Project management

Project management provides businesses with a method of planning, organising, managing and executing a specific task, objective or set of goals. It is widely used in IT and construction but can apply in any business.

A project is a temporary piece of work which falls outside of 'business as usual' day-to-day operations and can be anything from moving offices or building a website to carrying out major construction work or complex statistical analysis. Some businesses are entirely project-based.

Proper management of a project can benefit a business in many ways, the most important of which are ensuring costs do not spiral beyond budget, that work is completed on time and to the right quality. Project management can keep things clear and efficient, and reduce threats to your business or project. It is essential in helping any business grow and is expected by many organisations when tendering for work

The advantages of SGE Project Management and how it can help your business

Project management can bring many benefits to a business. Good project management should:

  • reduce the chance of a project failing
  • ensure a minimum level of quality and that results meet required outcomes and expectations
  • free up other staff members to get on with their area of work and increase efficiency both on the project and within the business
  • make things simpler and easier for staff with a single point of contact running the overall project
  • encourage consistent communications amongst staff and suppliers
  • keep costs, timeframes and resources to budget

As well as these general benefits, many government departments and international businesses require a specific benchmark or provable project management standard from businesses that are tendering for work. If a business can show a strong track record in this area or if staff have formal qualifications or accreditation to a recognised project management system, it is likely to benefit from a greater availability of opportunities compared to those that can't.

What is project Management?

Project management focuses on controlling the introduction of the desired change. This involves:

  • Understanding the needs of stakeholders.
  • Planning what needs to be done, when, by whom, and to what standards.
  • Building and motivating the team.
  • Coordinating the work of different people.
  • Monitoring work being done.
  • Managing any changes to the plan.
  • Delivering successful results.

PM

While every project is unique in its own way, there are certain basics which define most project work. These are:

  • objectives
  • constraints
  • lifecycle

Every project takes place in its own specific context - a project may be stand-alone, part of a greater body of work, or it could be one in a series of projects. It may bring together as a project team a group of people who have never worked together before or give responsibilities and roles to people who are new to them. All of these factors need to be identified and considered in order for a project to be completed successfully.

 

Our principal understanding of PM

Defining your objectives

The main point of any project is to achieve specified goals and objectives. Once these objectives have been fulfilled, the project is disbanded, and in most cases, work handed over into normal operations. It is therefore vital to any project that the goals and objectives required are clearly defined, measurable and achievable. Without this, any project is likely to suffer from a lack of focus and an increased chance of failure.

Once objectives have been established, they should be clearly communicated and agreed with all staff and stakeholders on the project.

Understanding your constraints

A constraint is any factor which can limit or have an impact on a project.

Typical constraints are funding, the scope of the project, available resources and time. It is important to understand what the constraints of any project are in order to clearly define the boundaries in which project work must be done.

Projects which do not honour their constraints are often regarded as failures and tend to incur a significant cost to their business.

Lifecycle

Projects have a definite start and finish point within which their objectives need to be fulfilled. This is known as the project lifecycle. While this is usually defined by a start and finish date, the lifecycle of a project can also be defined by a finite resource such as money or a fixed amount of staff time available to the project.

Any successful project will deliver its goals and objectives while honouring its constraints, and by definition do so within the lifecycle of the project.

 

Sourcerers Energy develops new Business Ideas

Brain

New products and services are the lifeblood of all businesses. Investing in their development is crucial to business growth and profitability.

But embarking on the development process is risky. It needs considerable planning and organisation. That's it where Sourcerers Energy is comes out of the fog.

The successful development of our ideas is key to the success and growth of our and your (client) business.

For any new business idea we evaluate and manage its progress, taking into account the nature of the idea, our level of ability and the stage we coould achieve or we have reached with our concept.

We are convinced that our ideas, our experience and our professionality will help you to growth any of your investments extraordinary successfully.

If you interested in learnig more about our Business opportunities - please get in contact immediately.

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