Project Management

Introduction: Realisation of this project requires systematic planning and careful [login to view URL] this effect,application of knowledge,skill,tools and techniques in the project environment refers to project [login to view URL] management in recent years has proliferated, reaching new heights of [login to view URL] has emerged has a distinct area of management practices to meet the challenges of new economic environment, globalisation process rapid technological advancement and quality concerns of the stakeholders. Project in general refers to a new endeavour with specific objectives and varies so widely that it is very difficult to precisely define it some of the commonly coated definitions are as [login to view URL] is a temporary endeavour under take to create an unique product or service or result. Project is a unique process, consist of a set of coordinated and controlled activities with start and finishing dates under taken to achieve Project charecteristicsan objective confirming to specific requirements, including the constraints of time cost and resource. Despite about diversities, projects share the following common charecteristics. [login to view URL] in nature. [login to view URL] definite objectives(goals) to achieve. [login to view URL] set of resources. [login to view URL] a specific time frame for completion with a definite start and finish. [login to view URL] risk and uncertainty. [login to view URL] cross-functional teams and interdisciplinary approach. Project performance dimensions: Three major dimensions that define the project performance are scope, time and [login to view URL] parameters are interrelated and [login to view URL] relationship generally represented as an equilateral [login to view URL] relationship is shown in figure 1. It is evident that any change in any one of dimensions would effect [login to view URL] example, if the scope is enlarged, project would require mor time for completion. Project classification: Industrial projects also refferal as commercial projects, which are under taken to provide goods or services for meeting the growing needs of the customers and providing attractive re to the investors/stake [login to view URL] the backgrounds these projects are further grouped intlo two categories i.e., demand based and resource/supply [login to view URL] demand based projects are designed to satisfy the coustomers felt as well the latent needs such as complex fertilizers agro-processing infra structure etc. The resource /supply based projects are those which take advantage of the available resource like land, water, agricultural produce, raw material, minerals and even human [login to view URL] triggered by successful R&D are also considered as supply based. Examples of resource based projects include food product units, metallurgical industries, oil refineries [login to view URL] of projects based on human resource(skilled) availability include projects in IT sector, Clinical Research projects in bio services and others. Development projects are undertaken to facilitate the promotions and acceleration of overall economic [login to view URL] projects act as catalysts for economic development providing a cascading [login to view URL] projects cover sectors like irrigation, agriculture, infrastructure health and education. Project Management: Project management is a distinct area of management that helps in handing [login to view URL] has three key features to distinguish it from other forms of management and they include: a project manager the project team and the project management [login to view URL] project management system comprises organization structure, information processing and decision making and the procedures that facilitate integration of horizontal and vertical elements of the project organization. The project management system focuses on integrating palnning and control. Project management approach will help in handling complex and providing task oriented to personal in an organization in handling assignments. Organizations in IT sector handling software development assignments