Cycle and advantages of project management
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The document provides an overview of project management, outlining roles such as sponsors, project managers, subject matter experts, and team members. It contrasts good project management, which includes effective handling and timely problem identification, with poor project management that can hinder productivity and exceed budgets. The document also details the project management cycle, including initiative, planning, execution, monitoring, and closure.
Cycle and advantages of project management
- 2. • It is determining: Plan of action Goal/Objective Schedule of project activities Time limits Risks and shortcomings Present situation 1. What Is Project Management? Vertidigm.com
- 3. Sponsors Project Managers Subject matter expert Project coordinators Team members 2. Who Plays Vital Role? Vertidigm.com
- 4. Finance the project Commission the project Helps in defining the goals Offer support 3. What Sponsors Do? Vertidigm.com
- 5. Look after day to day advances of the project Resource allocation Motivate and manage team deliveries 4. What Project Managers Do? Vertidigm.com
- 6. Handover inputs on feasibility Update team Develop mutual understanding between team members Work on expertise development 5. What Subject Matter Experts Do? Vertidigm.com
- 7. 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? Vertidigm.com
- 8. Work on project Execute the plan Give out deliveries 7. What Team Members Do? Vertidigm.com
- 9. 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 Vertidigm.com Poor Project Management: Mar creativity No accountability to risk Hampers productivity Budget exceed Infect the organization
- 10. 9. Cycleof project management Vertidigm.com
- 11. Sketch the structure Set the goal Checking feasibility Anticipate result 1. Initiative Vertidigm.com
- 12. Draft the plan of the project Calculate costing Set up scope Set the deadline Think about risks 2. Planning Vertidigm.com
- 13. Check out what to deliver Meet the clients Resolve the issues Check the performance Address changes 3. Execution, Monitoring and Controlling Vertidigm.com
- 14. Settle the crisis Disclose the result Prepare report Take feedback 4. Closure Vertidigm.com