A project is a carefully planned temporary endeavor designed to produce a unique product, service or result with a defined beginning and end, carried out individually or collaboratively, undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value. The development of software for an improved business process, the construction of a building or bridge, the relief effort after a natural disaster, Localization project management. the expansion of sales into a new geographic market — all are examples of projects.
All projects must be expertly managed to deliver the on-time, quality expected by the client, on-budget results, learning and integration that organizations need. But the project may not be managed by one single person and the duration of a project may also vary. All involved in the project work with a single goal of accomplishing the project effectively, on time and to the satisfaction of the customer. So, a project team often includes people who don’t usually work together – sometimes from different organizations and across multiple geographies.
Project management, then, is the application of knowledge, skills, tools, and techniques to project activities to meet the complexity of project requirements. Project management brings a unique focus shaped by the goals, resources and schedule of each project. Project management is recognized as a strategic competence that is indispensable to the success of any business. The primary challenge of every project management is to achieve all of the project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, quality and budget. The secondary challenge is to optimize the allocation of necessary inputs and apply them to meet pre-defined objectives. Once the client’s objectives are established, they should influence all decisions made by the team involved in the project -to name a few- project managers, designers, contractors and sub-contractors. Ill-defined or too tightly prescribed project management objectives are detrimental to decision making. Hence the project manager’s high-level project planning – managing the project’s goals, dependencies, available resources, together with its timeline and budget, is vital for every project for its completion with 100% success. Project managers are organized, passionate and goal-oriented who understand what projects have in common, and plan their strategic role in how organizations succeed, learn and change.
High-level planning is not just planning of the project but requires a manager’s overseeing of the project and a project management tool helps to manage resources within your organization, and assign people to projects based on their availability. The project management tool is useful to track the activities to manage a single project or working on multiple projects with multiple deliverables and tasks. PulseHRM has resource management that assists project managers to handle scheduling, time tracking and leave management with ease.
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