How to manage projects
Project management is the planning, supervision and control of
any activity or set of activities that leads to a defined outcome at
a predetermined time and in accordance with specified perfor-
mance or quality standards at a budgeted cost. Project manage-
ment is concerned with deliverables– getting things done as
required or promised. While delivering results on time is impor-
tant, it is equally important to deliver them to meet the specifica-
tion and within the projected cost.
Project management involves action planning – deciding what
work is to be done, why the work needs to be done, whowill do
the work, how much it will cost, when the work has to be
completed (totally or stage by stage) and where the work will be
carried out.
The three main project management activities are project plan-
ning, setting up the project and project control.
PROJECT PLANNING
Initiation
Project planning starts with a definition of the objectives of the
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