Project Planning and Management: Approaches and Techniques

This project management assignment explores the core principles of project management, emphasizing the significance of planning, organization, and leadership in achieving project objectives. It delves into various theoretical approaches, including the traditional, waterfall, and agile methodologies, highlighting their strengths and applications. The assignment also examines essential control techniques such as the Requirements Traceability Matrix, Control Chart Review, and status meetings, which are crucial for monitoring project progress, managing costs, and ensuring timely completion. Furthermore, the assignment underscores the importance of adapting project management strategies to suit specific project needs and organizational contexts, ensuring effective resource allocation and successful project outcomes.

Introduction
Project management is the process or functioning in which
leader lead their team in order to achieve the goal of the
projects and objectives of the firm. It involves planning
and organizing process of the organization's resources to
perform the specific given task. Project management helps
an organisation to run its business operations and
functioning smoothly (Tereso and et.al., 2019).
Project Planning Approaches and Techniques
Name of the Student
Theoretical approaches utilised
There are different types and forms of methodologies present for
the project management department to help in performing or to
carry out the project. The project manager holds up the
responsibility to carry out and to identify the best suitable strategies
that will help in performing the project or to carry out the project in
best the appropriate manner and pattern.
Traditional approach: This is oldest approach used to carry out or
to perform the project in project management. It focuses on
performing the work on effective and efficient pattern and
delivering it or completing that work on a given time (Larsson and
Larsson, 2020).
Waterfall Approach: As it is showing in its name this approach
includes all the stages in the sequence of waterfall. The stages of
this approach can be performed one by one to complete the given
project. .
Agile Approach: It is the most flexible theoretical approach of
project management used to complete a project of the firm. The
operation are prepared in a proper sequence but an i9ndividual or a
member of the team can start the next operation without performing
or completing the previous activity if it is providing benefit to the
project (Aanbari and Kwak, 2018)..
Control techniques
utilised to deliver a
successful Project.
Project management control techniques are the
processes of gathering and analyzing project
information or data to make costs and schedules the
time track (Bondarenko and et.al., 2018). The functions
of project control includes planning, initiating,
monitoring, communicating, controlling and closing out
project schedule and costs.
A Requirements Traceability Matrix (RTM)
A Control Chart
Review and status meetings
CONCLUSION
Project management is the function, method, knowledge,
skills and experience which helps in achieving the specific
project goal and objective of the firm according to the
project acceptance within agreed parameters. Project
management helps in managing budget timeliness, it
improves the productivity of the firm and quality of
working of the employees, it improves relationships with
the members of the firm. References
Aanbari, F.T. and Kwak, Y.H., 2018, June. Impact on
project management of allied disciplines. Project
Management Institute.
Bondarenko, S., and et, al., 2018. Application of project
analysis software in project management in the pre-
investment phase. Journal of Mechanical Engineering and
Technology, 9(13), pp.676-684.