necessities. So the project manager has to be concerned about project management processes, which are called initiating, planning, executing, monitoring and controlling, and closing. Project management can apply for any type of projects, but widely use for software development projects.
The project management provides many advantages. It reduces the chances of project failing from various ways. Communicating among group members is one of the best way to success their projects. All members must be keeping touch with the project manager. And the cost, end date and resources must keep as estimated, should not increase any of these.
Inflation is a disadvantage in project management. Because the estimated cost can not be changed whether the general price level arose. So it is a disadvantage for the project team. But it happens very rarely. so as I feel following project management rules let us to success our projects.
Reference
PMI 2012, Project Management Institute Website, [Online], Available: http://www.pmi.org/About-Us/About-Us-What-is-Project-Management.aspx [Accessed 19 March 2012]
Project Management, 2008, Business Link Website, [Online], Available: http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1085941143&type=RESOURCES [Accessed 19 March 2012]
Bibliography
NA, 2008, A Guide to the Project Management Body of Knowledge, 4th ed, 14 Campus Blvd., Newton Square, PA 19073-3299 USA
PMI 2012, Project Management Institute Website, [Online], Available: http://www.pmi.org/About-Us/About-Us-What-is-Project-Management.aspx [Accessed 19 March 2012]
Project Management, 2008, Business Link Website, [Online], Available: http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1085941143&type=RESOURCES [Accessed 19 March 2012]
Bibliography
NA, 2008, A Guide to the Project Management Body of Knowledge, 4th ed, 14 Campus Blvd., Newton Square, PA 19073-3299 USA
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