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Project: an arrangement or effort of resources directed toward a specific project or aim. This can involve a financial expense for the provision of a service or a social obligation. As on a PRINCE2 Weekend project management training qualification.
Stage: A procedure or series of events leading up to a conclusion.
The project management approach, when applied in conjunction with the solid project management program, results in clear direction and understanding of the project within the accounts and at all levels within the firm.
Projects are not only measured in time, but also in cost.The mission of your company is for your company to be what its customer needs. If you do what is expected of you, within the budget, you’ll be successful.
Project Management
Many professionals failed to recognize the importance of project management. When project management was introduced to the discipline, business professionals discovered that it is essential to maintain control over all areas of the business, from product development to sales. The implementation of project management meant that projects are directed to a purpose, with specific roles and responsibilities. Although projects and projects management are two different entities, the role of each have gradually Come together into a single entity called project.
Project Management is a business process focused on the planning, allocation, and organizing of resources in order to bring about a planned outcome. When that outcome is accomplished in an agreed time frame, it is said to be a project. Most projects cost money. The use of project management in organizations correlates with cost control.
It’s a good idea to implement a project management plan so that everyone on your team knows the proper tools, schedule, process and team involved in the project, keeping unnecessary questions and communication to a minimum.”
Critical Business Processes
Project management is one critical business process that are valuable to an organization. However, project managementdo me NOTtake up all of an organization’s time. It does, however, play an important role in how the organization functions, performs, and manages its operations.
Without a doubt, no specific process can be very effective without a well- defined set of recognized business rules, processes, procedures, and steps to follow. Quality solutions, for example, are as much about method as function.
This means that the development and implement of a company’s project management processes – how projects are directed, coordinated, and completed – is very much a part of Quality Management implementation.
Project Management Modules
There are countless project management modules that can be built into a quality management process. These management modules can help project teams to improve upon the quality standards (as defined by the customer, an organization or an organization’s business unit).
Many managers and team leaders are uncomfortable building their own project mential modules, thinking that module units would have a negative impact on their organization. However, these project management modules are not meant to replace the activities included in existing systems ( Latin terminology: these are not extensions. They are additions to and added to existing systems). Attempts to develop project management modules from scratch often destroy the organization’s resources, and ultimately cause more harm than good.
Project Management Processes
The (so-called) project management process is broken down into two major, separate phases: initiating and managing.
Initiating- a project is initiated once the project manager has met the customer or stakeholder requirements. In many cases, the project is begun without understanding requirements and end up with a print-on-demand solution. Initiating a project is a time-consuming, useless activity.
Managing- once a project has been initiation, it is necessary to manage the project from the initiation through completion.
Various activities within a project create a cost for the organization, provide a benefit, or complete a task. They also cost money. Managing a project is a series of activities designed to work together at all cost to achieve benefit is the responsibility of the project manager and all workers.
Using the Phases in Project Management
Finally, these are important phases that must be matched for it to help build the approach to achieving the target. Some of these are known to you as stages or phases. Whatever name they are, they have been done right to develop and document the processes and procedures needed to succeed.
The Following are the Primary Phase in Producing and Congractiving a Producing Plan
Initiating phase
The most important part of this phase is to talk to the customer or stakeholder regarding requirements. It begins by reviewing the business objectives of the project (if you are not the customer, other stakeholders within the organization will have this information on the project’s objectives) to determine who the customer is, their needs, and how you will coordinate with the customer’s organization.
Reviewing Processes
Some of the processes within this phase are expanded upon in the next phase.
Read More on KulFiy
Guidelines for PRINCE2 Project Management
Project Management in a prince2 context
Guidelines for PRINCE2 Project Management
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