Project Management

            Project management refers to the process of tackling new grounds and bringing individuals together in order to achieve a clear goal more quickly and proficiently (Reiss, 2007).  It refers to the shared set of standards, philosophies, procedures and methods- the governance, which enable the project management panel to deliver a successful project (Paul, 2011).  Project refers a short-term endeavor with a defined start and end, which is pursued to achieve a common goal and purpose. The basic idea in a project involves making a positive contribution, add value or make a change.

Project management involves various processes, which include project planning and project scheduling. Other stages include implementation, monitoring and controlling (Paul, 2011). In the planning stage, the manager identifies and states the content of a project and the main objectives of carrying out the project. He then identifies the appropriate individuals to assign the work in terms of qualification and competent. Project scheduling stage involves stating all activities, their relation, how the tasks will be pursued and the time required to complete the project. The manager also defines the number of individual and the amount of money required to perform the task. In the implementation stage the manager provides the required resources and the work begins. In monitoring and control stage, one supervises the work to ensure that everything goes as required and finally appropriate measures are taken where necessary.

             Every individual, company or country exercises project management in day to day activities (Reiss, 2007). One may decide to build a permanent building and on the other hand, a company may decide to open a new branch to increase sales and profit. All these are projects that require proper management in order to realize them. As the project management involves tackling of new ideas, this means that there are new problems that an individual is likely to encounter. Most of those challenges may require things that an individual is sort of. An essential example includes time and finances (Reiss, 2007). Therefore, it is important for an individual to solve challenges that he/ she can foresee before the project is compromised to prevent failure.

 

 

 

 

 

 

 

 

 

Reference

Paul, R. (2011). Effective Project Management: Identify And Manage Risks Plan And Budget Keep Projects Under Control. New York: Kogan Page Publishers

Reiss. (2007). Project Management Demystified. New York: Routledge.