Components Of Project Management Essay

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Q. DEFINE AND DESCRIBE A ‘PROJECT’ AND DIFFERENT COMPONENTS OF A PROJECT IN YOUR OWN
WORDS AS PER YOUR EXPERIENCE DURING PROFESSIONAL PRACTICE.
A project is a specific agenda undertaken with an aim to produce a pre-decided product, aim or result for which the project was undertaken. A project is usually meant to be constrained by various parameters like TIME, BUDGET and RESOURCES. Every project is unique as the goal or end product expected differs from project to project.
Eg: Construction of a Bungalow
Though the nature of every project may be different, every project comprises of similar components, viz.,
1. INITIATION
2. PLANNING
3. EXECUTION
4. INSPECTION/CONTROL
5. CLOSING
INITIATION : This is the initial stage of a project where the basic
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DEFINE AND DESCRIBE THE ROLE OF A PROJECT MANAGER IN PROJECT MANAGEMENT.
A project managers job to assess the project as a whole and to ensure that all its components are functioning smoothly so that the end objective can be achieved. He is required to conduct
1. Integration of Activities : The work carried out in a project is divided among different teams. Project management involves the co-ordination of the work carried out by all the teams, checking of the work done, approving changes before execution etc.
2. Scope Management : This is to be done before the execution of the project starts. The scope and direction of the project is decided and a plan is drafted in order to stick to the decided direction.
3. Time Management : This is one of the most important aspects of project management. The project is always constrained by time and failure to achieve the target within the given time results in added cost. Hence, a detailed schedule needs to be made for every team and timely checks must be carried out to make sure the schedule is followed.
4. Cost Management : Like time, cost is another major governing factor of a project. All expenses have to be planned and care has to be taken that no team exceeds their
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