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).