Source : http://jamesit.blogspot.com/2012/11/various-types-of-approaches-for-project.html

Project management acts as energy for the chain reaction of the entire cycle of development. It also helps in structuring each step of the development cycle and describes the technique to be followed during the dangerous conditions. Along with this, management techniques also help in tracking down the rate of success for a project and enhance the understanding of the workforce.

Commonly, any kind of project management approach surround around the three main procedures and they are:

1. Commencement: This stem decides the characteristic and scope of the project. All the fundamental aspects of the project like needs analysis and usefulness, review of present functions, aims are decided. It is the most important stage and if not performed correctly, will lead to failure of the entire project.

2. Planning and creation: This step in project management mainly helps in planning time, resource and cost at the time of development. Risk planning is also done to face uncertainties effectively. Implementing consists of the activities involved in the process to work in co-ordination with the project plan in order to meet the deadlines of various milestones.

3. Control and Monitoring: These procedures validate and confirm the activities and their arrangement with the plan. The quality of activities is also taken into consideration here.

Closing involves the regular acceptance of the developed product. Administrative and other activities are done to launch the product to the customer after intense testing.

Few approaches to manage project are as follows:

Traditional approach: This approach is the fundamental approach in project management. All the above three procedures are implemented in line, with the extension of repetition of some procedures to support the development process.

Prince 2 Approach: It is a composed approach for project management launched in 1996. Each and every specified procedure in this approach, has its important contribution and result with the related activities to be done and specifically mentioned goals of all those activities. Procedures are distinguished into close monitoring of each stage and manageable stage leads to a controlled and organized implementing of activities.

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Ref : http://project-management-blog.tumblr.com/post/35116057790/steps-to-follow-for-a-successful-project-management

An unsuccessful project can lead to revenue loss and opportunity, failure to accomplish business goals, change in path of resources from other activities, weakening of staff morale, and may also lead to business failure. So, as projects get more complicated and essential to business performance, how to enhance your chances of successful project management?

Simple steps to follow for a successful project management are as follows:

1. Get commitment from management and members

First of all, you should have the actual commitment of members and management, the people who will be in advantage because of the project. Make sure that your project has a defendable business situation and that it can offer actual business benefits, so understand both its technical and business aims. You should maintain business focus to prevent the common risks of projects that provide technically right solution but one that doesn’t meet the requirements of the business.

You should make sure that you have a powerful sponsor, someone who is able to sustain commitment in the organization and who will work for it and fight for it if needed at senior management level. It is just not enough to acquire commitment from management and member at the beginning of the project, you should work throughout to sustain it. You can do this by keeping them n the loop and ensuring that they know the latest developments, risks, issues and achievements. This is very important for a successful project management.

2. Describe Goals, objectives and scope

The scope of a project describes what business processes and areas will be influenced. Describe it correctly and convey it to all the members. To prevent any doubt, don’t be scared to say what is not included in the scope. Once mentioned, handle the scope wisely to prevent any “creep”, or broadening of that the project will include. The sponsor or customer should accept changes to the scope, which will definitely mean that the project has to be created all over again and cost has to be planned again. Don’t fall for changed scope without project re-planning.

The customer should explain the complete business goal for the project, the final game that it will accomplish. Once you are familiar with the overall goal, then you can define the business and technical objectives of the business. These objectives will contribute to the overall goal of achievements. They will act as the foundation for high level projects.

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The intention of this article to get an understanding about project management and to provide a brief idea of the methods that establishes most conventionally operated projects. Most of the organizations do not hire full time project manager and it is normal to gather a team to address a particular requirement. Many people are not skilled formally in project methods, participating in a project team can be a good learning opportunity and can improve a career profile of a person.

What is the meaning of a Project?
A project is a one-time and temporary exercise that differs in duration. It is carried out to address a particular requirement in a firm or an organization, which may be to design a product or service or to modify a business procedure. This is how a firm normally works to produce their products or services permanently. For instance the work of a firm or an organization may be to make trucks, so the work is believed to be functional as the organization makes the similar products everytime and people carry out their roles on a temporary basis.

Project management, what it is?
A project is normally started by an anticipated need in an organization. Project management will have a beginning and an end, limitations of budgets, resources and time and includes a purpose built team. These teams include various team members, for instance, customers, IT representatives, business analyst, sponsor, trainers, project leader and other members.

The discipline of managing all the various resources and factors of the project in such a way that resources will deliver the entire outcome that is needed to accomplish the project within described scope, time and cost restrictions is project management. All these things are agreed upon during the stage of project initiation and by the time the project starts all members will have a good understanding and acknowledgement of the process, methods and expected results. An ideal project manager uses an established process that can be used as the project’s blue print, and this is accomplished by hiring a methodology of project management.

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Source : http://jamesit.blogspot.com/2012/11/project-management-what-it-is-actually.html

Source : http://jamesit.blogspot.com/2012/11/learn-art-of-project-management.html

Project management is the process of arranging and handling resources in such a method that these resources provide and carry out the task needed to complete a project within a given time, cost and range. Additionally, it is the management way to arranging and achieving goals while making the optimum use of resources like funds, manpower, equipment, space, funds and energy.

Project management is an art and also a science, it is an artistic science with goal oriented methods. In fact most of the individual and business activity includes performing various tasks to accomplish their exact goals.

A project is always temporary and a onetime effort performed to accomplish some special outcome or result with certain start and finish points. Each and every project should be a scientific and procedural approach. This art of project management makes sure of maximum results with minimum efforts in maximum satisfaction and prosperity both for employers and workers.

The nature of projects being temporary or a one-time operation can distinguish it from operations that are permanently lasting functional task to create the similar result. But, there is a huge difference between undertaking simple tasks containing some individual goals of business against projects that include difficult blends of resources, budgets, time limitations, workforces and budgets.

So, the result oriented management procedure with scientific procedure, organizational technique, technical skills and philosophy, results the need and growth of project management these days.

Any business venture that is a group of linked activities with a clear start and end point undertaken in a systematic manner, to accomplish some particular goals is a project, and to make it profitable it needs a management system.

To make a specific project favorable or successful it needs an appropriate solution that meets the standards needed and within the given time and cost limitations. Project management is a series of activities categorized in a procedure of getting things done by joining hands with members of a project team to reach the schedule of a project, technical performance and cost objectives along with integrating systems, workforce and techniques to manage and analyze activities carried out within the project.