What is the Objective of Project Management

What is the Objective of Project Management

What is the Objective of Project Management
What is the Objective of Project Management
In this article i will discuss what is project management and the objective and the important to use project management as a person in your life or as a company in work.

Firstly, we need to explain what is the meaning Management term?
Management is the technique of understanding the problems, needs and controlling the use of Resources, Cost, Time, Scope and Quality.

What is the project definition?

A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or staffing) undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value. 

The temporary nature of projects stands in contrast with business as usual (or operations), which are repetitive, permanent, or semi-permanent functional activities to produce products or services. In practice, the management of such distinct production approaches requires the development of distinct technical skills and management strategies.

As follows from the given definition, any project can be characterized by these characteristics:
  • Temporary. This key characteristic means that every project has a finite start and a finite end. The start is the time when the project is initiated and its concept is developed. The end is reached when all objectives of the project have been met (or unmet if it’s obvious that the project cannot be completed – then it’s terminated). 
  • Unique Deliverable(s). Any project aims to produce some deliverable(s) which can be a product, service, or some another result. Deliverables should address a problem or need analyzed before project start. 
  • Progressive Elaboration. With the progress of a project, continuous investigation and improvement become available, and all this allows producing more accurate and comprehensive plans. This key characteristic means that the successive iterations of planning processes result in developing more effective solutions to progress and develop projects.

What is meaning of project management?

Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time. The primary challenge of project management is to achieve all of the project goals within the given constraints. 

This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, quality and budget.The secondary—and more ambitious—challenge is to optimize the allocation of necessary inputs and apply them to meet pre-defined objectives.

What is the objective of project management?

The objective of project management is to produce a complete project which complies with the client's objectives. In many cases the objective of project management is also to shape or reform the client's brief to feasibly address the client's objectives. 

Once the client's objectives are clearly established they should influence all decisions made by other people involved in the project – for example project managers, designers, contractors and sub-contractors. Ill-defined or too tightly prescribed project management objectives are detrimental to decision making.

Why do people learn Project Management?

  1. To explore the latest concepts and techniques of project management.
  2. To increase value/contribution to the organization. 
  3. To prove yourself skillful in managing projects. 
  4. To learn a new thought process that helps organized thinking and structured approach.
  5. To acquire a professional degree/ recognition and increase job prospects. 
  6. Endless possibilities and benefits……..

Why do companies use PM?

  1. To handle projects effectively in an organization. 
  2. To define the project and agree with the customer
  3. To plan and assess resource needs for the project
  4. To estimate project cost and make proposals 
  5. To plan & schedule activities in a project.
  6. To allocate the right resource at the right time.
  7. To assess risk and failure points and make backup plans.
  8. To lead a project team effectively and communicate well
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