Briefly explain the key requirements for successful project management

Key Requirements for successful project management
Project management is intended for managing technical development and manufacturing projects of great complexity. In its early days it was a highly technical field known best, perhaps, for generating reams of paperwork. Even today, many people think of project management as a series of graphs, charts, and procedures, often implemented through a software package, designed to plan and guide to completion repetitive and highly predictable work…or–worse–to fill the empty hours of soulless bureaucrats.
Project management has evolved over the years. Today’s project management is less an arcane technical discipline than a set of principles intended to provide a structured approach to making the everyday decisions that keep a business running, even a small business.
Project management begins, as it should, by defining its subject: A project, according to project management theory, is an activity with three characteristics:
• Specific outcomes or results
• Definite start and end dates
• Established resource budgets

Proper project management may be resolved through the following measures:
• Implementing the appropriate level or organization
• Clarifying line and project management responsibilities
• Implementing effective manpower planning
• Controlling the workload: managing change
• Establishing professional working practices in the team
• Developing project management competencies in the team
• Establishing team roles and integrating team members
• Acquire Project Sponsorship
• Support Project Management
• Articulate & Link Business Need to Vision
• Create a Clear Project Plan
• Match Changes to Vision
• Acquire Project Sponsorship
• Executive support,
• Understand what ‘Project’ means
• Understand what ‘Quality’ means
• Define the Result, that is, the ‘End-Product’ well
• Write down the phases, that is, Segments of your project

• Commit to work in a Total way
• Usher in your project by translating the phases
• Be Vigilant to time, cost, resources and customer
In summary, PQRSTUV: Project, Quality, Result, Segments, Totality, Ushering and Vigilance

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