Question

Final reflection on Strategies Project Management MGMT 626

Answer 1

Strategic project management is the process of planning, executing, monitoring the project and controlling the work of the project team in order to meet the project goals and objectives. The management of the project or projects are done by the project manager.

The five techniques used in strategic project management are: -

• to create cost effective system for managing personnel on a project needs.
• leadership should be strong
• every problem consists of different unique problems
• proper planning and scheduling ensures that the project gets completed on time.
• proper cost control

Project management is used by both small and large businesses to complete the given projoect on time without affecting the rest of the business. The reasons it is critical to manage project well because: -

• Project are temporary and unique in nature. It is totally different from the day to day operations. Different expertise is required for planning and execution of the task. The responsiblility of project budget and completing the project on time ls taken by the project manager. Thus it is important to have project management in the organization.
• Unique skills, knowledge and experience are needed to plan, execute, monitor, control and implement the task to meet the goals and objectives in time.
• Different projects have different scope and goals. So, the project manager carry out the task effectively.
• Since projects are time bound and needs to be completed within the deadline, it is essential to have project management.
• Project management identifies anticipated costs and control the budget of the project.