Project Management utilises resources to deliver a specific performance result and is a top-management ‘control’ process by keeping these resources in optimal utilisation.
A Project is a temporary task with a clearly defined start and end time (usually Yes, with a soft handshake promise to deliver), for example, design work, duplication, cost savings, innovation, process improvement. As on a PRINCE2 Course Birmingham training.
A very common objective for all project managers is ‘time-critical. These generally refer to the need for the deliverables to be completed within a particular time-based period for example, a stress test for the nuclear programme.
ISO refers to a programme of management, with a minimum of three dimensions: the organisation of the project and all interested in the project, the project manager in charge of the resources and the time required to complete the project, and the products (the delivered deliverables or hence the project).
So what are the benefits in understanding PM?
- Project management means that outcomes are predetermined. From the start, the scope of a project is clearly stated. The products are expressed in terms the project delivers, with the organisation of the project identified whether the main organizational centres are the reusable projects value-adding or the extra cost outcomes.
- Project management is all about understanding the risks, prospects and issues that you will encounter. You must have carefully considered the extent of risk, opportunity and issues control about a hazardous, exciting or potentially risky project.
- Project management leads to early communication of the outcomes required by the business so that these are agreed and approved, and the resources needed to achieve them can be communicated.
- Project management leads to early and regular communication of product information and revised requirements as the deliverables are put into production and finished. It is also central to close monitoring to ensure the initial scope and objectives are completed on track.
- Project management means the knowledge base becomes immediately available for use by everyone who needs to do their job. There is no need to wait for a more senior man to read and check all information to provide decision-making.
- Project management leads to immediate action to increase a projects ability to deliver against its outcomes.
- Like all the other processes in the organisation, project management has the potential to become a bureaucracy. And a business organisation is not any different. It is driven to satisfy its processes, and from this process flows to the rules that define management and operation.
- Project management can focus on the organisation for the organisation’s activities and attain benefits in apart the organisation and with the help of every stakeholder, from the departmental IT person through to the finance department or the income creator. The organisation as a whole will reap the rewards resulting from improved products and solutions.
Project Management has a transparent methodology (and qualification body) to maintain an organisation’s focus and position it. The process can be based on the ‘Flat Planning’ model, structured into Key Performance Indicators.
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Dan Taylor
Dan is responsible for content marketing and branding at GuestPostBlogging. He writes about topics related to startup naming, branding and entrepreneurship.
