Project management is an integral part of an organisation since times for carrying out any organisational activity effectively and efficiently. Project management is basically the effective utilization of knowledge, skills, efforts, experience, capabilities and time for planning, organising, staffing, monitoring, controlling and leading a project to meet the desired objective of the project.
Though, we will discuss project management in organisational context here but a project management is essential for carrying any kind of project including domestic projects, social projects and others.
Project management is not a single process but is a combination of several processes that complete project management process jointly. A complete project management cycle comprises of following process to complete a project management:
During the entire project execution phase, proper reporting of the work progress has to be done on daily basis. The senior management is responsible for taking detailed report and updates from their subordinates in order to track project progress.
The tracking of the progress of the project has to be done on every aspects including effort, time and cost so as to judge whether the project is moving forward in a right direction or not. If in between the execution phase any loophole in the process is identified affecting the delivery of the project, then the process is rectified immediately to avoid any loss.
Similarly, validation is much required as a supporting tool for the project management process to run efficiently. Validation is an ongoing activity in a project cycle that runs from the beginning of the project to the completion of the project. In many projects a special division called 'quality assurance team' is established that assist the project team for validation and verifications functions.
Once the project is completed, it is the time of evaluation of the entire project. During the coarse of the evaluation, the mistakes made by the project team during the project management process are identified which is then kept in mind to avoid them in future. In addition to that, the difficulties faced during the project cycle are also identified so that more efficient strategy could be made in the next project.