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by Anny Bank Assignment GlobalUnder the management study, there are
many fields, in which project management is a major dealing with the process of
the project life cycle. There are four different phases of project management are
1.
Initiation
This phase
of project management involves developing a business case, identifying the
scope of the project and to find the project stakeholders that mostly get
affected by the outcome of the project.
2.
Planning
This phase
involves creating a workflow, accumulating resources and setting up the budget
required to complete a project.
3.
Execution
This phase
involves instructing team members, supervising the quality of work and
maintaining the budget as per design.
4.
Closure
This is the
last phase of project management, in which the project and team results are
analyzed , documenting project closure and accounting of used and unused
budget.
Project Management Assignment help
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Lacking the importance of the project
management subject is also one of the reasons students are not showing interest
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project management.
·
Project
management ensures that the deliverables delivered is right and has real values
contrary to the business opportunities.
·
Project
management ensures the proper planning to execute already set strategic goals.
·
Project
management ensures that whether the quality of end products is up to market
standards or not.
·
Project
management improves leadership qualities.
·
Project
management educates with the management of risk factors and solutions before
becoming issues.
·
Project
management ensures to follow an orderly process that is without fail following
the project life cycle step by step.
·
Project
management generates experts who can understand the process apart from those
who perform the things.
·
And from project
management, we get to understand the clear do and don’ts from success and
failures.
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Created on Feb 26th 2019 00:59. Viewed 572 times.