Project Management

One of the task everyone has to faced as entrepreneur or businessman is taking new projects and handling same .

Actually it's very vast topic but hereby I am trying to make it understand into 4 parts and importance of all.

Project management divided into 

1) Planning 
2) Build Up
3) Implementation 
4) Close out 

Project management generally consist so many activities like draw up plan ,assemble the team , allocation of resources , scheduling of work ,watching the budget etc.

1) Planning :- Planning is essential important almost 80% startups failed because of lack in planning . Project planning gives scope of jobs ,idea of resources needed includes manpower as well as finance and root problem project solving. 

In large corporations there is work break down structure of project along with dedicated person and timeline 

2) Build Up :-   Building up of team which must have specific skills for project just for example you needed architect in team while building up one civil structure . This is the factor decided projects viability and success ration. Creating schedule of team and getting work done within stipulated time it's job of leader and project managers . Finance team for example having task of raising funds within a time and making budget for projects .

3) Implementation :- Only planning have zero value if it's not supported by actions .So Implementation is monitored and controlled the process ,work flow of project and time to time meetings to solve the problems in operation.

4) Close out :-  It means for example after meeting up requirement of clients in software development now you are giving delivery succesfully and making close outs .In this managers responsible for evaluation of performance of all team engaged.

Now though it's looking as simple there are many things and small factors taken in consideration while designing any project .

That we will see in part 2 managing projects and we will also look out for some softwares also which is readily available in market .



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