Cycle and advantages of project management

Cycle and Advantages of Project Management

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• It is determining:Plan of actionGoal/Objective Schedule of project activitiesTime limitsRisks and shortcomingsPresent situation

1. What Is Project Management?

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Sponsors Project ManagersSubject matter expertProject coordinators Team members

2. Who Plays Vital Role?

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Finance the project

Commission the project

Helps in defining the goals

Offer support

3. What Sponsors Do?

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Look after day to day advances of the project

Resource allocation

Motivate and manage team deliveries

4. What Project Managers Do?

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Handover inputs on feasibility

Update team

Develop mutual understanding between team members

Work on expertise development

5. What Subject Matter Experts Do?

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Act as bridge between the team and the manager

Stay updated with the advances

Prepare project plan

Update time lines

Prepare project report

6. What Project Coordinators Do?

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Work on project

Execute the plan

Give out deliveries

7. What Team Members Do?

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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

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Poor Project Management: Mar creativity

No accountability to risk

Hampers productivity

Budget exceed

Infect the organization

9. Cycle of project management

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Sketch the structure

Set the goal

Checking feasibility

Anticipate result

1. Initiative

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Draft the plan of the project

Calculate costing

Set up scope

Set the deadline

Think about risks

2. Planning

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Check out what to deliver

Meet the clients

Resolve the issues

Check the performance

Address changes

3. Execution, Monitoring and Controlling

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Settle the crisis

Disclose the result

Prepare report

Take feedback

4. Closure

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