Project management is the coordination of information, tools, ability, and methods to perform the various projects. It needs the proper planning and systematic effort achieve the goal of the particular project. The main objective of the project management is to using the various resources with systematic planning can lead to achieve the goal of the organization.
The project management covers planning and proper management to achieve the goal of the organization. Project management pursues various tasks like preparing the feasibility report, planning, execution, assessment and hold/maintenance.
In simple term the project management is the division of the any company or organisation to utilise various sources from different discipline of the organisation to fulfil the common objective to achieve the predecided scope, quality and in the timeline by managing the cost. Any project has either short term objective or long-term objective. The strategy to achieve the goal of the organisation depends on the predecided objectives.
The project management require management and technical skill. With the co-ordination of the two techniques the require objective will fulfill with restraints and optimise the assign resources. In short project management is a task to managing the resources through proper planning and execution to fullfill the goal.
The function of current management techniques and structure to the carrying out of a project from begin to end, to realize preset aims of scope of the project, quality, time and cost, to the same agreement of persons occupied with the task.
The project management covers planning and proper management to achieve the goal of the organization. The main objective of the project management is to using the various resources with systematic planning can lead to achieve the goal of the organization. Project management pursues various tasks like preparing the feasibility report, planning, execution, assessment and hold/maintenance. Every projects either it is management, HRD, or Engineering project need to go through various task. There are different types of projects executed but some characteristics are matches with some features are common. These features are:
Managerial task decides the scope of the work. The scope will get change as the project reaches at the different stages.
Construction of the project:
Depends on the scope of the work the construction of the project carried out. The main aim of the construction work is finish the construction work in time to manage the cost factor. It needs proper planning, skilled workforce and timeline to finish the different part of the projects. So in construction the time and cost these two factors are very much important.
Computerization of the new project is the part of the scope of work so once the project design get completed based on the scope than the programmer can start working on the same line. Some time minor alteration comes due to technical aspects change in the construction work.
The design of the project is really a brainstorming work. It needs special skills to implement properly. It is based on the client’s feedback and scope of work. High quality design can make the task easy for engineers.
It is essential to complete the project within the time limit so atomization of the project is very much important for that it needs installation of systems and various types of equipment for smooth process.
In any project time management is crucial. It can save millions of dollar if the project gets finished within the time limit.
In project management task, product development is one of the most crucial tasks. It involved several resources and technology with proper product research as well as market research. More funds are needed in the product development task.
Research & Development:
In many projects particularly in pharmaceuticals Research & development is one of the crucial aspects and said to be a base for the development of the company. It needs lots of funds with proper infrastructure and skilled Man Power.
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