When students are enrolled in a project management course, they receive a great deal of outside work. For example, they may be given projects or case studies to complete and submit for grading. Unlike other courses, project management courses require students to produce written documentation that we refer to as assignments. When you are enrolled in a project management course, you will likely need assistance with your assignments, particularly if you are not accustomed to writing professionally or if English is not your first language. If this is the case and you find yourself struggling with the requirements of your project management assignment, one of our experienced and qualified writers can help.
Project management is the area that starts with Planning, Organizing and handling the resources to get successful completion of the projected goals and objectives. Students who are practicing their careers in project management and project development subjects often feel difficulty in completing their Project management assignments. This is because they need wide knowledge, skills, and proficiency to complete their assignments successfully.
The main objective for effective project management is to achieve all goals within a stipulated period with limited resources available. The process of project management involves various activities such as identifying customers' requirements and needs, defining scope, designing a product or service that will fulfill those needs, setting budgets for each activity or stage, assigning tasks to different team members as per their skill set, following up on progress from a day-to-day basis, making needed changes when required during execution stage or any stage before final delivery.
Project management is a lot like driving. You’ve got your destination in mind, but you can’t just get in the car and start driving. You need to plan the route, make sure you have enough gas and snacks, and know what you’ll do if traffic is bad or a road is closed. Then, once you get on the road, you have to navigate the twists and turns of each mile of the journey.
Different project management professionals may use different terminology for these phases, but their intent is usually similar. To understand how these phases fit together in an effective project management system, we will highlight some of the most common ones below.
1. Initiation Phase
The initiation phase is the first phase of the project life cycle. The goal of this phase is to define the problem or opportunity that is the reason for undertaking a project to determine whether the project should be pursued and how it should be defined and planned. During this phase, you will document your idea for a project and prepare a business case that explains why you should do this work. This phase results in authorization to proceed to the next stage of planning.
As the name suggests, this is where you plan your project. The initiation phase is critical because it creates a roadmap for the entire project. You define your goals, resources required, timelines, and deliverables. The planning phase consists of:
2. Planning Phase
In this phase, all activities related to planning for the execution of the project are performed. This includes gathering requirements, developing scheduling and resource plans, estimating cost and creating a budget, developing quality plans etcetera. This information is documented in a Project Plan which will be used.
The purpose of this phase is to ensure that everyone understands what needs to happen to complete the project successfully. If a team knows what they are working towards, they are more likely to work together effectively and efficiently. First, a vision statement for the product or service resulting from the project is developed. Then, each objective is broken down into tasks and subtasks with clear deliverables so that everyone on the team understands what their responsibility is within each stage of development. Every task should have a target date for completion.
3. Executing Phase
Once you have a plan in place, it’s time to go ahead and do it! During this phase, you’re executing your tasks and timeframes as defined in your plan. You need to keep communicating with your team so that everyone is on track and getting their work done as needed.
The responsibility of the project manager is to maintain the communication between the client or project stakeholders and the developers. So that everyone will be in sink with the flow and the project will execute smoothly. Any requirement or any problem should get solved at the priority to avoid the delay in delivery. Many options or platforms are available on the internet today. So many software are providing the facility to manage the project with the team, like assigning tasks, putting up the deadlines, etc.
4. Monitoring & Controlling Phase
As you go about your project, you need to be monitoring its progress and making adjustments along the way to ensure everything stays on track. The monitoring and controlling phase of project management involves measuring progress toward project objectives, comparing progress to the overall plan, and taking corrective action when necessary. The third and fourth phases of the project management process are not sequential, but run simultaneously with project execution, thereby ensuring that objectives and project deliverables are met. The monitoring and controlling phase of the project management process is directly linked to the initiating and planning phases.
The monitoring and controlling phase takes place throughout the project. During this phase, project managers use a variety of tools to keep a close eye on ongoing projects, including cost control systems and reporting mechanisms. Project managers must also monitor operations against performance metrics to ensure that all aspects of a project are moving along at an appropriate pace.
The project monitoring and controlling phase include the following processes:
5. Closure Phase
The final stage of a project includes completing all project deliverables and ensuring that they meet the customer’s requirements. The project manager needs to ensure that the required quality is achieved in every deliverable before it is delivered to the customer. Any pending issues should also be resolved before ending the project.
Other than the well-wishers, most of the project team is happy to see the end of the project. It's been a busy period, and often stressful. The project manager's job at this stage is not only to close down the business element of the project but also to make sure that people understand they have made an important contribution to a successful outcome.
The following are some of the activities that must be undertaken during this phase:
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Marketing Management:
Marketing management involves promotions and selling of products or services. A marketing manager is responsible for doing market research on the various technique of promotions of the products and services.
Risk Management:
This type of management involves analyzing the threats and risks to the capital. The manager needs to identify these risks and make the management accordingly. Risk can be a type of threat, legal liabilities project, deliberate attack, natural disasters, etc.
Operation Management:
A practice of converting materials and labor into
goods and services is called operation management. It helps to establish
communication within the organization among the resources working on the
project.
Supply Chain Management:
It is the flow of goods and services and includes all processes that transform raw materials into final products. The process involves the streaming of supply-side activities to maximize customer value.
Human Resource Management:
The process of selecting candidates from colleges
or universities appropriate for the project. The selected candidates are
provided with the training according to the requirements.
Business Management:
It is the process of managing and maintaining the strategies of the workflow for the ongoing process of running projects. Business managers always help employees reach their top productivity levels by overseeing operations.
Strategic Management:
This process includes the strategic planning for setting goals, objectives, procedures to invoke the competitive environment within the organization. It helps the smooth deployment of the projects.
Change Management:
It includes the research on updating and evolving techniques and tools of project management to implement them within the process. It helps in the development of the organization.
Stakeholder Management:
It is important to involve stakeholders in the process of development to ensure a smooth deployment. Every individual should to in communication with the stakeholder to analyze the stakeholder's needs and expectations.
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