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Project management is the discipline of planning, organizing,

securing and managing resources to bring about the successful completion of


specific
project goals and objectives. It is sometimes conflicted with program management,
however
technically that is actually a higher level construction: a group of related and
somehow interdependent engineering projects. A project is a temporary endeavor,
having a defined beginning and end (usually constrained by date, but can be by
funding or deliverables),
undertaken to meet unique goals and objectives usually to bring about beneficial
change or added value.
The temporary nature of projects stands in contrast to business as usual (or
operations) which are repetitive,
permanent or semi-permanent functional work to produce products or services.
In practice, the management of these two systems is often found to be quite
different,
and as such requires the development of distinct technical skills and the adoption
of separate management.
The primary challenge of project management is to achieve all of the engineering
project goals
and objectives while honoring the preconceived project constraints. Typical
constraints are scope,
time, and budget the secondary�and more ambitious�challenge is to optimize the
allocation and integration of
inputs necessary to meet pre-defined objectives.
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The importance of Project Management is an important topic because all
organizations, because they small or large, at one time or other, are involved in
implementing new undertakings. These undertakings may be diverse, such as, the
development of a new product or service; the establishment of a new production line
in a manufacturing enterprise; a public relations promotion campaign; or a major
building program.
On a macro level organizations are motivated to implement project management
techniques to ensure that their undertakings (small or major) are delivered on
time, within the cost budget and to the stipulated quality. On a micro level,
project management combined with an appropriate information management system has
the objectives of: (a) reducing project overhead costs; (b) customizing the project
workplace to fit the operational style of the project teams and respective team
members; (c) proactively informing the executive management strata of the strategic
projects on a real-time basis; (d) ensuring that project team members share
accurate, meaningful and timely project documents; and (e) ensuring that critical
task deadlines are met. Whilst the motivation and objectives to apply project
management in organizations is commendable, they do not assure project success.