PROJECT MANAGEMENT

Project Management

Project Management

The definition of project management

Project management is an approach to organizing from start to finish the proper conduct of a project. When project management is 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 the actions of participants,

An organization dedicated to be scalable and temporary

The cash flow of investment can be negative,

A strong influence of variables external to the project.

Importance to the business world

Followings are the importance of the Project Management in Business World;

Enables rapid response to changing demands. Provides the ability to adapt to change and manage change. The reasons why the Project Management can respond more quickly follow.

Maximize the capacity of the organization: Get more for less cost. Project management identifies all functional responsibilities towards fulfilling the mission of the company, ensuring that all organization members know their responsibilities. It also identifies potential improvements in processes, providing time and cost savings.

Coordinates the various internal and external resources. In many cases, one source has contact with different areas of the company and not takes advantage of the synergies that this can provide.

Provides an overview and improves communication within the company. It allows to transfer knowledge between departments which otherwise would act sealed. Sets overall objectives beyond the visions of each group, department or area. Manage budgets and costs throughout the organization. Allows setting priorities within the various actions pending.

Through proper project management creates a "know how" in the company may use that experience to the planning and implementation of future projects.

It provides a correct perception of the real capacity of the team, and that maximizes the synergies between the different members.

Allows you to identify risks and problems early, allowing corrective actions to design time.

It provides a customer-centric view, as the project manager is usually the sole interlocutor of the client and defends the interests of the same within the organization.

Provides information to management and reduces the need for all team members are doing reports constantly, since the information is centralized in the Project Manager.

Ensures quality, allowing the customer to provide a result in line with the requirements and suitability for use.

Project life-cycle

A project developed in various stages that occur and relate to each other forming what we call the "project cycle". The cyclical nature is justified since it is part of an existing reality and arrives at the same reality but transformed the targets set. Once raised the generating idea of the project is a "development" and "growth" in the project formulation stage, a "maturity" during the implementation and operation, and finally a "sunset" ending in the "disappearance". Throughout the project cycle have to take large numbers of decisions that solve certain problems in a previous phase Initially the decisions taken are few in number but of great importance for the development of the project, as we move forward in the cycle the progressively increasing number of decisions to the ...