Every piece of work is a project if it is planned to achieve a specific goal and that is why every project needs management so that it can be completed within budget and on time. Project Management is divided into four major phases namely Initiation, Planning, Monitoring, and Closure. Project initiation and planning define the scope of a project, roles, and responsibilities, Project milestones, risk mitigation plan, etc. for the successful execution of the project. Project Monitoring ensures that the project is On the track, highlights any issues and Closure ensures that all the deliverables of the project are high quality and provides support upon completion. Learn more about Project Management and how to build effective Project Management presentations
There are many project management tools that are employed to plan and implement projects. The most common project management tools are Gantt Charts and Work Breakdown Structure. These tools are used to define project timelines and split major tasks into small more manageable tasks respectively. Here are some Gantt Chart template and Work Breakdown Structure template examples. Companies also use team management tools such as Microsoft Teams and Asana to track tasks and team performance.
Project Management functions can be divided into five different phases in order to successfully complete and execute a project. The Phases Initiation Phase, Planning Phase, Execution Phase, Monitoring Phase, and Closure Phase. The Project Management process is implemented to ensure cost controls, manage quality, and that the project gets completed on time, within scope and budget. Check out this detailed article on Project Management Planning.
Project Management is important for every project because it defines a plan for the project, schedules tasks and events, encourages teamwork and setup communication structure, maximizes resource utilization, controls cost, and manages quality. Project managers also devise a mitigation plan in case anything goes with the project. Check out this detailed article on Project Management Planning.