The Process of Project Management Essay - 1831 Words

A project is a temporary activity undertaken to produce a unique product, service or result. This activity called project, has three clearly defined components to it, namely Time: A definitive start and end date. Cost: A definitive budget for the activity to take place. Scope: Magnitude of work including the deliverable and/or goals that has to be accomplished. On the other hand, project management is a practice of applying knowledge, skills, tools and techniques to the project activities to achieve the project requirements effectively and efficiently (Heagney, 2012; Project Management Institute , 2008). A project manager is one who practises this project management.The project management, while accomplishing the project, undergoes†¦show more content†¦Here, the problem that a project would set out to solve, is defined at a broadest sense. Problem in this context, is not meant in a negative sense but a business case that would provide a reasoning for initializing a project. The project manager, project team and the project board are appointed in this phase. The project board consists of representatives from each of the stakeholder’s groups. They form an authoritative body looking after the project (Project Management Institute , 2008). Planning: Planning phase gives a clearer view of what is to be done in a project. It involves planning for scope, time, cost, risk, quality, communication, human resources and procurements. This planning should be carried out by the project manager with the help of the whole project team and suppliers. In other words, the people who do the work should help plan it (Heagney, 2012). In this phase, first, the scope is analysed completely. For which, the project manager conducts interviews to understand and document the stakeholders’ needs. After that, with the help of the project team, the project manager documents the detailed description of the product or service including the magnitude of work and all the deliverables, the project sets out to produce and, the strategy with which it is going be proceeded.Show MoreRelatedProject Management : Management Process770 Words   |  4 PagesProject management is a procedure to arranging and directing project methodologies from beginning to end. Project managers should be able to meet scope, time, expense, and quality objectives of activities, also they ought to encourage the whole methodology to address the needs and desires of individuals included in the project. It is a job to manage project’s goals, timeline and budget clearly. Project management process have these key components. †¢ Integration Management †¢ Scope Management †¢ TimeRead MoreProject Management Process3879 Words   |  16 PagesProjects are composed of process. 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