Project Requirements Management
Project management is often defined as the method by which a group of people coordinates and takes the necessary steps to successfully complete a project. It can also be used to describe a system of control, measurement, and communication used in projects. Project management is used not only in organizations but also in the private sector. A manager is responsible for the organization’s resources as well as its projects. He/she must effectively coordinate and manage all aspects of production, research and development as well as sales and distribution.
Project management is the methodology of directing a group of people to achieve all project objectives within the given limitations. This information is normally described in project documentation, generated at the inception of the project. The main constraints involved in project management are time, scope, budget. Project managers organize their teams to attain specific goals with a combination of resources available.
There are several facets of project management. Among them are initiation; execution; monitoring and controlling. Each of these phases has its own significance. Immunization is the first phase in which decisions are made regarding the initiation of projects. Executing the projects is followed by the next steps such as creating deliverables, monitoring and controlling.
Project documentation helps project managers to track all the activities associated with their projects. With proper and timely documentation, managers can monitor and control the progress of each phase. They can determine the status of the projects, their deliverables and deadlines. They can also track and update the scope of the projects. Most importantly, they are able to make sure that the objectives of the organization are achieved within budget and within the time period specified by the stakeholders.
As the projects progress, task assignments are created and tasks are completed. Once the objectives have been reached, project managers determine the next actions. Project managers can use software applications to manage tasks and to assign priorities among them. The tasks can be completed in a specified order and on the designated schedules. Project managers and team members play an important role in completing the tasks within the allotted time period.
This article has explained the basic concept of the five phases of project requirements management and the way they interact with each other and with the other phases. It is hoped that this overview will assist you in learning more about the subject and in determining if this is a field for you. Project management methods and methodologies may change from one organization to another. The project manager’s knowledge and experience will influence the type of methodology he or she uses in managing projects.
