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Project Management is designed to initiate, execute, plan, control, and close the work of the team in order to achieve goals and to meet specific success criteria. It is temporarily designed in order to produce a unique product, service or result with a well defined beginning or end which is undertaken to meet exceptional and unique aims and objectives. Project Management is mainly used to bring about some beneficial change or added value which is given in Project Management Online Exam Help. Project Management has been developed from several fields of applications like engineering, civil constructions and heavy defense activity. Basically, Project Management is the application of knowledge, tools, skills and techniques for the projection of the activities in order to meet the requirements. The development of the software of Project Management was done for an improved business process, relief effort after a natural calamity, construction of a building or bridge, expansion of sales into a new geographic market, etc. The main definition of Project Management is given in Project Management Online Exam Help i.e. the beginning and end of time and thus defines scope and resources.
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Different processes of Project Management
There are 5 processes which fall in the Project Management. These processes are defined in brief in Project Management Online Exam Help as follows
1. Initiating: – Something which determine the nature and scope of the project is initiating or initiation. It is unlikely that the project will be successful in fulfilling the business’s needs, if the stage of initiating is not carried out in a proper manner. It analyses the business needs or requirements in quantifiable goals.
2. Planning: – Immediately after the Initiating stage, to an appropriate level of details the project is planned. Project Management needs planning in order to plan time, cost and adequate resources for the estimation of the required work and to manage effectively during project execution.
3. Execution: – The process of planning is followed by Execution which is essential in order to know what all should be executed among all the things that have been planned. This process ensures that the deliverables of the Project Management are executed orderly. This process includes co – ordination, management and proper allocation of human resources and also of any other resources like budgets, materials, etc.
4. Monitoring and control: – These processes are used to observe the project execution in order to identify the potential problems and control the execution of the project.
5. Closing: – This process includes the ending and formal acceptance of the Project Management.
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