Cycle and Advantages of Project Management

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Cycle and Advantages of Project Management
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1. What Is Project Management?

• It is determining
• Plan of action
• Goal/Objective
• Schedule of project activities
• Time limits
• Risks and shortcomings
• Present situation

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2. Who Plays Vital Role?

• Sponsors
• Project Managers
• Subject matter expert
• Project coordinators
• Team members

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3. What Sponsors Do?

• Finance the project
• Commission the project
• Helps in defining the goals
• Offer support

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4. What Project Managers Do?

• Look after day to day advances of the project
• Resource allocation
• Motivate and manage team deliveries

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5. What Subject Matter Experts Do?

• Handover inputs on feasibility
• Update team
• Develop mutual understanding between team members
• Work on expertise development

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6. What Project Coordinators Do?

• Act as bridge between the team and the manager
• Stay updated with the advances
• Prepare project plan
• Update time lines
• Prepare project report

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7. What Team Members Do?

• Work on project
• Execute the plan
• Give out deliveries

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8. Good Project Management Versus Poor Project
Management

• Good Project Management
• Effective handling of project
• Pushes to showcase full potential
• Earlier identification of problems
• Time-savior
• Cost-effective production
• Results surpass expectation

• Poor Project Management
• Mar creativity
• No accountability to risk
• Hampers productivity
• Budget exceed
• Infect the organization

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9. Cycle of project management
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1. Initiative

• Sketch the structure
• Set the goal
• Checking feasibility
• Anticipate result

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2. Planning

• Draft the plan of the project
• Calculate costing
• Set up scope
• Set the deadline
• Think about risks

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3. Execution, Monitoring and Controlling

• Check out what to deliver
• Meet the clients
• Resolve the issues
• Check the performance
• Address changes

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4. Closure

• Settle the crisis
• Disclose the result
• Prepare report
• Take feedback

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