Project Management

Project Management

Introduction

Project management (PM) has been defined as project monitoring and controlling. Many concepts and practices in project management are now well established and standardized. As part of most university programs in engineering, economics and computer science field Basic knowledge of project management are taught. Worldwide, there are some organizations which are dedicated to the field of project management. The three best known are:

The American Project Management Institute (PMI) with the PMP certification

The UK Office of Government Commerce (OGC) with the Prince2 certification

The International Project Management Association (IPMA), the IPMA certification

Its subsidiaries in the countries, Germany for example, the GPM offer, (including) certifications on different levels, details of which are available in the articles related to the associations. Their PM processes are fundamentally independent of industry and project content, however, based on these methods, often individual process models derived, in which specific features of the project product (vs. for example software. Bridge) or the type of project (e.g., software development, maintenance, process changes in companies), often practices in each company to be considered.

Discussion

In order to achieve the objectives of the intermediate and main project management is utilized in a restricted time. It encompasses, inter alia, execution scheduling, and planning control of the responsibilities necessary to accomplish the objectives of the project.

The easiest way to say that the area of project management is efficiently dedicated to accomplishing the objectives of project while neutralizing the impact of existing limitations and risks, as well as being a specific area committed to developing the proper communication and motivation among the team members of the project team.

One of the significant project management components is the applicable knowledge of reducing the failure risks of the whole life cycle of the project. The risks connected to the project are chiefly from the lack of ability to purge the connected uncertainty with the events of future at every phase of the project consequential from the communication dynamics among the team members, ineffective planning, factors associated to external environment and the project team's performance variables.

On the contrary, the term project management is described as the defining and accomplishing science while maximizing potential application of resources including money, people, time, etc. It is the field of duties and activities of majority of people, encompassing the project manager, sponsor, and degree of proficiency needed the most outstanding role in the whole project that is the project manger's role. In ...