PROJECT MANAGEMENT

Project Management

Project Management

Introduction

Project management is an essential process through which a business is able to successfully define, plan, monitor, control and deliver a project in such a way so as to realize the defined benefits in the most comprehensive manner. Projects are singular and transient plans that are typically undertaken with the aim of achieving a desired outcome (Young, 2010, pp. 34-39). Since it is common for projects to bring about change, project management is identified as a highly effective and efficient way to manage such change. It incorporates various techniques and uses a wide array of methods in order to bring a defined project to completion while also ensuring that all the required outcomes have been met (Young, 2010, pp. 34-39). The techniques and tools involved in the project management process help in describing, controlling and delivering a series of activities that are identified by defined deliverables, budgets and budgets. In the case of SME Company, a set of critical project management initiatives need to be taken in to consideration in order to effectively bring to successful completion the expansion project that the company has undertaken (Young, 2010, pp. 34-39).

Discussion

From a text book perspective, a project manager's primary role is rather easy to explain. A project manager is one who looks into use of knowledge, abilities, resources, and techniques to explain, arrange, manage and control the various venture procedures. Having said that, the tasks and required a venture administrator vary from organization to organization (Panneerselvam & Senthilkumar, 2010, pp. 21-25). It is important to understand what part a particular venture administrator will play in a certain organization or company. With increased demand of project management in all areas in general and software industry in particular, need for better tools to manage software businesses is also increasing (Panneerselvam & Senthilkumar, 2010, pp. 21-25). The project management strategy that SME Company must adopt should be good and effective while also being fast and robust. Therefore, the following processes should be incorporated into the strategy:

Planning

Planning is a key part of the overall process of managing a project venture. In the case that a project is not initiated on the right footing, it will end up with problems such as remodeling, budgetary issues, routine setbacks, etc. While some might be influenced to leap in with both legs and start composing value or ripping down surfaces, the venture administrator needs to help provide a strong kick off factor for the venture (Mu¨ller & Turner, 2010, pp. 45-53). It is this kick off factor that will help figure out whether the venture will gradually be effective or not (Mu¨ller & Turner, 2010, pp. 45-53). This kick off factor is the moving off factor for the venture and the group, and it is worth the persistence to make sure that there is a good base for the venture in the long run instead of moving thoughtlessly into something that is not completely recognized by the venture group. Here are a few key factors to keep in mind ...