Project Management Techniques For Your Projects

Be it a small scale industry or a huge conglomerate

, everyone needs to have a good grip over project management, if they want to increase their productivity and profits. It is a methodical and systematic approach to plan and guide all the project process from beginning to end. Its main aim is to complete a particular task and project with optimum utilization of resources with proper planning, organization and management.

When an organization starts a project its development depends on various external variables and factors as the deliverable and the time line which has to be followed for it. These factors affect the goals which are to be achieved for the project which result in beneficial changes and added values. The primary aim of it is to achieve all the project goals and objectives without compromising the on ethics and values and taking into consideration the constraints which might affect it. Typical constraints include scope, time and budget.

There are many approaches by which one can tackle the project management problem. These can vary a lot depending on the kind of work needed. These are the traditional approach and the critical chain project management.

The traditional approach normally uses the conventional approach of identifying the five basic stages, which are common for any project. If not all, then few of these steps are common to all. It might happen that for some projects the intermediate steps are skipped while in some cases there is repetition of the steps.

The relatively newer approach to project management is the Critical Chain Project Management, abbreviated as CCPM. The difference is that in this process more emphasis is given to the available resources. Man, Money and Machines are the common resources an organization might need to successfully complete and execute the project. The basic aim of this method is to increase the number of completed and successful projects.

At times it is also said to be a direct application of the Theory of Constraints. The unique thing about the process is that in this case the constraints are termed as the resources and are exploited. This exploitation is possible when the tasks on the critical chain are given priority over all other activities. The projects are planned and managed to ensure that all the resources are ready when the critical chain tasks begins which would subdue all other resources to the critical chain.

With time the methodology which is used for project management has changed. But regardless of the methodology employed for it, a careful consideration must be given to all the goals, objectives and constraints.

Time-line and cost as well as the roles and responsibilities of all participants and stakeholders are the other significant things which should be taken care of. It in itself is a very unique form of management which today finds a wide application in all forms of industries.

by: Joy Banerjee

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