Question : Outline the important steps involved in Project Management. (Summer 2005)
The main steps involved in Project Management are :
1. Project Planning
2. Project Scheduling
3. Project Controlling
1. Project Planning : In small projects, resources, constraints, and interrelationship can be visualised without any difficulty and the project can be planned informally. But if the project is not small enough then we need a formal approach for planning. Without effective planning the project cannot be executed.
2. Project Scheduling : In broad sense project scheduling is a part of planning itself. In project scheduling one mainly concentrates on time schedule and allocation of resources.
3. Project Control : In project control a continuous check on the performance of the project should be made. The causes of deviation from the goals must be carefully ascertained. There are approaches for project control, the Variance Analysis Control and the Performance Analysis Control (Modern Approach).
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