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Project Management Principles

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Project Management Principles
What is the Project Management?

Project management is the discipline of planning, organizing, securing, managing, leading, and controlling resources to achieve specific goals. A project is a temporary endeavor with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables), undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value.
Project management is a composite activity with multiple dimensions. Depending on the type and class of project this management activity can be very complex.
To make a project successful, the following principles are necessary assets in creating a path to completion. These principles of project management can be applied to any level or branch of a project that falls under a different area of responsibility in the overall project organization.

Project Management Principles

 Initiation

During the initiation process, the nature and scope of the project is defined. Without careful planning of this process, the project is unlikely to meet the needs of the business. Here, need an understanding of the business environment and need to make sure that all controls are incorporated and all deficiencies pointed out and adjusted.
Everybody working on the project needs to understand the nature of their involvement: for what is each person responsible, and to whom are they accountable? Without clear roles and responsibilities, nobody will know precisely what he or she is supposed to be doing (and everybody will pass the buck at the first sign of trouble). In such a chaotic environment, the progress of the project will be seriously jeopardized.

 Planning

After the goals are set in the initiation phase, planning will incorporate details that are specific to make the project work. It is important to take the time to carefully plan out a project, as a poorly planned project will take much longer to complete. Important elements including

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