Essential Project Management Principles and Lifecycle
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Project Lifecycle
- Initialization
- Planning phase
- Execution
- Monitoring and control phase
- Closure
Need for Project Management
- Establishing a focal point
- Promoting quality management
- Minimizing risks
- Controlling project costs
- Promoting teamwork
- Utilizing available resources
- Facilitating learning
Responsibilities of a Project Manager
- Scope management
- Task management
- Resource management
- Team management
- Schedule management
- Quality management
- Cost management
- Risk management
- Stakeholder management
- Project risk management
- Status reporting
- Certification and training
Phases of Management Lifecycle
- Analysis and evaluation
- Marketing
- Design
- Inspecting, testing, and delivery
- Post-completion analysis
Project Management Process
- Project processes
- Process groups
- Process initialization interactions
- Customization
Significance of Project Management
- Organization
- Time management
- Budget control
- Quality assurance
- Risk management
- Communication
Project Principles
- Features
- Quality
- Cost
- Schedule
- Staff
Causes of Project Delays
- Project failure chances
- Factors for project success
- Information and communication technologies
- Common project issues
Project Delays
- Increased expenses
- Importance of project time management
- Financial implications
- Overall project failure
Unit 2: Identification Process
- Initial requirements
- Validate against project objectives
- Criterion for assessing success
- Framework of solution
- Prepare a template of framework of solution
- Prepare relevant charts
- Project schema
- Training requirements
- Make a list of training programs
- Identify training needs of individuals
- Prepare a training plan and calendar
Selection Criteria
- Marketing factors
- Production factors
- Financial factors
- Personal factors
- Legal factors
- Strategic factors
Feasibility Studies
- Economic and market analysis
- Technical analysis
- Financial analysis
- Economical analysis benefits
- Project risk and uncertainty
- Management aspects
Responsibilities of Team Members
- Project manager
- Project team member
- Project sponsor
- Executive sponsor
- Business analyst
Work Breakdown Structure (WBS)
- Agency-oriented
- Function-oriented
- Location-oriented
- Cost-oriented
- Lifecycle-oriented