Project Management : Project Integration Management

This is to ensure that the necessary raw materials and physical resources are available at each stage, and that the workforce on site has the right skills for the scheduled work. The project management team will need to produce a series of planning documents that can be accessed throughout the project. Each member of the project management team must know their role and responsibilities, including which sections of the workforce they will be directly managing.

The process of Project Management is very detailed – there are multiple phases to properly manage the project (e.g., project plan, schedule, communication plan, risk management plan, and

Project management is managing the work to develop and innovate or even change within an existing operation. There are five steps in this management: Initiating the project, Planning and controlling all activities to keep the project on schedule, executing every phase of the projects process, monitoring/ controlling reviewing and regulating the progress and performance of all phases of the project, Closing process this is where all processes are finalized and completed to officially close the project out.

Project Integration Management | Expert Judgment|-PM Plan is Formal, single document, approved (becomes officially the project plan. It defines how project is executed and controlled. Scope, schedule, and Cost, Change, and Configuration Management plans are created in this process and are part of the PM plan- Scope Management plan is developed here as well.|

During project planning, project teams complete the bulk of their planning work preparing the functional specification and solution design and preparing work plans, cost estimates, and schedules for the various deliverables which they roll up into a master project plan and master schedule. Project planning follows envisioning and is kicked off after the project team meets the requirements of the Vision/Scope Approved Management Review. Prior to

The project plan is a major planning from the entire planning process. But, project managers all over the world struggle with this problem of information or planning need in project management. The development of any project need to be closely linked to meeting defined business objectives and adding value to the organization. The benefits of a project should be well arranged at the beginning so there is clear leads to the success of the project. Software is develop to address an urgent need. The fact that the need is urgent helps to convince the company to dedicate time and efforts to addressing it. For the project engineers, an urgent need means that their work will be appreciated and used in the foreseeable future. And for the management of the company, it means that there is a clear way in how they need to execute things.

Project management plan is the records of all the processes and procedures that are in effect to provide information to project team, manage the scope, costs, time and quality of the project.

An old adage-plan the work and work the plan, in essence this is the key to successful project management. Project Managers (PM) must first plan out the project and then monitor and control the execution of the program work. There is a tendency for projects to short change the planning process. This is a common mistake. The time spent properly planning will result in reduced cost and duration, and increased quality over the life of the project. Using tried and true best practices for a PM will provide assurance that the program /project will be beneficial and successful.

The nature and scope of a project is determined at the initiation stage. This involves analyzing the business needs, developing goals, budgets, tasks, deliverables, and the stakeholder analysis. The project planning stage determines the planning team, develops the scope, and identifies work breakdown structure and activities that will be needed to complete deliverables. The planning stage also estimates time and cost activities, develop schedule and risk plan, and gain formal approval for work to begin. The executing stage involves all processes used to meet the project requirement and involves managing people and resources. The process that entails the identification of potential problems and

The execution of project plan depends on planning the project, supervising tasks and action steps and wrapping steps. To develop the project plan, each organization has follows its own methodologies and project management practices.

Another important factor in the project management process is the execustion phase. Project execution phase refers managing the individual work components that is required to advance the process of the project development. The goal of managing a projects execution is to guide the project to the ultimate goal (www.project-management-knowledge.com). Since the execution phase is directly related to the success of the project, developing a contingency plan can prepare the project for any unforeseeable obstacles. According to Lewwongcharoen and Milosevic, a contingency plan has a positive impact on the outcome of a project. When a contingency plan is prepared, project managers can handle the anticipated changes that occur in the later stages of the project life cycle (Lewwongcharoen & Milosevic, 2010). The banking industry is predictably unpredictable, project managers must be able to adapt to any changes that many occur throughout the course of the project.

All projects are defined by the purpose, objectives and deliverables. Properly defining these, as well as the other aspects of the project management plan will

The project plan is a major planning from the entire planning process. But, project managers all over the world struggle with this problem of information or planning need in project management. The development of any project need to be closely linked to meeting defined business objectives and adding value to the organization. The benefits of a project should be well arranged at the beginning so there is clear leads to the success of the project. Software is develop to address an urgent need. The fact that the need is urgent helps to convince the company to dedicate time and efforts to addressing it. For the project engineers, an urgent need means that their work will be appreciated and used in the foreseeable future. And for the management of the company, it means that there is a clear way in how they need to execute things.

Project Integration Management – management of all processes to ensure proper coordination of the project.

This entails the act of creating short- and long-term plans to guide an organization to continued and increasing success in this highly competitive business environment. Project managers oversee specific projects ultimately designed to make progress toward strategic planning objectives. Implementing projects -- putting planned projects into action -- is important to both strategic planning efforts and project managers in a number of ways.