MSCP - Project Management

1. Explain project management
2. Identify the key stages of project management
3. Identify the advantages and the importance of implementing project management

Answers

1. The project management is known as the application of the tools, skills, knowledge and the techniques to be applied in the project activities to meet the requirements of the project. In addition, it is practiced informally.

2. There are six stages: Definition, Initiation, Planning, Execution, Monitoring and Control and Closure.

Planning
Execution
Monitoring and Control
Initiation
Closure

Definition
Make sure about the project goals, scope, risks, issues, budget, objectives, timescale and approach have been defined.

Before a project starts the project manager must make sure the project goals, objectives, scope, risks, issues, budget, timescale and approach have been defined. This must be communicated to all the stakeholders to get their agreement. Any differences of opinion must be resolved before work starts.

3. The main advantage is that the project management will help to take care to manage the project with effectively and its job is to enable them to resolve issues more faster. Moreover, it needs money and also time to manage a project.


References

Pmi.org. (2019). What is Project Management?. [online] Available at: https://www.pmi.org/about/learn-about-pmi/what-is-project-management [Accessed 10 Apr. 2019].

Projectsmart.com. (2019). [online] Available at: http://www.projectsmart.com/project-management/the-stages-of-a-project.php [Accessed 10 Apr. 2019].

nibusinessinfo.co.uk. (2012). Advantages of project management. [online] Available at: https://www.nibusinessinfo.co.uk/content/advantages-project-management [Accessed 10 Apr. 2019].