The person with authority to manage a project.
Responsibilities usually include managing the budget and workplan, planning, performance and all project management procedures.
Responsibilities may vary widely depending on the company or organization and may be specified in the project charter.
Project Management is the acquired knowledge and skills applied using a formal set of tools and techniques to initiate, plan, execute, monitor, control and close projects.
In today’s economy, all business lines have incorporated Project Management as an integral part of their operational practices. Project Management has helped businesses to accompalish their pre-defined objectives within the defined time limits. Project Management has facilitated all business sectors to make profitable decisions as well as operationalize strategies to bring their projects to completion.
Project Management has brought profitability to various Business Lines in numerous ways. Few of the important ones have been summarized below. Project Management has provided:
‘Project Management Training’ refers to practical, real-world, hands-on experience for project managers in learning the principles and practices that lead to effective and successful project management.
Project management training has traditionally revolved around the benefits of a set framework of principles and ‘best practices’ that are a part of effective project management. Modern management methodology moves beyond the classroom environment of set guidelines and promotes a climate of adaptability and the crucial habit of applying the lessons learnt from past experience. In either form, the value of such training cannot be underestimated, as investments in project training make measurable improvements to an organization’s bottom line.
Tools are the means that help managers and the team members successfully plan, manage and execute the different tasks involved in each project.
Given the wide range of project management tools available, the key to selecting the right one is understanding that different tools are needed along the different stages of a project life cycle.
During all phases of the project, Milestones Reviews and Business Plans take a leading role, whereas in the Initiation phase, Project Charter, Business Plan, Project Framework (or Overview), and Business Case Justification are essential.
Throughout the stages of a project’s lifecycle, diverse tasks or activities prevail in terms of relevance. Since a typical project usually involves a large number of tasks of varied nature, different types of software packages are needed along the way to help the project manager and project team handle the multiple project tasks efficiently. In this article we will walk you through the most well-known categories of software packages for PM (project management) and we will give you some valuable tips on how to select a PM software package that is right for you.
Project managers are in high demand presently as companies try to increase their core competencies in the area of projects managements. This is why many managers attend project management seminar in order to get the necessary skills to effectively manage project teams.
The question is how you can pull together people with diverse skills and from diverse backgrounds.
For this new breed of leaders, success will demand a synergy of all the diverse skills such as group management and multidisciplinary teams. Managers will need to find out the most appropriate management style to make sure that the project team work well together and that project are implemented effectively.
The Project Planning Phase follows the Project Initiation Phase and is the most important phase in project management. The effort spent in planning can save countless hours of confusion and rework in the subsequent phases.
The purpose of the Project Planning Phase is:
- Establish Business Requirements.
- Establish Cost, Schedule, List of Deliverables and Delivery Dates.
- Establish Resource Plan.
- Get Management Approval and proceed to next phases.
The Project Management Plan establishes project management’s interpretation of the why, what, how, who, how much, and when of the project.
It is a baseline tool used as a reference for managing the project. It is one of the most important document in the overall planning, monitoring, and implementation of a project and should be “owned” by the project manager and his/her team. The plan should include: A definition of overall objectives, statements on how these should be achieved (and verified) Estimates of the time required The budget Quality policy Safety, health and environmental policies if appropriate The risk management strategy. Other items of a technical, commercial, organizational, personnel or control nature can also be included.