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Project Management
Project management is a carefully planned and organized effort to accomplish a successful project. A project is a one-time effort that produces a specific result, for example, a building or a major new computer system. This is in contrast to a program, which is 1) an ongoing process, such as a quality control program, or 2) an activity to manage a series of multiple projects together. In some countries, the term "program" refers to a software tool and the term "programme" can mean a TV or radio show.
Project Management
Project management includes developing a project plan, which includes defining and confirming the project goals and objectives, identifying tasks and how goals will be achieved, quantifying the resources needed, and determining budgets and timelines for completion. It also includes managing the implementation of the project plan, along with operating regular 'controls' to ensure that there is accurate and objective information on 'performance' relative to the plan, and the mechanisms to implement recovery actions where necessary.
Project Management
Modern project management is designed specifically to deal with this situation. With flexible project teams and resources focused on the needs of the enterprise, project-based planning and implementation enables the alignment of corporate effort with corporate strategy. Managing by projects helps not only to accomplish this goal but also to develop those qualities of initiative and effectiveness that senior management must have if it is to survive in the future.
Project Management
For the benefits of project management to be realized, it has been suggested that three principle ingredients must first be in place. These are: Support from senior management Agreement and commitment at the level of responsibility; and A willing acceptance at the level of impact.
Project Management
Top managers who plan to introduce the project management discipline, or who wish to improve existing project performance, must pay attention to cultural, structural, practical and personal elements. Project management demands quality information, discipline and goal-orientation and requires team-working skills, rather than rigid functional divisions. Its primary focus is on what has yet to be done, and who will do it, rather than the achievements of the past. It is as much about mobilizing the energies of diverse team members as it is about procedures, tools and techniques.
Project Management
Project managers are sometimes selected for the depth of their technical competence alone. This can be a mistake. Certainly, he or she must have a good understanding of the technical nature of the project in hand to be able to separate real issues from vested interests. But the primary areas of competence required by every project manager include communication; the ability to get the best out of the real specialists; and planning, forecasting and decision-making skills the very stuff of future senior management.
Stakeholders are all those groups, units, individuals, or organizations, internal or external to our organization, which are impacted by, or can impact, the outcomes of the project. Key Stakeholders are a subset of Stakeholders who, if their support were to be withdrawn, would cause the project to fail.
Project Management
The benefits of project management contain all the elements of what is a truly symbiotic relationship between manager, client and worker bee. In fact, its this very application of knowledge, skills, tools and techniques that ultimately will meet or exceed a stakeholder's needs and/or expectations on any given project.