Author : Bethany Bold.
Published : Mon, Jan 21 2019 :5 PM.
Format : jpg/jpeg.
A real success is not in the completion of the project, but being able to provide a business benefit to the customer from the delivery of the project. After all, a particular project is made to provide benefits and value to the customer.
The project management should effectively utilize all the limited resources provided by an organization. Although some projects have all the complete resources, such as skilled people, materials, budget plan, and so on, it is still important that the project management should make the most out of this resources.
Project management, therefore, is the application of techniques, tools, skills, and knowledge to make sure all project requirements are met. Until the middle of the last century, project management was an informal activity.
Time and budget are the biggest constraints of every project. Now, the goal of the project management is to finish and accomplish the project with a stipulated time and budget.
Other project management aims to optimize the allocation of significant inputs and apply them to meet predefined value statement of objectives.