Project management full notes.
Project management full notes.
Unit-1
Meaning of project management
Project management is the process of leading the work of a team to achieve all 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, and budget.
Project managers often create these goals by determining what they want to achieve.
It's useful to reference the company's mission statement to inform these goals. By doing
this, project managers can accomplish larger initiatives, such as implementing a new
process.
What are the 5 stages of the project life cycle?
By working through each of these phases in turn, project managers can successfully
progress their project from start to finish.
...
The five stages of the project life cycle are:
Initiating.
Planning.
Executing.
Monitoring/controlling.
Closing.
Definition of a Project Manager
A project manager is responsible for the execution of a project from start to
finish. Whereby the objectives have already been rendered, monitoring
processes, administering all logistical tasks and successfully finishing a
project are responsibilities a project manager must commit to.
Unit 2
Planning –budgeting- risk management
The planning phase is when the project plans are documented, the project
deliverables and requirements are defined, and the project schedule is
created. It involves creating a set of plans to help guide your team through the
implementation and closure phases of the project.
What is a work breakdown structure in project management?
The main aim of forecasting is to predict possible outcomes, reduce project risk, and
increase the chances of project success. This means that you can learn how likely it is
that a project will be successful, evaluate the risks involved, and identify areas for
improvement. As a result, project managers are armed with sufficient knowledge to
anticipate project duration, cost overruns, project budgeting and forecasting,
and resource needs.
How do you manage risk in project management?
The risk management process includes five steps: identify, analyze, evaluate, treat, and
monitor.
...
This process can be used for both positive and negative risks.
1. Identify risks. ...
2. Analyze potential risk impact. ...
3. Assign priority to risks. ...
4. Mitigate risks. ...
5. Monitor risks.
IDENTIFICATION IN PROJECT MANAGEMENT
How do you manage risk in project management?
How to manage project risk
1. Identify risks. The first step to getting a grasp on potential risks is to know what they are. ...
2. Analyze potential risk impact. ...
3. Assign priority to risks. ...
4. Mitigate risks. ...
5. Monitor risks.
What is the major concept of project?
A project is a temporary effort to create a unique product, service or result. A project has a
definite start and end. A project management plan is created by a project manager. This plan
requires a buy-in from all stakeholders.
The purpose of project identification is to develop a preliminary proposal for the most appropriate set of
interventions and course of action, within specific time and budget frames, to address a specific
development goal in a particular region or setting.
Project management assessment
A Project Management Skills Gap Assessment is a tool that can provide insight on how and where an
individual or organization can improve their project management knowledge and skills. The PM
SGAs establish a measurable baseline prior to the implementation of improvement initiatives.
PROJECT MANAGEMENT RESPONSE PLANNING
UNIT-III
SECHEDULING &RESOURCE ALLOCATION
Scheduling in project management is the listing of activities, deliverables, and milestones
within a project. A schedule also usually includes a planned start and finish date, duration, and
resources assigned to each activity.
The term project organization refers to the style of coordination, communication, and
management the project team uses throughout a project lifecycle. By applying project
organization, you optimize resources, provide clear communication about roles and
responsibilities, and reduce potential roadblocks.
What is the of conflict management?
Conflict Management is the use of processes, tools, and skills to find creative and
respectful ways to manage disagreements and disputes. It includes the ability to
resolve conflict collaboratively through effective communication skills, such as active
listening and assertive speaking.
The project team is the group of people responsible for executing the tasks and producing
deliverables outlined in the project plan and schedule, as directed by the project manager, at
whatever level of effort or participation defined for them.
Performance indicators are measures of project impacts, outcomes, outputs, and inputs
that are monitored during project implementation to assess progress toward project
objectives. They are also used later to evaluate a project's success.