Fundamentals of project Management

Going back to the original question "What are the Fundamentals of Project Management?". It is my opinion that the top-liners should be:

General Management - day to day stuff

Financial - estimating, forecasting and budgeting

Monitoring & Control - risks, issues and planning

Organisation - everyone from the Board of Directors downwards

Resources - mainly the team and anyone brought in to assist, advise or consult

Communication - anyone and everyone affected by the project

Managing Relationships - team, stakeholders, suppliers and internals

Reporting - up, down and sideways

How to deliver the under budget project with satisfied customer

Project management is the technique to finish the project within time, with limited and optimum resources, above all with satisfied customer. To achieve this there are five tips-
1. Believe in Team work.: Manager delegate his work which he can handle and involve in the work which cannot be handle by team. and he should always have time to answer the queries of the team. Ready to motivate and review the step towards the goal.
2. Expect the unexpected: always ready to deal with crisis and unexpected happening. It will save the time if handle the crisis on time.
3.Honesty is best policy: Most of the cases always clarify the doubt of the clients and clear your position regarding the time frame and resources.
4Lead the team: always ready for the team to motivate and boost up the energy by the performance appraisal and provide the some group activity.
5. Need a smart work not a hard work.

these points can ad up to provide the project on time...

Project Management Basics

Phase of the Project Management for IT based company:

1. Analysis: in this phase the project manager will discuss the client’s requirements for the solution. This requirement will be based on
i. Business Environment
ii. Processes
iii. Systems
iv. Employee or user
v. Client’s clients
vi. And Organization structure.

Above all the points are considered for the analysis.

2. Design: In this phase a prototype solutions are design for the clients based on the above requirements. In this case project manager will design the module for the clients’ confirmation to development of the project.
3. Development: it is the most time consuming phase. This steps involved-
i. writing software code
ii. constructing hardware
iii. building data base
iv. Writing user interface.

If this phase is not properly executed it means there are gap between the clients requirement analysis and developer.

4. Testing: When solution has been built up the tester will match the clients requirement check all the condition. There are various types of testing includes system;
i. system
ii. load
iii. performance
iv. security
v. user interface testing


5. Implementation :After completion of the testing this is last phase where the project is going to implement in real system.

So final “check and Balance” in this case the project gives the result as the clients’ requirement.

These are the common type of the project management phases. As the completion of the project increasing the phases will be come more completed.