You will be able to deal with projects in a logical manner.
You will understand the framework for your project.
In most cases a project manager is assigned at the stage when the project charter is being prepared for a project. It would be nice to have the project manager involve in the project from the early going itself so that he/she can have a great understanding of the project. The project charter provides the project manager with the authority to use organizational resources to run the project. Remember that formally speaking, project charters are prepared external to project management by an individual or a committee in the organization. In other words, the actual project management starts from where the project charter ends. But practically speaking, the project manager who is going to manage this project might actually be involved in writing the project charter. The project approval and funding will still be external to the project management boundaries.
The Project Team is the group of individuals who you will hire to get the actual work done for the project. They are the actual members who do the work that you planned during the planning phase. First you Acquire the Team, then you Develop the Team, then Manage and Motivate your team.
It means that your project has gone over its budget. When planning a project, a project manager must estimate things such as cost, time and effort and these estimates will get written into a plan which gets approved by those with authority. The project manager then proceeds to get the work done within these constraints of cost and time. However, projects never go according to plan. There are always things which take longer than planned, or cost more than planned. It's good practise for the project manager to track costs and time during the project and to update the plan with "actuals" IE. the actual costs, effort and time taken. These can vary considerably from what was originally forecast (IE. estimated) and the project manager will then adjust the plan according to the actual cost, time and effort and the new forecasts for the remaining effort, cost and time. Ideally the revised plan also needs to get approved, especially if the revised forecasts show they will exceed the original forecasts. If the revised plan does not get approved, the project should close because it's no longer worthwhile to continue.
In a typical development shop, a java developer does the actual work while a java project manager receives the credit in addition to a much larger pay check. Generally, the term "java project manager" implies that a resource knows neither java nor project management. However, the atypical title allows a java project manager to easily hide his/her lack of knowledge. Take the following conversations as examples of a typical verbal exchange with a java project manager: Java Developer: "Hey Java Project Manager, i am having problems with an out of memory exception in my servlet container, how do i view the contents of my heap?" Java Project Manager: "I am sorry, i am mostly a Project Manager, it has been along time since i have programmed java" or Senior Manager: "Hey Java Project Manager, how is your project plan going? When i tried to level your resources in M$Project, the end date was 2012" Java Project Manager: "I am sorry, i am not very good with M$Project, i have been working on solving an out of memory exception which is holding up one of my developers" Your mileage may vary however.
I can only think of 2: - Scope inflation: This happens when the scope grows beyond the actual required to get the work done. - Scope Creep: When the customer asks for a lot of changes and the Project Manager accommodates.
1. Project Management Project management is the overall process of leading a project from start to finish. It involves planning, organizing, executing, monitoring, and closing a project to meet specific goals. A project manager ensures resources, timelines, and risks are properly managed. Think of it as the big picture strategy that guides the project. 2. Project Planning Project planning is a specific phase within project management where goals, timelines, tasks, budgets, and resources are outlined. It involves creating detailed plans such as Gantt charts, risk assessments, and communication strategies. Simply put, it’s the blueprint that ensures smooth execution. Project Implementation Project implementation is where the actual work happens. It’s the execution phase where teams follow the plan to complete tasks, meet deadlines, and deliver results. This phase involves problem-solving, adapting to changes, and ensuring deliverables meet quality standards.
Project Planninng: Planning is the primary process of anything. Project Planning is the Pre-requisite of any start of the project.This is the Initiation phase ,which is criticai to the success of the project.Effective project planning takes into consideration all aspects of planning including stakeholder engagement, benefits mapping, risk assessment, as well as the actual plan (schedule) itself. The three most cited factors for project failure are: •lack of stakeholder engagement, •lack of communication, and •lack of clear roles and responsibilities. These factors therefore, need to be considered very early on in the creation and planning of any project. Agile project planning: Agile management or agile project management is an iterative and incremental method of managing the design and build activities for engineering, information technology, and new product or service development projects in a highly flexible and interactive manner, for example agile software development. It requires capable individuals from the relevant business, with supplier and customer input
Risk Management is extremely important because every project has atleast a few Risks that may affect it and if the manager doesnt plan for them, there is a 100% probability that the project will be a failure. That is why every manager has to plan risk management and execute the plan diligently Risk management planning is the process used to decide how the risk management activities for the project at hand will be performed. The major goals for planning risk management are threefold: Ensure that the type, level, and visibility of risk management are proportionate to the actual risk involved in the project and the importance of the project to the organization; secure sufficient resources, including time for risk management activities; and set up an agreed-upon basis for evaluating risks. To be more explicit, you use the risk management planning process to determine the following: • How to approach the risk management activities for this project • How to plan the risk management activities • How to execute the risk management activities
From initiation/authorization to completion/closure, a project goes through a whole lifecycle that includes defining the project objectives, planning the work to achieve those objectives, performing the actual work, monitoring and controlling the progress, and closing the project after receiving the product acceptance or after cancellation of the project.
From initiation/authorization to completion/closure, a project goes through a whole lifecycle that includes defining the project objectives, planning the work to achieve those objectives, performing the actual work, monitoring and controlling the progress, and closing the project after receiving the product acceptance or after cancellation of the project.
From initiation/authorization to completion/closure, a project goes through a whole lifecycle that includes defining the project objectives, planning the work to achieve those objectives, performing the actual work, monitoring and controlling the progress, and closing the project after receiving the product acceptance or after cancellation of the project.
A project manager uses the Cost Performance Index (CPI) as a key performance metric to assess the financial efficiency of a project. By comparing the earned value (EV) of the work completed to the actual costs (AC), the CPI helps determine if the project is on budget; a CPI greater than 1 indicates good performance, while a CPI less than 1 signals cost overruns. This information guides decision-making and helps the project manager implement corrective actions as needed to keep the project on track financially.