| Project management is the procedure of | | | | 2. Change oriented. |
| systematizing and managing resources in such | | | | |
| a way that these resources deliver and | | | | 3. Functional coordination. |
| execute the task required to accomplish a | | | | |
| project within a defined range, time, and | | | | 4. Planning and control. |
| cost constraint. Furthermore, it is the | | | | |
| management approach of setting and attaining | | | | 5. Constrains of time, cost, and quality. |
| goals while optimizing the use of multiple | | | | |
| resources such as time, funds, manpower, | | | | 6. Unique art. |
| equipment, energy, space etc. over the course | | | | |
| of a project. | | | | 7. Knowledge of multiple sources. |
| | | | |
| Project management is an art and a science, | | | | 8. Better utilization of sources and tools. |
| an artistic science with a goal driven | | | | |
| methodology. | | | | Technical competencies for successful project |
| | | | management: |
| Literally almost all the individual and | | | | |
| business activity involves carrying out a | | | | |
| non-repetitive task to achieve their definite | | | | |
| goals. | | | | 1. Risk Management |
| | | | |
| So we all practice project management? Not | | | | 2. Integration Management |
| necessarily! | | | | |
| | | | 3. Scope Management |
| A project is always provisional and a | | | | |
| one-time attempt undertaken to achieve some | | | | 4. Procurement Management |
| specified result or outcome with definite | | | | |
| start and end points. Each project must have | | | | 5. Time Management |
| a procedural and scientific approach. This | | | | |
| art of management secures optimum results | | | | 6. Communications Management |
| with nominal efforts resulting in maximum | | | | |
| prosperity and contentment both for employees | | | | 7. Budget Management |
| and employers. | | | | |
| | | | 8. Quality Management |
| The characteristics of projects being interim | | | | |
| or a one-time undertaking can differentiate | | | | 9. Human Resource Management |
| it from operations that are permanently | | | | |
| enduring functional work to create the same | | | | Project management ensures responsibilities |
| outcome. However, there is a big difference | | | | clearly defined and resources focused on |
| between carrying out very simple tasks | | | | specified objectives. The project management |
| involving few individual business goals | | | | process also provided a structure for |
| versus projects that involve complex blends | | | | communication within and across |
| of people, resources, budgets, workforces, | | | | organizational boundaries. All the projects |
| and time constraints. | | | | share similar features and follow similar |
| | | | processes. This has led to the development of |
| Therefore, this result oriented management | | | | project management tools and techniques that |
| process with technical skills and philosophy, | | | | can be applied to all projects, no matter how |
| scientific procedure and organizational | | | | diverse; however this managing process may |
| methodology, results the requirement and | | | | face a variety of challenges as well. |
| development of project management today. | | | | |
| | | | Successful project management always is |
| Any venture that is a collection of linked | | | | result oriented and should envelope its goals |
| activities with a clearly defined start and | | | | as follows; |
| finish point carried out in an organized | | | | |
| manner, to achieve some specified goals is a | | | | |
| project; and to make it successful it entails | | | | |
| a management system. | | | | 1. Project must be completed. |
| | | | |
| To make a particular project successful it | | | | 2. Project must be competed within the |
| requires an effective solution that delivers | | | | budget. |
| to the standards required and within the | | | | |
| established time and cost constrains. | | | | 3. Project must be completed within allocated |
| Project management is a series of activities | | | | time. |
| embodied in a process of getting things done | | | | |
| by working with members of a project team in | | | | 4. Project must perform to satisfaction. |
| order to reach the project schedule, cost and | | | | |
| technical performance objectives; in addition | | | | Possibly because project management is so |
| combining the systems, techniques and | | | | much associated with information technology |
| workforce to control and monitor activities | | | | (IT) these days, many relate "project |
| undertaken within the project. | | | | management" only with technical skills; |
| | | | however in spite of the technological |
| Project management coordinates the resources | | | | advancement, it is yet a universal fact that |
| necessary to complete the project | | | | the human creative workforce lie at the heart |
| successfully. The main objective of project | | | | of any organization and its systems, to |
| management is a successful project execution. | | | | overlook this artistic side of project |
| A project will be deemed successful if it is | | | | management can lead to project mismanagement, |
| completed at the specified level of quality, | | | | resulting in project failure. |
| on time and within budget. | | | | |
| | | | The fusion of art and science by developing a |
| Prime characteristics of project management | | | | proficiency in the art and expertise in the |
| are as follows: | | | | science, a project management plan can boost |
| | | | the success velocity for their projects, and |
| | | | will be better able to accomplish projects on |
| | | | time and on budget, without sacrificing |
| 1. Objectives oriented. | | | | quality. |
| | | | |