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project management

Project management is a set of plans and directs the processes of a project. And also comprises a specific cluster of operations designed to achieve a goal with a reputable scope, resources, start, and end.

The objectives of project management are:

  • Manage the start and progress of a project.
  • And to Control and respond to troubles that occur during a project.
  • Facilitate the conclusion and sanction of the project.

Projects are independent of the daily business movement, and so it requires  a series of meetings to see what the specific objectives of the project are. For the project to be successful, efficient teamwork is essential. How project management will direct work depends on several factors, including scalability (the likelihood that the project will grow), the significance and complexity of the project.

Project management aims at achieving the per-established objectives to give a benefit to the organization. The objectives can be in terms of results (such as the creation of a new headquarters), consequences (such as relocation of employees to new headquarters), benefits (reduction of food check costs, maintenance of machines or facilities), our strategic objectives.

Project Management Limitations

There are many limitations when developing a project. However, the three most common are cost, time, and scope. And these restrictions are part of all projects, as well as form the Project Management Triangle.

The scope is essential in specifying all steps of project development. Furthermore, time is an invaluable resource. While we can control processes, we cannot control time. So it is a real challenge to be able to use time efficiently, keep the project on schedule, and achieve the desired objectives.

However, the cost works according to a budget established in the initial stage of the project. And the three constraints are not only interconnected but also highly dependent on each other. Once the time allocated for the project gets reduced, the expenditure increases. Besides, the extent of the project dictates the speed and series of resources required to complete and complete the project successfully.

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