Discuss the importance of project management. What are the different sections of project plan.

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The importance of project management is an important topic because all organizations be it small or large at one time or other are involved in implementing now undertakings.

These undertakings may be diverse such as the development of a new product on service; the establishment of a new production line in a manufacturing enterprise, a public relations promotion campaign, or a major building program.

Project management involves systematically planning and implementing activities to ensure project completion on time within budget and to the requirement specification.

Project management effectively controls organizational change allowing organizations to introduce new products new, processes, and new programs effectively.

Project management concepts & techniques can be applied to a broad range of projects such as

  • the building of a block of apartments, 
  • a bridge, or a new aircraft, 
  • the design and development of an s/w package, 
  • the planning, and staging of an event.

A different section of project planning are:-

  1. Introduction: It describes the objectives of the projects and sets out the constraints like budget time etc that affect the project management.
  2. Project organization: It describes the way in which the development team has organized the people involved and their role in the team.
  3. Risk Analysis: This describes the possible project risk, the likelihood of these risks arising, and the risk reduction strategies that are proposed.
  4. Hardware and software resource requirements: This specifies the H/S  required to carry out the development. If the hardware has to be bought estimated prices and delivery schedule may be included.
  5. Work breakdown: In this phase, the project is broke down into activities and identifies the milestones and deliverables associated with each activity.
  6. Project schedule: This phase shows the dependencies between activities the estimated time required to reach each milestone and the allocation of people to each activity.
  7. Monitoring and reporting mechanism: This defines the management report that should be produced.

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