Paper Topic:

Project Management

Project Management

Introduction

Discipline of organizing and managing resources (e .g . people ) is known as `Project management . Scope , quality , time and cost constraints are required to complete a project with in defined way . A project is well defined as a provisional and one-time venture , which is undertaken to create a unique product or well we can say service . The project management is to make sure , that a project is delivered within defined constraints this is the first challenge . And now the second one , extra determined challenge is the optimized share

and addition of inputs desirable to meet pre-defined objectives . A project defined as set of activities , which use resources such as money , people , materials , energy , space , provisions communication , etc . to assemble the pre-defined objectives

Traditional Constraints

Under certain constraints projects need to be performed and delivered which is like any human undertaking . Conventionally the constraints have been scheduled like scope , time , and cost These points are also referred to as the Project Management Triangle , and in this triangle each side represents a constraint

Project Management Triangle

These three constraints are competing constraints and they increased scope typically means increased time and increased cost . A tense time constraint might denote increased costs and reduced scope . And a fixed budget could mean increased time and reduced scope

Time

The time constraint , which is refers to the amount of time available to complete a project . For analytical purposes requirement of time to produce a deliverable , estimated to using several techniques . There 's one technique that is use to identify tasks wanted to create the deliverables documented in a `work breakdown structure ' or WBS

Cost

The cost constraint , which is refers to the budgeted figure available for the project . Cost for developing a project is depend on several variables . Which is including chiefly resource quantities , labor rates , material rates , risk management , Earned value management , plant for buildings machines , etc , equipment , cost escalation , indirect costs , and profit

Scope

The scope constraint are refers to as , what must be done to produce the project 's end result and the requirements specified for the end result . The overall which is `what the project is supposed to accomplish ' and an exact of what the end result should be or accomplish . The quality of the final product is the major component of scope

These three constraints have known rise to the phrase "On Time , On Spec , On Budget . In this situation the term "scope can substitute with "spec (ification

Project systems

To develop a project five elements are necessary , one of them is control systems and other four stages

Project control systems

Project control system that is an element of a project , that keeps it on-track , on-time and within budget . Project control begins the project with planning in early and it ends late in the project . It contains post-implementation reviews that are having a thorough participation of every step in this process Each project could be supposed to be assessed for the appropriate level for desired control...

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