- The temporary nature of product indicates the definite beginning and end.
- The project end is reached when project objectives have been achieved or when the project is terminated.
Project Stakeholders: Any person who is actively involved in the project
– Project Manager
– Functional Manager
– Operations manager
– Performing Org
– Team members
Project Management: Project Management involves overall beginning and co-ordination of project from beginning to completion. It is aimed at meeting client requirements and ensuring completion on time within cost and demanded quality standards.
- It is the application of knowledge, skills, tools and techniques to project activities for meeting the project requirements.
Essentials of Project Management:
- Monitoring and control
Criteria for Project Management:
- Changing Environment
Project Management Office (PMO): It is an organizational structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques.
Projects and project management take place in an environment that is broader than that of the project itself. A project manager should understand the different organizational styles and cultures that may affect a project. The project manager needs to know which individuals in the organization are the decision makers or influencers and work with them to increase the probability of project success.
Project management success in an organization is highly dependent on an effective organizational communication style, especially in the face of globalization of the project management profession.