Project Management
Candlefocus EditorProject Management is divided into five areas: planning, initiation, execution, monitoring, and closing. The planning phase of project management involves setting the scope, objectives and budget for the project. It also involves taking steps to ensure that all the project stakeholders are on board with the project, and that all necessary documents and information are provided.
The initiation phase is when the planning phase is complete and the project start-up activities begin. During the initiation phase, the project team is established and the project manager (PM) is assigned to the project. The responsibilities of the PM include organizing meetings and events, creating project documents, and assigning tasks to the project team.
The execution phase is when the project is put into action. During this phase, the project team is assigned roles and tasks that they need to complete. The project manager is responsible for making sure that the team is working together effectively and that the project is on schedule.
The monitoring phase is used to ensure that the project is progressing according to the plan. The project manager is responsible for ensuring that the project is within budget as well as meeting planned timelines. The monitoring phase is also when the project manager implements corrective actions to get the project back on track if it starts to go awry.
The closing phase is the final phase of project management. During this phase, the project is evaluated and any lessons learned are documented for future use. The ultimate goal of the project is determined and the project is finished.
Different types of Project Management methodologies and techniques exist, such as traditional, waterfall, agile, and lean. Traditional project management involves breaking a project into discreet phases with well-defined start and end dates. Waterfall project management employs an approach in which the phases are executed in a linear fashion, with each phase building upon the previous one. Agile project management is a newer, less traditional method in which the focus is on rapid delivery, continuous learning, and frequent feedback. Lean project management emphasizes reducing waste and lowering costs.
In conclusion, Project Management is an essential part of the success of any organization. It is important that businesses and organizations make sure they have a clear plan of how they want to manage their projects and ensure that the project manager and team have the resources and knowledge necessary to ensure project success.