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What is Project Management?

by Veronika Zenz
in Business
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What is Project Management?
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People are linked to projects, phases or stages throughout their lives. In business, the same thing happens. Corporations are subject to the fulfillment of some objectives and follow certain strategies defined for their achievement. Each of these objectives could in itself be a project. Thus, before knowing what project management is, we must be very clear what it is not. Interestingly, giving a successful project definition becomes a big challenge for many of the professionals involved in project management. It is a unique, characteristic processes to meet three fundamental principles which are as follows;

The start date
The end date
To follow pre-established requirements related and coordinated with each other including a limited time, costs and resources

In this way, project management is directly connected to the coordination of all the endeavors used to achieve the set objective. This approach is countered by the management of repetitive actions of many organizations. Projects are different challenges for which there are specialized professionals. To this end, the project manager must develop a practicable plan to serve as a guide during the execution of project.

The projects are composed of phases. The first of all is to identify a specific need, and from there begins the planning. The project manager sets the start date, allocate the available resources and some deliverables of each of all the stages or activities that form the same. You have to dedicate time and effort, but above all logic and a lot of common sense. When we work with projects in which we manage a large volume of resources, the relationship of all elements must be extremely efficient if we want to take full advantage of them, and more when we cover limited costs.

In project management, the project manager will necessarily work with uncertainty. Many products or services use agile methodologies to achieve them and it means that throughout its execution may arise unforeseen and difficult issues. The project management will take into account, not so much the new requirements of its client itself, but rather related to how to modify the planning, so that it affects as little as possible to its set. For example, with specific management tools, designed for flexible management, you can check how much it costs to add a certain activity to your project or move that collaborator to perform tasks in that other activity. You will also check the time taken by the changes to get as close as possible to the end date of the project.

Another of the most important areas of project management is managing people. We work with collaborators who will form the project, one of the most difficult aspects to deal with in all business management projects. The team demands constant care and attention. You have to assign appropriate roles to the relevant personnel while necessary training and motivation are practically mandatory.

In this way, the project manager will provide everything necessary for the machinery to work, always controlling and meeting a final goal by an established date. To do so, follow some specific methodologies based on the type of product or service, and answer any questions that arise during its implementation since project manager is basically defined as the person who officially responds to any and many questions that arise in each of the phases.

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