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Define Project Management and needs of Project Management?

What is Project? Explain project Management.

Define the project. Explain the attributes of project.

• A project can be defined as a temporary endeavour undertaken to accomplish a unique product, services or results.

• Project can be sequences of task which is planned from beginning to end bounded by time, resources, and required result.

• The Following are the attributes of Project:

  a. Time frame: Because a project is a temporary endeavour, it must have a definite beginning and end. Many projects begin on a specific date and the date of completion is estimated. Some project has an immovable date when the project must be completed.

  b. Purpose: An IT Project can produce any number of results such as a system, a software package, or a recommendation based on a study. Therefore a project’s goal must be to produce something tangible and of value to the organization. A Project must have a goal to drive the project in terms of defining the work to be done.

  c. Ownership: The project must provide something of value to an individual or group who will own the project product after it is completed. Determining who owns this project is not always easy. For example, different groups may fight over the does and does not own the system, the data, the support, and the final cost of implementing and maintaining the system.

  d. Resources: IT project require time, money, people, and technology. Resources provide the means for achieving a project’s goal and also act as a constraint. For example, the project’s scope, or work to be accomplished is determined directly by the project’s goal. If project sponsor asks that an additional feature to be added to the system, however, this will required additional resources in terms of more work on the part of project team.

  e. Roles: IT Projects require different individuals with different skills set, they are listed below.

  1. Project Manager: She/he is responsible for ensuring that all of the project management and technical development processes are in place and being carried out properly.

  2. Project sponsor: The project sponsor may be the client, customer, or organizational resources manager who will act as champion for the project.

  3. Subject matter experts: The subject matter expert may be user or client who has specific knowledge, expertise, or insight in a specific functional area.

  4. Technical Expert: Technical expert is needed to provide a technical solution to organization problems.

• Risks and Assumptions: All projects have an element risk. Risk can arise from many sources, both and external and internal to the project team. For example, internal risk may arise from estimation process. On other hand, external risk may arise due to dependencies on other contractors or vendors.

• Interdependent Tasks: Project work requires many interdependent tasks. For example, a network cannot an installed until the hardware is delivered. Or certain requirements cannot be incorporated into design until key user is interviewed.

• Organizational Change: Project is planned organizational change. Change must be understood and managed because implementation of the IT project will change the ways people work.

• Operating in an Environment Larger than the project itself: Organization chooses projects for a number of reasons, and the projects chosen can impact the organization.

• Project Management: Project management is the applications of knowledge, skills, tools and techniques to project activities to meet project requirements. The planning and organization of an organization's resources in order to move a specific task, event or duty toward completion. Project management typically involves a one-time project rather than an ongoing activity, and resources managed include both human and financial capital.