Project Management is the procedure of systematizing and managing resources in such a way that these resources deliver and execute the task required to accomplish a project within a defined range, time, and cost constraint. Furthermore, it is the management approach of setting and attaining goals while optimizing the use of multiple resources such as time, funds, manpower, equipment, energy, space etc. over the course of a project.
Project management is an art and a science, an artistic science with a goal driven methodology. Now a days people like to adopt Project management jobs in Islamabad or in other cities due to its high scope and high ratings in job industry.
Literally almost all the individual and business activity involves carrying out a non-repetitive task to achieve their definite goals.
So we all practice project management? Not necessarily!
A project is always provisional and a one-time attempt undertaken to achieve some specified result or outcome with definite start and end points. Each project must have a procedural and scientific approach. This art of management secures optimum results with nominal efforts resulting in maximum prosperity and contentment both for employees and employers.
The procedure of coordinating and controlling an undertaking from beginning to end may be further partitioned into 5 fundamental stages:
1. Project Origination and Launch
A thought for a task will be deliberately analyzed to figure out if or not it advantages the association. Amid this stage, a choice making group will recognize if the task can sensibly be finished.
2. Project Definition and Arranging
A project arrangement, undertaking contract and/or project extension may be placed in composing, sketching out the work to be performed. Amid this stage, a group ought to organize the task, compute a financial plan and plan, and figure out what assets are required.
3. Project Dispatch or Execution
Assets’ undertakings are conveyed and groups are educated of obligations. This is a decent time to raise imperative task related data.
4. Project Execution and Control
Project administrators will stand up in comparison project status and advancement to the genuine arrangement, as assets perform the planned work. Amid this stage, project directors may need to alter plans or do what is important to keep the task on track.
5. Project Close
After task assignments are finished and the customer has affirmed the result, an assessment is important to highlight project achievement and/or gain from undertaking history.
Projects and project administration courses of action differ from industry to industry; on the other hand, these are more customary components of a task. The larger objective is regularly to offer an item, change a procedure or to take care of an issue so as to profit the association.