PROJECT MANAGEMENT



Project Management



Project Management

Introduction

To be competitive in most markets today, companies must have a way to manage costs accurately and understand profitability. More than ever before, companies and workgroups are looking for tools that will help employees and project managers track projects efficiently as well as provide quality cost and profitability data. By implementing a timekeeping solution for the purposes of accurate project costing, organizations are obtaining valuable insight into which projects are profitable and which ones are not. Project-oriented timekeeping data is also used by forward thinking companies to bid on future projects, stay within budgeted costs, allocate the appropriate number of resources, and track projects while they are underway. These project-oriented timesheet solutions deliver more than just an attendance tracking system. They provide organizations with the tools necessary to understand the impact of time and resources on project profitability.

Project definition

Project management is the discipline of planning, organizing, securing, and managing resources to achieve specific goals. A project is a temporary endeavor with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables), undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value. The temporary nature of projects stands in contrast with business as usual (or operations), which are repetitive permanent, or semi-permanent functional activities to produce products or services. In practice, the management of these two systems is often quite different, and as such requires the development of distinct technical skills and management strategies.

In Scope(Deliverables) Product Deliverables Project deliverables from management

Deliverable is a term used in project management to describe a tangible or intangible object produced as a result of the project that is intended to be delivered to a customer (either internal or external). A deliverable could be a report, a document, a server upgrade ...