Project Management

Introduction

Project Management

Project management is an approach to organizing from beginning to end the progress of a project. When project management involves a set of projects promoting the same objective, we talk about program management.

Project management is a management that is characterized by:

The irreversibility of the operations of the participants,

A high degree of freedom of actions of the participants,

An organization dedicated to be scalable and temporary

The cash flows of investment can be negative,

There is a strong influence of variables external to the project.

Issues in Project Management

Called project finalized a set of activities and actions undertaken in order to meet a defined need within fixed time periods and within the budget allocated. Unlike operations that are repetitive processes, the essence of a project is to be innovative and unique.

Project management is a temporary action with a beginning and an end, mobilizing identified resources (human, material, and equipment, raw materials, informational and financial) during implementation, which has a cost and is therefore subject to a budgeting of resources and an assessment independent of the company. The project outcomes are called supplies or deliverables. A project, once it is sufficiently complex and important issues, is a set of actions to a definite result, known and measurable. The project is limited in time and always has a concept of novelty and change.

Importance of project management

In today's world, project management has become an integral part of a successful company. With a sufficiently intense competition is difficult to ensure effective operation of the company is not planning terms, without considering the costs and risks. In today's market success can be achieved, the companies that address the needs of the market and produce their products or provide its own set of services required in a particular moment in time, ie in time. Slippage is a major problem in almost every sphere of activity. This leads to an increase in total costs and of course reflected in the company's profits. The use of technology project management enables organizations to reduce the duration of the projects, reducing the total cost. The application of project management technology allows an average of 10-15% reduction in the cost of projects, thereby increasing the efficiency of the company. The methods of project management make the business a "transparent" and manageable, and allow you to implement projects as soon as possible with limited resources. One of the major challenges for managers, directors, and team leaders is the formation of teams of high performance. Creating high performance teams are not a mythological theme; however it is not easy to find this type of equipment often. To be able to build a high performing team you must create an environment of trust, leadership, good communication, clear understanding of the objective to achieve and the participation of each member trying to maximize their strengths.

Project life-cycle management

Organizations are divided into many areas and need to manage jobs. For example, a company could be divided into 5 different departments: ...