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IISCM | Civil Jobs in Talegaon, Pune | Project Management Course in, Pune

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Project Management and Four Phases | Job Oriented Course in, Pune | Career in Construction/Civil in Talegaon, Pune

Project Management and Four Phases | Job Oriented Course in, Pune | Career in Construction/Civil in Talegaon,  Pune

A project is a set of interrelated activities, usually involving a group of people working together toward a common goal or objective over a period of time. If you're managing a project and you want to ensure its success, you need to transform what may begin as a vague concept into a measurable and accountable process that meets your company's requirements.

Project management, then, is the planning, scheduling, and orchestrating of project activities to achieve objectives within a specified period of time. Not surprisingly, project management requires strong organizational, budgeting, staffing, controlling, and communication skills.

By managing projects effectively, you generate immense benefits for your company. Here are just a few examples:

  • You ensure that things get done on time and on budget. These achievements add predictability to your organization's work.
  • You minimize costs. By finding ways to deliver on objectives within reasonable planning horizons, good project managers reduce costs.
  • You utilize resources effectively. Sound project management makes more efficient use of money and valuable employees' time.
  • You add value to the business. Projects are a key means by which organizations reach their strategic goals

There are four phases of project management which are required to manage projects efficiently on quality, time and costs.

1. Defining and organizing the project: Defining project is the first step in the project management process. In this process you identify the business need for and objectives of the project; clarify competing demands and watch for scope creep. Organizing projects means defining roles and responsibilities, create a project charter, and develop high-level time and cost estimates. Organizing of the project is an important step towards planning of the project.

2. Planning the project: Planning phase of the project management is done based on organization done in the previous step. In this phase you assemble your team and assign tasks to individuals, develop a budget for the project, develop a schedule and create a communications plan. While doing planning for the project, effective and clear estimate of the time and costs are done. If any changes needs to be done in the planning for more clear estimates of time and costs, sometimes organization of the project is reviewed.

3. Executing the project: In this phase of the project, team is ready to launch the project. Team members monitor and control progress in terms of cost, time, and quality; and manage risk. It is kept in the mind that during the execution of the project, it is required to keep the process monitored for timely completion of the project, as per schedules.

4. Closing down the project: Once the execution of the project is completed, the project team evaluates the team's performance, documents related to the project are achieved, lessons learned form the experiences in the project is captured and celebrate the project's completion.

Article used by Institute of Infrastructure Studies and Construction Management (IISCM) for educational purposes.

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