||Bookmark this page!
Project management is an increasingly important aspect of business.
In any large project, it is vital to have some sort of plan and
structure to guide its progress and ensure that it reaches
successful completion. The tasks involving such organization and
management of the project's time and resources are what comprise
project management, and often involve finishing the project on time,
remaining within the budget, and completing the work that needs to
Traditionally, project management involves specific stages in the
development life cycle. These include initiation, planning,
execution, monitoring, and closing. Each is an important step in the
Initiation is where the project becomes fully understood. Project
managers must take care not to hurry through this step but to spend
time carefully analyzing since oversights during this stage can lead
to project failure later. Some of the things to consider are the
needs and goals of the business, the current operation of the
business, how the final product will fit into these operations,
projected financial costs, and the final users and support
available. A schedule with tasks and deliverables is often drawn up
Actual system design takes place during the planning stage. Usually,
the team will create a model of the system and test it on potential
users. If it functions well and can be feasibly done within the time
and budget constraints, project execution can begin, the stage where
the actual product is developed.
After there is a product, it must be monitored to see if it
functions as it should. This way, any glaring problems can be fixed.
While the largest issues are often corrected up front, this is an
ongoing process as end users make use of the product and note any
errors or bugs they find. The team will often issue periodic updates
for the product to keep it functional.
The final step is the closing of the project. This is where the
final acceptance of the project takes place, and the contract
officially ends. At this point, the project is complete. Project
managers will often make sure the project is properly documented and
may discuss with the team some of the key things they have learned
during the development process.
A successful project manager will oversee all steps of this
development life cycle, ensuring that the final product meets the
needs and goals of the business. This results in a satisfied client
with a new tool to facilitate their business operations.