Literature Review On Project Management

‘Project management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements’ (Project Management Institute, 2009, p12). Once a project has been approved a project manager is assigned to the project, and ‘is expected to integrate all aspects of the project, ensure that the proper knowledge and resources are available when they are needed, and ensure that the results are produced in a timely, cost-effective manner’ (Meredith and Mantel, 2010, p5). In order to allow this to happen there are several key aspects of a project which need to be carefully thought out and controlled.

Purpose – The purpose of this literature survey is to know more about the project cost management and how the project cost management will affects the process in the project management.

In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.

Project Management has become a very essential and popular business tool in recent years. Every successful project must have a person in charge to keep the project organized. Project management includes areas in integration management, scope management, time management, cost management, quality management, human resource management, communications management, risk management, and procurement management. Also, The Project Manager deals with standards and regulations of the project, project environment, management skills and interpersonal skills. A project manager must have strong leadership skills. All of these are key ingredients

The company I work for is a private engineering consulting firm. Brown and Caldwell is the largest engineering consulting firm solely focused on the U.S. environmental sector. Our services include utilities, government, technology, industry, water, and environmental. I am currently working on a project in which involves increasing the number of monthly project reviews, which is an area that I am responsible for monitoring. This area is the most monitored of all because my organization has a large issue meeting the company required metrics put in place by the Project Management Office. I have until our fiscal year end to

As outlined by the Project Management Institute, project management is the coordination and monitoring of labor and resources for the duration of a project. [1] Many disciplines practice project life cycle management, which originated in the information technology field. However, any industry that undertakes complex initiatives now uses the practice to manage resources. The construction industry applies project management to build structures for many purposes, such as:

Project management has quickly become something that is used by most organizations when the organization wants to finish a project in a timely manner and within budget. Project management helps companies to meet their strategic mission in a planned and organized way. This paper will explain what project management is and the importance of it to the business world, the project life-cycle management and the benefits that project management has to an organization and the concept that goes into the planning of the life-cycle and how research and critical thinking is a mandatory part of planning. This paper will also explain project organizations and the importance of leadership and sponsorship, project team building and the techniques

Project management is a relatively young field of professional discipline. The history of project management has been written by Morris, 1994. It shows significant changes and development through the time, also suggesting that some area still needs identifying. Further studies and research are taken to improve project management on five major directions: project complexity, social process, value creation, project conceptualization and development. Meanwhile, strategic/business view, operational/process view and team/leadership view may become the central views for project management research in next few years.

The methods of project management can be applied to plan and design the project management process. Describing the project management process by defining its objectives and by defining its deliverables, makes possible to measure the quality of the project manager. The five stages of project management process are:

The project management is a skill to apply the functions correctly which measures the outcome of the project, the more the skill the nice the outcome will be. This comes through experience and having a proper knowledge of some of the functions like

The role of different project management techniques Is to implement projects successfully has been widely established in areas such as the planning and control of time, cost and quality. In spite of this the distinction between the project and project management is less than precise. This paper aims to identify the overlap between the definition of the project and project management and to discuss how the confusion between the two may affect their relationship. It identifies the different individuals involved on the project and project management, together with their objectives, expectations and influences. It demonstrates how a better appreciation of the distinction between the two will bring a higher possibility of project

According to the Project Management Institute (PMI) , a project is any work that happens only once, has a clear beginning and end, and is intended to create a unique product or knowledge. It may involve only one person, or thousands. It may last several days, or many years. It may be undertaken by a single organization, or by an alliance of several stakeholders. A project may be as simple as organizing a one-day event or as complex as constructing a dam on a river.

project methodology is an entirely characterized blend of consistently related practices, strategies and procedures that decide how best to arrange, create, control and convey an undertaking all through the constant execution process until effective consummation and end. It is a scientifically-proven, methodical and restrained way to deal with project design, execution and fulfillment.

The need to realize big and complex projects dates backs to the early years of civilization and is at the source of necessity to think Projects. Project Management (PM) is now a separate discipline that is adopted by various fields. The usage of the PM continues to grow rapidly by as much as 20 percent per year. The project management institute, for instance, the professional association of the project management increased its world-wide membership to over 70,000. The need for the efficient and effective management is widely recognized (O’Sheedy, 2012). Therefore, the field of project management theory and practice has taken tremendous strides forward in the past few decades (Demeulemeester & Herroelen, 2002: 20-21). PM has gone through the long

Project management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. Project management is practised through application and integration of various processes.