PROJECT MANAGEMENT

Project Management

[Name of the Institute]

Project Management

Part 1

Definition as well as Features of Project Management

Project management can be well-defined as a planned work to achieve a particular project. This mainly includes the following: 1) planning, 2) organizing as well as 3) managing all the resources. All these three features lead towards success in attaining the project. Project management consist of the forecasting a project, classifying tasks as well as goals that ought to be attained. However, a very well-executed project automatically leads in achieving the accomplishment of the business. Project management is linked with (5) five types of progressions which comprise of:

Initiation

Planning

Executing

Controlling

Closing

A fruitful project can be evaluated on the basis of these steps. Professionally, project management should be carried on the basis of different projects as well as the goals which are set up in order to achieve it.

Managing any nature of project is mainly based on managing the resources, optimizing the entire results using precise tools in the observation of each as well as every stage. Applied to work, plan as well as manage projects is to define objectives productive short, medium as well as long term depending on which schedule activities as well as resources are organized under a management control system as well as evaluation of results. The article signifies 10 important tips that are relevant with respect to project management estimation. First, we can say that the management of risk as well as opportunity within a project is an on-going process that continues through all phases of the life cycle of the project as well as, therefore, good management is an important contribution to success of future projects that you make. The person responsible for this process is the project manager, which has to ensure both their welfare as well as for the rest of the team, always attentive to the risks as well as opportunities as they arise. Moreover, as long as necessary, the director must use expert consultants to support the decisions is taking over the project as well as to lead to a success in it.

Steps Identified in Project Management

According to Parker in the year 2003 he clearly cited the various steps that are a major part of the project management.

Any nature of project in Project Management follows the format or the structure of the organization. So, the organization's design does not have to be seriously changed. Project management should be carried on the basis of different projects as well as the goals which are set up in order to achieve it.

Cost Estimation in Project Management

The cost of the project will vary depending on the type as well as amount of memory needed for each machine. The computers were bought at varying times based on when the programs began or had funds available. For that reason, I am unable to just go out as well as buy a set amount of one type of memory. I would need to go from computer to computer as well as check to ...