Bring the Right Options for the Project Management Now

According to the Project Management Institute, a project is a temporary initiative with a defined beginning and end. Think about developing a new website, for example, or building a new house from scratch.

Each project has a series of tasks that lead to a single goal. They have constraints, such as the time, people and resources needed to complete the project. Projects can be managed manually or through project management software.

Typically, a project consists of five phases: Start-up, Planning, Execution, Monitoring and Conclusion. Each phase contains specific tasks that will help you achieve the project goals. The project management templates are there for you now.

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  • The ABC of project management
  • The ABC of project management

Here are the six terms that every project manager should know:

Stakeholders: stakeholders are individuals, organizations or groups who can influence a decision (an activity or the result of a project), be influenced or perceive to be influenced by it. In other words: the interested parties are those who have an interest in the result of your project.

Resources: are needed to carry out the project tasks. They can be intangible (people and time) or tangible (equipment, materials and finances). Resources are often defined during the project planning phase. Apply for your pmp certification in bangalore now to know more.

Results (deliverables): they are tangible or intangible goods or services produced following a project. The definition, monitoring and management of the project results are fundamental for the success of the project itself.

Dependencies: Dependencies are the interrelationships between activities, which determine the order in which they are to be performed. There are four types of task dependencies: End-Start, Start-Start, End-End and Start-End.

Timesheet: Time tracking is an effective method of recording and tracking time spent on a specific task or activity within the project. The timesheets can then be used for the calculation of wages, for billing or for optimization.

The iron triangle (or “triple bond”): the iron triangle of project management is the combination of the three most important constraints with respect to projects: scope, time and costs. All three are interdependent: none can be changed without affecting one of the others (or both).

What is project management?

In a nutshell, project management is the art of managing one or more projects. The Macmillan dictionary defines it this way: project management involves planning and organizing the work involved in a project, including deciding how much money, time and people will be needed.

Usually whoever does all this is the project manager? In general, the responsibility of this professional figure is to combine the strategy (planning) with the operations (execution) to complete the project adequately. Firstly, it is necessary to plan the progress of a project and decide on strategic objectives with stakeholders. The plan is then carried out, managing the resources (materials, people, etc.) and the constraints (scope, time and costs) along the way. Get your pmp certification today to know more.

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