What is a Project ? Difference between Project and Project management?

Project is just a job, which is done for single time. If you ask me what is the difference between project and project management, may be both terminology looks similar but it is not the truth, both are different from each other.  Project is done once and Project management is how you manage the project.

Project Management in detail

It’s a process of planning, allotting resources, scheduling and controlling the project activities to attain project objectives successfully.  Important and general objectives of the project are cost, performance and time goals, to effectively manage a project you need to show skills to make sure the scope of the project is also achieved.

Its very unlikely that the scope of the project remain the same through out the cycle of the project, generally speaking the scope of the work increases as when we get into the details closely, you may discover new problems or inefficiency to spot some problems about the project.  Slight change in the project will surely impact the budget, this is main reasons and causes of most of the project failures.

Responsibilities of a Project manager

Project manager should inform the stakeholders about the impact of the project if the project scope changes, if that has been communicated to the stakeholders then the project failure chances are minimal. A project manager should actually know this following things such as performance, cost, time and scope.

Performance:

The work started must end in good note and with good quality

Cost:

The cost of the project is related to the number of resources used

Time

You need to schedule the project and finish it on time.

Scope

The Magnitude of the work to be performed without any delay.
Equation is Cost = f(P,T,S)

Where f stands for function (f) of performance(p), time(t), and scope(s).  All are interconnected.

This article is for information purposes only

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