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Management
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Just-In-Time Manufacturing (JIT)
Just in time is a concept of zero wastage production in project management that was first introduced in United States by Ford motor company that lays emphasis on reducing the carrying cost of inventory in order to get maximum profit by reducing wastage. Basically, Just-In-Time Manufacturing (JIT) production system demand-pull production strategy instead of the traditional production-push production strategy.
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Management
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Project Management
Project management is a specific discipline of management associated with the planning, organizing, securing, managing, leading, and controlling the resources of a project to achieve the desired goals or objectives of the project. A project can be defined as an temporary phenomenon of an organisation which has a defined set of objectives and goals at the beginning and ends with the achievement of those goals.
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Management
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Project Management Tools
To achieve the desired goals and objectives of a project, a project manager is provided with certain tools that supports in achieving the set of goals and objectives decided at the beginning of the project. Project Management Tools can be a set of specific tools designed especially for fulfilling the need of the project activities in a more productive manner and helps the project managers utilize them efficiently in order to make the easier and productive.
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Management
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Project Management Methodologies
The basic objective behind a project management is to achieve the defined set of objectives and goals for a project in a definite time frame within the allocated budget. A project manager deploys different strategies to get the best results out of a project. For this different project management methodologies have been designed keeping in mind the requirements and need of the project. Different types of projects require different project management methodologies for implementation that helps the project managers at every stage of the project.
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