Project Management Principles

Project Management Principles

Introduction

Project management is referred as the discipline of controlling, motivating, organizing and planning resources in order to get the specific objectives and goals. Project management is an art (and science) of organizing and managing the components of project, whether the project is the launch of latest product, a promotional campaign, a development of new service or a wedding. It is often observed that, a project is not a component of common business operations (Gido & Clements, 2009). The project is created once, it is specific and it is temporary. Therefore, a project has pre defined end and beginning time. It is often observed that, the accomplishment of project utilizes resources; these resources may include time, materials, cash or people. It is often observed that project has funding restrictions. In order to execute successful project, an appropriate and effective project management is highly required. Researches and surveys show that, project management is mainly linked with the managing and planning change within the organization. In this scenario, the techniques and tools of project management play a vital role in the success of project (Turner, 2007).

The main objective of the project management is to attain all the goals and objectives of project while following the predetermined constraint. The primary constraints of project management may include budget, quality, time and scope. The proceeding paper demonstrates all the aspects and principles of project management. The proceeding discussion illustrates all the features and factors of project management that may play a vital role in the accomplishment of successful and effective project.

Discussion

Project management is referred as the process of controlling, motivating, organizing and planning of resources in order to get desired goals and results of projects. A project is nothing more than a temporary venture, along with pre determined end and begging. The principles and process of project management plays a vital role in the accomplishment of these projects. In this scenario, the effective techniques and strategies help the organizations to complete the project in a more convenient and effective way (Gido & Clements, 2009).

Project management life cycle is considered as the most important feature of project management. This life cycle may greatly help the organizations in understanding the defining the project. The project management life cycle may also help the organizations and businesses to plan their project while considering all the possible risk factors that may affect the effectiveness of project. The project management life cycle is briefly described in the proceeding discussion.

Project Management Life Cycle

Project management life cycle (PMLC) is referred as the technique which may help the organizations in addressing and concentrating the needs of project management. This tool may greatly help the organizations in maintaining and controlling the process of project management. Researches, surveys and case studies show that PMLC (project management life cycle) has four phases. These phases may include closure, execution, planning and initiation. Each and every phase of PMLC is briefly described in the proceeding discussion. It is often observed that, these phases ...