Project Management: A Comprehensive Guide to Strategies and Practices

This report provides a detailed overview of project management, encompassing its core principles, strategies, and benefits. It begins by defining project management as a systematic process involving the planning and organization of resources to complete tasks within deadlines. The report highlights key principles such as mission and vision, business objectives, and organizational alignment, emphasizing their role in clarifying outcomes and quantifying expected results. It then outlines the benefits of project management, including improved outcomes, resource prioritization, and enhanced communication. The report further explores the roles and responsibilities of project managers, from planning and resource allocation to risk management. The core of the report focuses on project management strategies, including finalizing project details, setting clear expectations, selecting the right team, defining project milestones, establishing clear communication, managing project risks, and evaluating project success. Each strategy is elaborated with practical insights and actionable steps, providing a comprehensive guide to effective project management. The report concludes with a list of references for further study.

PROJECT MANAGEMENT
APPROACES OF MANAGING
PROJECT

CONCEPT OF PROJECT MANAGEMENT
 Project management is a systematic
process that comprises of planning and
organizing all the resource properly and
thereby completing any kind of impending
task within the deadline.
 This is the systematic process of managing
the resources like personnel, finances,
technology, and intellectual property an d
carry out a project in a comprehensive way.
 Project management is basically a
framework for the sake of completing a
project within the dead line.

PRINCIPLES OF PROJECT MANAGEMENT
 Project management is all about running the project
in a systematic manner and thereby satisfy the goals
and objectives of project.
 Mission and vision is the core principles of project
management, which is the key of clarifying the
outcome.
 Business objective is also a major principle of project
management which is the key of quantifying the
expected outcome.
 Organisational Alignment is another major principles
of successful project management.

BENEFITS OF PROJECT MANAGEMENT
 Improves the chances of attaining desired
outcome.
 Acquire a fresh perspective regarding the way,
through which long term success from business
can be attained.
 Priorities the resources of business and ensure
its appropriate use.
 Setting scope and budget from the very
beginning.
 Improve both the productivity and quality of
work.
 Promote consistent communication among the
staffs.

ROLES AND RESPONSIBILITIES OF PROJECT
MANGER
 Planning and defining the scope of project
 Planning and sequencing the time
 Planning and allocating resources
 Estimating both cost and time
 Creating project charter
 Analysis and deciding course of action to manage risk
 Managing scalability, interoperability and portability
analysis
 Working with vendor

PROJECT MANAGEMENT
STRATEGY
 Project management is a complicated process, which
requires complicated method.
 It is the prime responsibility of the project managers to
organize all of the elements in terms of keeping the
project on the track.
 Detailed plan is very much needed in terms of
completing the project within the dead lime.
 Setting major project management strategies is one of
the major ways, through which success from the project.
 By implementing strategies, any kind of complicated
task related to project can be carried out with utmost
efficiency.

PROJECT MANAGEMENT STRATEGY 1- FINALIZE
PROJECT DETAILS
 This is one of the major strategies, which is to be executed before starting
the project.
 This is the way of understanding the expectation of stakeholders.
 It is the role of project manager to clarify the scope of project and roles and
responsibilities of individual team members.
 The project manager should develop detailed plan and define the goal of
project.
 In this stage, the project manager must also set the deadline.

PROJECT MANAGEMENT
STRATEGY 2- SETTING CLEAR
EXPECTATION
 This is one of the most significant parts of successful project management
 This is the way, through which the team members can be able to
understand the roles and responsibilities.
 By implementing this strategy, the degree of accountability among the
team members can also be improved
 By setting expectation, the project managers can enable the team
members to know about the project deliverables
 This is the mode of keeping the stakeholders informed about the value of
project.

PROJECT MANAGEMENT
STRATEGY 3- SELECTION OF THE
RIGHT TEAM
 Setting the right team is one of the major ways of strengthening the value
of project.
 It is the prime responsibility of project managers to align both talent and
personality at the time of selecting the team.
 In addition, the project manager should ensure the fact that the skill set
matches with the project requirement.
 People with effective skill and high experience can help in facilitation the
project.
 A tem must comprises o around 6 to 10 people.

PROJECT MANAGEMENT
STRATEGY 4- DEFINING PROJECT
MILESTONE This is one of the major strategies of setting the right expectation of
project.
 The milestone is to be defined in the entire lifecycle of project.
 There are four different phases of project management such as
initiation, planning, execution, and closure, through which the project
milestone can be started.
 By defining the milestone, the project manger can enable the team
members to work in accordance with project deliverables.
 This is the way, through which the project manager can ensure that all
the phases have been followed successfully.

PROJECT MANAGEMENT
STRATEGY 5- ESTABLISHING
CLEAR COMMUNICATION
 Detailed communication plan is to be created
 Enable the team members to communicate properly
 Practice flexibility throughout the team.
 Setting the way, through which the team members can check-in with
stakeholders
 Conduction of regular meeting
 Creating status report on regular basis
 Taking corrective action as per the requirement

PROJECT MANAGEMENT
STRATEGY 6- MANAGING PROJECT
RISK
 Risks are impending factor in a project
 It is the role of project manager to identify and evaluate risk.
 The project manager must also take corrective action for the
sake of mitigating the risk
 The project manager must have the ability to manage risk and
ensure that the problems don’t arise
 Contingency plan must be developed and executed