Research on Project Management - Essay Example

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Research on Project Management

A project is not a whole time activity. It always has a start date and end date. The duration of the project depends on the size of the project. A project is always guided and lead by a set of instructions and plans. A project always has a deadline within which it has to be completed and handed over to the required authority. The project will consume more than the estimated cost if it is not completed within the deadline. A project is a pooling up of men, money, materials and other resources for the achievement of a specific goal. A project is an effort of a group of people. A project is done in different phases. The different phases of a project are initiating stage, planning stage, executing stage and controlling stage. The initiating stage of the project is where the project idea is generated. A structure has to be given to the generated idea before it is being carried foreword. This structure is given in the planning stage. The executing stage of the project is the most crucial stage. It is where all the resources are pooled up properly. This is the stage that requires more cost. In the controlling stage the project is examined and reexamined for any deviations. Corrective measures are taken for controlling the deviations that have occurred. ...Show more

Summary

Project management is a well planned activity to carry out any action in the future. "Project management is a carefully planned and organized effort to accomplish a specific (and usually) one-time effort, for example, construct a building or implement a new computer system." (Project Management, 2007, Free Management Library) http://www.managementhelp.org/plan_dec/project/project.htm It is an effort to achieve a specific objective in the future…
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