The paper "What Is Project Management and the Main Phases of a Project Life Cycle? " is a delightful example of an assignment on management. A project refers to a collaborative enterprise, which often involves design or research that is planned carefully in order to achieve a specific goal. Projects are mostly termed as short-term social systems, which are constituted by teams in, or across firms so as to complete specific activities under time, deliverables, and financial constraints. A project is not part of the usual business operations, but it is created once, it is specific, and temporary (Westland, 2007, pp.
1-202). What is project management? Project management entails a discipline of organizing, planning, securing, and managing resources so as to attain particular goals. It is the art and science of organizing parts of a project. Sen (2009, pp. 4-21) maintains that a project could be the launch of a service, a new product’ s development, a wedding, or a marketing campaign. The basic challenge involved in project management is to realize entire project objectives and goals while honoring predetermined constraints. Some of the typical constraints include time, scope, budget, and time.
The minor, but pushier, the challenge lies in optimizing the allocation and integration of inputs essential in order to achieve the preconceived objectives (Dinsmore & Cabanis-Brewin, 2011, pp. 475-480). Main phases of a project life cycle Heldman (2009, pp. 15-20) notes that regardless of the kind of project, project management takes a similar pattern of definition (initiation), planning, execution, control, and closure. A project cycle begins with the definition or initiation stage in which a project manager defines the project details, and what the project users expect to attain by carrying out the project.
It also entails an outline of project deliverables and the results of the particular set of tasks. Here, the project manager works with the firm’ s manager or sponsor who desires to have the projected enforced and other stakeholders; those individuals who have considerable interest in the project’ s result.
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