Essay specific features
June 28, 2016
No of pages / words:
2 / 423
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Projects are a small part of the big picture.
The table below briefly describes various process involved in project management and summarizes the activities of each phase.
Table 1: Project Management Processes
Initiating Planning Executing Controlling Closing
Conduct feasibility study
Identify project vision
Create project charter
Create project plan
Elaborate on project scope
Identify and allocate resources required for project
Coordinate people and other resources to carryout the plan
Ensure project objectives are met by monitoring and measuring progress
Take corrective actions when necessary
Formalize acceptance of the project and bring
it to orderly end
Capture key learning
Any project needs to balance the constraints related to scope, time and cost and any change in one of these factors will impact other factors...
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In addition, quality is considered as the fourth constraint. The goal of project management is to ensure the project is on-time and on-budget while delivering the stated objectives. Typical metrics used to measure project performance are schedule variance, effort variance, budget variance, and defects (nonconformance to requirements)...
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