Project management is the process of managing all the jobs and tasks in a project to finish it within specified period of time. It is the process of working and completing the project within the scope according to the requirements given by customer and stakeholders. Project Management is one of the most sought after skill in the industry.
With Digital Transformation initiatives getting momentum, more and more companies today are looking for project managers either from software service providers or as internal hires. It is therefore no surprise why many graduates and post-graduates are seeking for project management assignment help.
Project Management assignment help is a process of making use of number of techniques, tools and techniques for defining, designing, controlling and managing project from start to the final stage. The practice helps in determining the cost, time and scope of a project.
Project management involves planning, organizing, scheduling and monitoring the work in order to get the desired result that meets the requirements and satisfaction level of customer.
One needs to consider various points while deciding on project management such as plans should be flexible so that it can be easily changed as per requirement or need; it should be feasible in terms of resources available and economic limit available.
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Phases of Project Management
What is project management? When does it start and stop? Learn about the five phases of project management, where you are in the phase, and what your next steps should be. Share this whitepaper with your team or managers and learn why learning about project management will lead to better projects for you. Managing a project is more than just a linear process. Starting a project, or phase of a larger project, is often the most exciting part of the process. People are positive and full of high energy, much like a new romance.
Everyone wants to do their best and is brimming with excitement about the future. As the project moves on, however, things begin to change. People lose interest or perhaps get tired; they miss deadlines or lose faith in the project. What happens? Are your projects like that?
This article focuses on the complex and iterative nature of project management, a key factor in its success. Learn why it’s important to revisit phases of the project and how revisiting these phases can help avoid major rework and lead to successful outcomes.
Organizations today use the project management process to accomplish a wide array of goals successfully. In this course, learn about the traditional stages of the project management process—initiation, planning, execution, monitoring and controlling, and closing—as well as some unconventional (but effective) approaches.
Discover how team members must work together in order to initiate a new project, develop a solid plan for execution, and assess their progress during every phase. Instructor Bob McGannon also shares how project managers can create an atmosphere that empowers team members and establishes clear communication.
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Project Initiation
Project initiation phases vary from one organization to another, and deliverables are different for each project. A structure is necessary to provide guidance when naming projects, engaging the business and stakeholders, starting up the project, and managing the business case development. This phase includes taking steps to identify a problem, need or opportunity, and determine how it can be addressed through project management.
Upon approval, the project moves into the planning phase. During the initiation phase business leaders meet with stakeholders to define objectives for projects and determine whether they should be pursued.
Any project will benefit from a good initiation process. Good project initiation can help you and your team align on the key details of your project, and in some organisations it’s also necessary to complete a formal initiation process to secure funding and approval for your project.
This phase will initiate and give approval to the project based on management approval. This approval phase is done by defining the projects objectives, including process return on investment, business purpose, expected outcomes, benefits and success criteria.
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Project Planning
The Project Planning phase is all about reducing uncertainty and planning the project. The outcomes of this phase are the Project Plan, which includes a schedule, budget, and any other related resources you and your team will need to complete the project on time. You and your team will also craft a Statement of Work (SOW), which explains in detail the scope of the project based on your client’s goals. During this phase you’ll conduct an Endorsement Meeting with your team to get everyone on board for the next steps.
The project planning phase is the beginning of the software development lifecycle, where requirements are gathered and thought through by both business and technical stakeholders. The purpose of this phase is to design what will be developed, as well as define when it will be delivered.
Project planning connects the business strategy with the day-to-day delivery. Our approach takes us through a discovery phase where we map the organisational needs and goals, to clearly defined user needs and a product that solves those needs.
Our approach to project planning ensures we have a clear understanding of what makes your business unique, and allows us to challenge convention and define a product that will achieve your strategic objectives. What is the project at hand? Who is the audience? What are the deliverables, who will do what, and by what time? In this phase, you need to ask the right questions in order to get the right answers. Make sure you’re asking your team all of the right questions and setting yourself up for success.
The planning phase of a large development project is extremely important to the overall outcome. It is also the most enjoyable and creative stage in the project cycle. There are many tools and methods available to properly plan for a successful project, such as agile and waterfall approaches, Gantt charts, and Interviews with managers or customers.
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Project Execution
Project execution concerns all activities involved in the project management life cycle starting with the project management plan, including the initiation, planning, execution & control, and closing process groups. The scope statement and work breakdown structure are created during initiation. During planning, you create risk register, resource assignment matrix, project schedule, Gantt Chart, Activity Network diagram (PERT Charts), Baseline plans & Project Control Structure. Finally you execute the project as per planned schedule while implementing corrective actions to mitigate any variances from baseline plans.
The execution of your projects is a lot like that. The Project Management Center of Excellence follows a close-looped process to assist your team in the initiation, planning, execution, monitoring and control, and closing phases of the project management process. Whether it’s an IT project or a company-wide initiative, we can help you plan and execute your project. We do this by sending a member of our center of excellence to consult with you as needed throughout each phase.
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Project Monitoring and Controlling
Project Monitoring and Controlling is the process whereby you measure performance against the cost, scope and quality baseline; take corrective action as required, and inform stakeholders of any variances. Get a comprehensive overview of the project monitoring and controlling phases of a project. Understand how to obtain customer acceptance, close projects and accounts, control project changes, report on variances and achieve successful outcomes that meet all business objectives.
Monitoring is ensuring that project objectives are on track. Controlling is taking corrective action to get the objectives back on track. Monitoring, controlling and reporting are essential if issues need to be identified and resolved as early as possible. Outputs such as the Project Management Plan, Project Documents, Work Performance Data, Deliverables and Organizational Process Assets may be inputs for monitoring and controlling processes.
Monitoring and controlling the implementation of a project is an essential practice in project management. Monitor and control describe actions that are ongoing throughout the project life cycle to ensure the realization of benefits. Monitoring is the measuring and tracking of the progress and results of your project against the plan. Controls use this information to evaluate whether action is required to correct poor performance, or sustain good performance in line with objectives.
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Project Closing
Project closing is the last phase of a project, where the progress and results of a project are reviewed. This step includes making any necessary changes, finalizing all documents and wrapping up. Finalize the closing of a project, confirm financials and submit final reports.
Use this stage to wrap up your project and bring it to a successful close. In this stage you will have completed all of the deliverables for your customer. Review a variety of ways to formally close out your project in a professional manner, such that both you and your customers are fully satisfied with the results.