Methodologies of Project Management | Report

Running head: PROJECT MANAGEMENT METHODOLOGIES
PROJECT MANAGEMENT METHODOLOGIES
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PROJECT MANAGEMENT METHODOLOGIES
1
Importance of project management
Global Project management is referred to the wide application of project management
practices. Project management is considered as an essential knowledge area that helps in
successfully executing a project. While developing a project successfully it is important to
determine the vision and mission of the project. Once the key objectives are determined
successfully it becomes easy to develop the project. Global project management knowledge
helps in improving the process that is needed for developing project successfully. in addition to
this the proper project management knowledge helps in prioritizing the business resources
efficiently and also ensures that proper schedule and budget is developed for the purpose of
executing the project successfully. Project managers should have the following traits for
completing a project successfully. This are listed below:
 Project manager should have effective communication skills
 The project manager should be capable of making good decision
 The project manager should have technical expertise for managing the project
 Project manager should influence and motivate the employees
 Project manager has the potential to solve the problem under critical situation
It is important to ensure that every project manager has the above mentioned traits so that it
becomes easy to develop the project. With a strong leadership quality it becomes easy to execute
the project successfully without any error. The project manager helps in aligning the project
objectives properly with the scope so that it becomes easy to manage the performance.