Benefits of Project Management

A project manager must be a skillful planner and can inspire his or her team to produce as needed. Per LaBrosse (2007), project management can be used throughout the organization to boost personal and collaborative productivity by building a standardized system that embeds best practices into the way projects are managed” (p.26).

Executive Summary Project management is the science of planning, organizing, executing, and managing the resources needed to achieve a specific goal. Effective project managers (PM) strategically facilitate the entire project management process to ensure the project’s success. To do this the PM must adequately meet the specific requirements (i.e., time, scope, quality, and cost) set forth by the project and its stakeholders. It is theorized that PM must possess a set of core competencies in order to successfully manage a project. Those competencies are development of project management knowledge areas, application of appropriate project management tools and techniques, understanding of the project

Project Management is the art of arranging, sorting out, spurring, and controlling resources to attain specific objectives. A project is a brief endeavor intended to deliver a unique product, service, attempted to meet extraordinary objectives and goals, commonly to achieve helpful change or included quality.

Project management is defined by BusinessDictionary.com as, “Approach to management of work within the constraints of time, cost, and performance requirements.” Project management requires careful planning and studying all of the factors involved with in the project. Project Managers must first establish the needs of the stakeholders and provide a project plan which includes the cost and time frame the project will be completed. In addition, projects requirements should be clear and concise to ensure the Project Manager stays within

Project management is the discipline of planning, organizing, and managing resources to bring about the successful completion of specific project goals and objectives. It is often closely related to program management (Wikipedia).

A good project management plan takes some preparation it includes the basic concepts of proper planning, organization and great project manager management skills. It includes a variety of resources that come together to achieve a certain goal. As project manager it is imperative that he or she deliver the necessary results within the time limitation as well as within the allotted budget. Effective project managers allocate certain aspects of the project to their team in order to ensure the project’s success.

What is project management? Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. (PMBOK 2004)

Projects are unique because it is a one-time operation designed to accomplish a set of objectives in a limited time frame. They all involve planning, preparation, and coordinating work that is to be done. Priorities must be set in order for the project to be accomplished. Project management techniques and software is necessary to maintain a schedule and budget performance. Project Management is the set of knowledge, skills, and abilities that plan, organize, implement, control, and complete projects given finite resources of people, equipment, and time.

A project manager is assigned to achieve the project goals by the organization, usually from the Project Management Office. They have many responsibilities and priorities. A project manager is required to be flexible, have solid knowledge of project management practices and strong leadership and negotiating skills, and have good judgment. The details of the project and the overall project perspectives should be understood by the project manager, who is also responsible

    Project stakeholders are people or groups who have an interest or a stake in a project and its outcomes.

The traditional approach to project management is to identify where he or she is right now, and what he or she is trying to accomplish, and the steps needed to take to arrive where he or she wants to be. Project management is the process of activities or tasks that lead to the successful completion of a project. Carrying out a simple project that involves two or three individuals or one that involves a mix of individuals, tasks, and organizations is a big difference. If an individual has an unlimited amount of money and time, project

Project Manager: the person responsible for leading a project from its inception to execution. This includes planning, execution and managing the people, resources and scope to create an end product.

Because of this, project management is important because they often are able to assess risks and find solutions for them before the problem starts of before it becomes bigger. Organizations are finding that project management is an important part of their organization if they want it to succeed, but the project management team will also need to understand the project life-cycle and the benefits of working with it.

Project irrespective of their size or complexity have 5 basic process groups that adhere to the PMBOK and the 10 knowledge areas. They are initiating, planning, executing, monitoring, controlling and closing. These which allude to the use of knowledge, skills, tools and techniques to project practices to gratify project requirements, is what is project management. (PMBOK??) The project manager is responsible for consummating and integrating the project management process in to a project. Projects are executed with the premise of achieving Organisational objectives that cannot be addressed within an organisations generic contours. The 9 knowledge areas from the PMBOK that facilitate these Organisational

Project management is a series of steps taken in sequence to manage a project through all phases from conception to completion. The steps are documented in a strategic plan. The plan is used to ensure that all parties are working towards a common goal. Project management requires applying knowledge, skills, tools and techniques to specific activities in accordance with established standards and guidelines. There are five basic functions of project management: planning, organizing, staffing, directing, and controlling. Basic activities of project management include: identifying project requirements to define the outcomes; addressing various needs, concerns and expectations of others; setting up, maintaining and carrying out communications; managing others; creating project deliverables; and balancing competing project constraints.