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Cycle and Advantages of Project Management
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• It is determining:Plan of actionGoal/Objective Schedule of project activitiesTime limitsRisks and shortcomingsPresent situation
1. What Is Project Management?
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Sponsors Project ManagersSubject matter expertProject coordinators Team members
2. Who Plays Vital Role?
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Finance the project
Commission the project
Helps in defining the goals
Offer support
3. What Sponsors Do?
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Look after day to day advances of the project
Resource allocation
Motivate and manage team deliveries
4. What Project Managers Do?
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Handover inputs on feasibility
Update team
Develop mutual understanding between team members
Work on expertise development
5. What Subject Matter Experts Do?
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Act as bridge between the team and the manager
Stay updated with the advances
Prepare project plan
Update time lines
Prepare project report
6. What Project Coordinators Do?
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Work on project
Execute the plan
Give out deliveries
7. What Team Members Do?
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8. Good Project Management Versus Poor Project Management
Good Project Management: Effective handling of project
Pushes to showcase full potential
Earlier identification of problems
Time-savior
Cost-effective production
Results surpass expectation
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Poor Project Management: Mar creativity
No accountability to risk
Hampers productivity
Budget exceed
Infect the organization
9. Cycle of project management
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Sketch the structure
Set the goal
Checking feasibility
Anticipate result
1. Initiative
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Draft the plan of the project
Calculate costing
Set up scope
Set the deadline
Think about risks
2. Planning
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Check out what to deliver
Meet the clients
Resolve the issues
Check the performance
Address changes
3. Execution, Monitoring and Controlling
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Settle the crisis
Disclose the result
Prepare report
Take feedback
4. Closure
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