Project Management

Project Management deals not only with planning the project, however it also ensures that the project is organized and secured using the team of intellects to achieve the specific goals within the specified timelines. The project undertaken is always defined with the start and the end with time and cost constraints.
The project can be termed as a sum total of functional activities which define the service or the product. Now to define these functional activities one must posses a distinct technical skill and management strategy. The objective of the project management is to achieve all the defined goals and objectives while honoring the predecided constraints which mainly include time, scope, cost/ budget, optimization of the resources and allocating task to them.
The project management is a continuous task which uses various tools and techniques and methodologies to measure and track project progress and tasks. The process of the project management is generally a five step process:
1. Initiation
2. Planning and Design
3. Execution
4. Monitoring & controlling
5. Closing

Inbetween these steps another important aspect which is considered is Project Control. This helps the project to be on-track, on-time and in-budget. If the project control is carried out properly, the cost of the business with be justified. The project control elements are defined as:
1. Overall Business Strategy
2. Standards for new systems
3. Project Management Policies
4. Change Management
5. Quality Control

There exist numerous Project Management techniques and methodologies in the industries. Each follows a specific technique that is suitable as per the organizational strtucture. These methodologies are:
1. Rational Unified Process (RUP) or Traditional Process
2. Structured System Analysis and Design (SSAD)
3. Prince 2
4. Critical Chain Project Management Methodology (CCPMM)
5. Event Chain Project Management Methodology
6. Extreme Programming Project Management Methodology
7. Process Based Project Management Methodology
8. Agile Based Project Management Methodology or SCRUM
9. Crystal Clear Project Management Methodology
10. Lean Project Management Methodology
11. Extreme Project Management Methodology
12. Waterfall Project Management Methodology

Apart from the above mentioned methodologies there are several Project Management techniques which are based as per the industrial standards. Project Management techniques are used by the Project Managers to steer their project in the right direction so that it remains structured. These techniques are:
3. MTA
4. EV
5. Critical Path
The Project Management Techniques are not only defined for the Project Managers but can be used by any industrial asset who is managing the project by using tools like:
1. Brainstorming
2. Fishbone / Ishwaka Diagrams
3. Critical Path Analysis Flow
4. Gantt Chart