Dear Respected Research Gate Members,
Why we study "Project Management"?
Thanks & Regards
Why we study "Project Management"?
So that we know how to transform something from plan / design to deliverable in the context of right scope, meeting quality requirement, timeliness & within budget.
Project management helps you to have a both scientific and strategic view to do a project in success.
Project Management is the systematic method of Initiating, Planning, Executing, Controlling, and Closing a project or a task within a specified period of time to achieve organizational goals. We study Project Management because of following reasons:
An effective project management is able to negotiate reasonable and achievable deadlines and milestones across stakeholders, teams, and management
- Project management enable to learn how to prioritise workload to achieve results.
- A project management enhances the efficiency when you are facing constraint between time and budget
- it ensures to generate value for each business opportunity
- Project management Optimizes utilization of Resources by adapting the practice of tracking the project progress, managing the project risk and ensuring the maximum utilization of resources.
Dear Dr. Han Ping Fung,
Thanks for expert inputs. Thanks also to spare your precious time for valuable answer.
Thanks & Regards
Dear Dr. Loc Nguyen,
Thanks for expert inputs. Thanks also to spare your precious time for valuable answer.
Thanks & Regards
Dear Dr. Dhani Shanker Chaubey,
Thanks for detailed expert inputs. Thanks also to spare your precious time for valuable answer.
Thanks & Regards
Today’s complex environments require ongoing implementations
Project management is a method and mindset. A disciplined approach to managing chaos is needed. Project management provides a framework for working amidst persistent change
Project management is a strategic way to complete the project. Off course it is simple way of initiating, planning, executing, controlling and closure of a task within specified period of time. More then when complex project come in engineering devision, specially in manufacturing and design it is quite helpful in curtailing the tasks with the cost and time consideration.
Examples:
They are project network and scheduling techniques( optimistic, most likely and pessimistic) a+4b+c/6.. Using this it yields a important tools for schedule selections.
Similarly, for CPM path...longest path in a straight way is the highest completion of the days required for a project without touching the dummy line in the event and activities.
Similarly, by using project management risk is substantially reduced on a project manager. Calculating NPV, ROI shows the clear picture of the project stature.
Very similarly, project management is usually applicable in finding the present values, future values, annual values in recurring and non-recurring uniform costs which estimates the variability of life cycle cost of a product which is yet to be designed in advance.
Similarly, Project management capture the goals of statistical process quality control by process capability index values if less then one minimum, process is not capable. It yields a idea behind start the process to further designed implementation.
Project management not only predicts the statistical quality process capability levels likely 99.999%, 99.72%, 95.44% , it also indicates resolute in manufacturing segment at which quality level profit is maximum using lot tolerance percent difference.
Hope Mohammad, answer it work out for you well.
- Badges
- Science topic
- Similar topics
- Engineering
- Mechanical Engineering