Project Management

Explain Project Management:

Project Management is knowing the projects goals and achievement. In addition, Project Management also manage the deadline to be met and make sure that the required resources are available and in order.


Identify the key stages of Project Management:


There is five key stages of Project Management;
  • Initiation
  • Planning
  • Execution
  • Monitoring and Control
  • Closure

Identify the advantages and the importance of implementing Project Management:


The advantages of implementing Project Management is that;
  • It keep the project's progression in order to prevent the overdue of the deadline. Therefore it is time managing.
  • It prevents overuse of money/cost.
  • It improves the workers' productivity, since they know what they are suppose to do.
  • It offers a source of teamwork for the workers, staff, suppliers and clients.
  • It improves the overalls success of achieving the desired result.
  • It prevents the project from having risks.
The important of implementing Project Management is that;
  • It defines a plan and organizes chaos.
  • Establishes a schedule and plan.
  • Enforces and encourages teamwork.
  • Maximize resources.
  • Control cost.
  • Managing quality.
Reference:

nibusinessinfo.co.uk. (2012). Advantages of project management. [online] Available at: https://www.nibusinessinfo.co.uk/content/advantages-project-management [Accessed 14 Apr. 2019].


2020 Project Management. (2019). 10 Reasons why Project Management matters. [online] Available at: https://2020projectmanagement.com/resources/general-interest-and-miscellaneous/10-reasons-why-project-management-matters [Accessed 14 Apr. 2019].

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