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Presentation on Project Management

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Submitted by :- Ankit jaiswal Shristy aggarwal

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Project : Meaning
A Project involves a group of interrelated activities that are planned and then executed in a certain sequence to create a unique product or service within a specific timeframe, in order to achieve outcomes / benefits.

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Project Management
Project Management is an organized venture for managing projects. It involves scientific applications of modern tools and techniques in planning , financing, implementing, monitoring, controlling and coordinating unique activities or task to produce desirable outputs in accordance with predetermined objectives within the constraints of time and cost.

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Various issues in Project


Management

Problem #1: Project cant begin on time.Project managers are given the assignment but its added to an already challenging slate of projects. Yet, they are expected to complete the project on schedule. Problem #2: Project has vague requirements.For every step taken, the project takes four steps backward. The project began with nebulous objectives and milestones.

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Problem #3: Project managers cant stay within project parameters.The project grows in scope as team members work and as more tasks are assigned. Problem #4: Lack of Strategic Alignment.Theres only one thing more important than doing projects right and thats doing the right project. An all too common reason for IT projects being cancelled is because they never should have been started; that is, there is no auditable mapping between the project objectives and the business

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Problem #5: Stakeholder Management.Effective stakeholder management requires the identification of individuals who are affected by and/or can affect the successful outcome of a project, especially those who are of a less than positive disposition toward the project objectives. All stakeholders require attentive management to minimize obstacles of this type. Problem #6: Communication breakdowns cause unclear project goals and objectives.Management may rethink its goals for a project, not

Critical for successful project

Superior Project Management is the use of the right processes by the right people. Highly successful companies work smarter, that is, they do things, which are efficient and effective. Financial Management and Schedule Management are the two keys to a successful project.

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