Wednesday, February 23, 2011

iNtRo Of PrOjEcT ManAgEmEnT


 
Comparison between Project and Project Management

Project
Project Management
Characteristics for project are:

          Temporary: means that every project has a definite beginning and a definite end.
          Unique Products, Services or Results: A projects creates unique output, which are products, services or results.
          Progressive Elaboration: means developing in stages and continuing by increments.
          Should have a primary customer or sponsor.
          The project sponsor usually provides the direction and funding for the project.
          Involves uncertainty.

Project Management is the application of:

        ·         Knowledge,skills

        ·          tools and

        ·         technique to project activities
 

Advantages of Project Management
          Improved customer relations.
          Shorter development times.
          Lower costs.
          Higher quality and increased reliability.
          Higher profit margins.
          Improved productivity.
          Higher worker morale (less stress).

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