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