Friday 18 December 2015

What is project management?

Project management is a combination of operations such as applying knowledge, skills, tools, techniques in a project followed by the deliverables of the project. As whole project management is managing time, cost and the scope of a project.
 - Generally the project management is the part of internal organizational functions.
- To perform all the tasks in the project execution we need an organization structure which will strategies the project execution & implementation.
 - To carry out the project successfully one must have a clearly defined goals & objectives.
- There are several tools available for the successful project management in the market.Most common names can be coined as PERT , CPM , MS_PROJECT , GANNT CHART etc.
 - The WBS (Work Breakdown Structure) is very important in the context of project management . - The project management characteristics are complex,unique,involves high risk,constrained by time & cost.
- The project management is very much resource intensive.
- Ultimately , the successful project depends on the manger's efficiency, effectivity & performing standard of the core managerial activities , i.e. planning , organizing , staffing , Directing , controlling & coordinating.

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