A project, otherwise known as a work effort does not begin right there in the planning stage, or at the outset of the project, for that matter. A project is a temporary attempt on an objective and has a defined period of time in which to complete it. One would guess, therefore, that a project is limited to the time allotted, within which to complete the project, i.e. within the periods at which the project begins and finishes. As a temporary attempt, the project is restricted to a definite period of time and is undertaken to achieve a specific objective, be it a producing a product for a specific market or a new structure for an organization. It is at this point when project management is required. As known on a apmg agile pm course.
The project management process starts with the formulation of a project charter, in the form of an official document, which outlines the need, the specifications, and the financial and logistic alignments of a particular project effort. If all this is exactly what that they deemed necessary, the project charter is his justification for the project. This, in turn, serves as the project’s delivery tool or deliverables.
For this to be successful, the project charter has to be prepared in an approved manner; it must be based on sound decision-making and evaluation to ensure that the resources are effectively matched up to their respective requirements. It also should consider if the capability or capacity of the project provider is commensurate to his/her asked responsibilities. This assures the product or deliverables are to be achieved or realized on time.
The project charter is the only way to tell the truth about a particular project, at its beginning and over the term of the project. Its use can reveal this to begin with, in the form of weekly or monthly reports, which will show the status of the project to those directly affected by it. These reports must be made immediately to those that require to know. A project charter is normally a printed document with details that can be read and full analysis, which truly need to happen. For further analysis, one can touch up on the deadhead with additional formatting before publishing. It is through this document that it would be possible to have control over the functionality and decision making process.
Project management
Scoping
Budgeting
Risk management
Performance evaluation
Decision-making during project
Initiating, planning, controlling, and closing a project
The Project Approach – all the research, development, and testing has been done, there is strong likelihood that production will begin within the time frame provided.