CSD-4103 PROJECT MANAGEMENTSubmitted by: – Sharanjeet Kaur KingraStudent id: – 697369 In the last three sessions of class, we learntso many basic things related to project management.
This course will help us that how to handle anyproject in a life individually or with a team.It is true that to manage the project is not abig deal if we have proper knowledge about the project. So, to get the outputof that project we must compete with so many situations. The entire processthat makes the project successful is called project management.The word project management has a very widemeaning. It is made up of two words project and management.Project: – It stands for to achieve a goal in life withina specific period.
It includes planning which is initial step of any project. Management: – It correlates with project because without thisproject does not work properly. Mainly, the management integrate all the partsof project together to get an overall result of project and when these bothwords combine then it will create a successful project.
So, from the above description we learnt themeaning of project management. It means to manage the project with minimumperiod and with proper utilisation of time.There are some factors that meet therequirements of project management.
The following are: · Defines a plan and organises chaos· Establishes a schedule and plan· Enforces and encourage teamwork· Maximizes resources· Manages integration· Control costs· Manages change· Managing quality· Retain and use knowledge· Learning from failure 1. Defines a plan and organises chaos: – It is a starting step of any project whichdraws an outline of any work. This period gives us a chance to execute ourinternal thoughts in front of so many people because sometimes we cannotexpress our feelings to other people. In the mean time, we also learn that howto control our chaos. chaos means that when the things are not in our hand.
Sometimes we can manage them easily but most of the it takes very long time tocome at the same position. 2. Establishes a schedule and plan: – In this factor, the proper time -table isprepared by all the team members before the starting of any project. After that work is divided among the different peopleaccording to the planned schedule. This is one of the best method for theexecution of any plan.
3. Enforces and encourage teamwork: – Before the execution of project the people whoare working in project are just the members of project but when they involvedin the project they learnt that how to work as a team because this methodconnects these members with each other and motivates them to work in unity. It isthe strongest way to manage the project properly. 4. Maximizes resources: – Itdepends on economical and financial budget of the project. it is also a part ofproject management which can be used wisely to achieve the aim of project.
Itteaches us how to use the resources in efficient way within a minimum period. 5. Manages integration: – Integratemeans to collaborate all the thoughts and opinions of project members and thenwork with them to attain the goal of the project.
One member of project cannotable to make the whole project because to accomplish any goal people followdifferent people at different circumstances of life. In short, integrationplays a very significant part in project management. 6. Controls cost: – For a successful project, it is must to keep inmind the financially budget of project. In a project management, it means touse a less money and get a maximum benefit.
Sometimes if the project membersfound that they spend a more money as compared to their plan then they willtake an action to manage the budget. 7. Manages change: – The changes in the project is a variableprocess because the needs of project are going to change throughout the entireprocess and it does not remain same. For example, during a surgery of heart theminor problems can be cured immediatelybut serious issues take a long time which sometimes affect the complete process.The changes in the project are appeared to be complicated but the projectmanagement teaches us to manage all these changes. 8.
Managing quality: – The managing quality means to completethe task according to the expectation of people. The completion of workaccording to the choice of people may reflect your skilled image on others andbring a more success in future. The same procedure is followed in projectmanagement that if you can complete the given task within a minimum time thenit will be helpful to manage the project in an efficient way. 9. Retain and use knowledge: – This method brings more attention to manage theproject. It is true that without knowledge person cannot do anything in life.
So,that’s why during the management or planning of project the professionals getsmore preference because they have a wonderful experience which further makestheir project successful. 10. Learning from failure: – It is not possible to get a success everytime because sometime to get a failure in life is more important than winning.Our life is also a kind of project in which sometimes we loss and win the game.When we cannot win then we should learn from our mistakes and do the same things.
Similarly, in project management we learn how to improve our mistakes and then implementthem in the future project.