Project Management

Project Management:-

It is an art that comes by experience. It is about planning, implementing, monitoring and tracking, and adopts new procedures while optimizing the use of resources. Project manager will be responsible for the outcome of the project. The different activities done by a project manager are as below

1. Involve in pre sales activities

2. Involve in feasibility study

3. Design a strategy

4. Prepare a detailed plan for the implementation of the strategy

5. Estimate for the resources

6. Acquire human and material resources

7. Assign the activities

4. Monitor and adopt best practices

5. Mentor the team to achieve the goals

6. Communicate with the stakeholders and management on the status of the project

7. Analyze the results and control the course of action

8. Closing the project and getting a feedback from the stakeholders as part of continuous improvement

All the above activities are to be performed to keep the project variables under control.

The different project variables are as below:

Time -
The amount of time required to complete the project.


Cost -
Cost to complete the project including the hiring cost, development, infrastructure required, training needs etc.

Quality -
This is dependant on the time factor. If the time given is less than the required one, quality will be beaten up.

Scope -
Requirements specified by the customer for the end result.

If any of the variable changes it affects any of the other 3 variables. Example if the scope of the project has increased then either the cost of the project is more or time taken to complete is increased or quality is affected.