What is the need of Project Management ?

What is the need of Project Management ?

What is the need of Project Management?

The task of management is eased when work is set up in projects as follows:

  • Assignment of duties is always sharpened

  • The control being simplified

  • The men who does the work can sense the accomplishment

The results that the management of project produces, take the form of a new product, service or organizational process capability there by providing an organizational entity within an industrial, military, educational, religious, or social environment. These results provide the entity with a new or improved means that enhance the organization’s ability to meet its operational ie short-term or strategic ie long-term responsibilities. The results that are produced are unexpected, at times.

Project contains a combination of organizational resources pulled together to create something which did not previously exist and which will provide a performance capability in its design and execution of organizational strategies. They have a distinct life cycle, which starts with an idea and those progresses through design, engineering and manufacturing or construction, through use by a project owner.

References

  1. Introduction about Project Management

  2. Definition of a capital expenditure

  3. Importance and difficulties of Capital expenditure

  4. What is the need of Project Management ?

  5. How was the evolution of Project Management?

  6. What is the scope of Project Management

  7. What is the impact of Project Management on Organizations ?

  8. What are the characteristics of Project Management?

  9. What are Project Management Activities?

  10. What are Project Management processes?

  11. What are the different phases of life cycle of a project?

  12. How does project management becomes a part of strategic planning?

  13. What are the different phases of capital budgeting?

  14. What are the facts of project analysis

  15. What are the basic strategic postures associated with the SPACE approach?

  16. What is conglomerate diversification?

  17. What are the objectives of capital budgeting?

  18. Maximization of the wealth of equity shareholders

  19. Do firms really act or should solely act to further shareholders welfare?

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