What is the importance of Project Management?
Asked by Sunita Devi Last Modified
Follow 1 
Answer 
Sajit Nair
Practical MBA & IAS Consultant
Let's play 'God' here for a bit . Imagine you have an idea of creating a perfect life form that can think for itself . Now, despite being a god, you know that you can't just create a miracle and will such an entity to appear. So, the first thing you do .. is ... identify a location that is most...
read more Let's play 'God' here for a bit . Imagine you have an idea of creating a perfect life form that can think for itself . Now, despite being a god, you know that you can't just create a miracle and will such an entity to appear. So, the first thing you do .. is ... identify a location that is most feasible for such a 'life-form' ... ( ex .. the earth ) ... The next thing you consider is , what are the requirements for such a entity to thrive .... you then consider the environment , food sources, flora & fauna and so on ... Ultimately you start from the smallest cell organism and estimate that it would take approximately 1.2 billion years for the super 'entity' to be created . So you plan accordingly and take precautions of avoiding ricks such as 'comets', 'earthquakes', 'meteor strikes' etc. and finally, if you (god) are able to do an awesome job .... there will be some guy in Mumbai posting a weird answer to a fundamental question posted by a lovely lady who resides elsewhere !!!! Project Management is no different !! :) Merely managing the entire process fro the begining to the end. read less
2
Comments
Gaurav Arora
Consider any situation you are facing currently, in terms of professional or personal life, I guess there's always a big question for what could be done regarding it? The first step to solve any problem, is to know the problem, and there's when Project Management comes into picture. Project management...
read more Consider any situation you are facing currently, in terms of professional or personal life, I guess there's always a big question for what could be done regarding it? The first step to solve any problem, is to know the problem, and there's when Project Management comes into picture. Project management cycle is very interesting and also, applicable to every problem in the world. 1) Find the problem. 2)Define the problem and plan for it. 3)Look for the solutions. 4)Find the best alternative. 5)Implement the solution & control. 6)End of the problem. Happy Learning :) Peace ! Gaurav Arora read less
1
Comments
Umasankar Natarajan
Software Professional Trainer with 26+ years of Experience in Software Design and Development
Project management will help to estimate, assign, track, monitor and control the project actiivities
1
Comments
Hello Sunitha, All three challenges one facing wrt TIME, COST and QUALITY can be addressed though Project Management. Feel free to reach me for more details. I am not sure of the context, thus need more details. Suresh
1
Comments
Focus on QDCF Q - Quality of the project or product which you are working D - Delivery of your project within the timelines C - Cost of your project within the allocated budget F - Feature of your product
1
Comments
Project management ensures that the required set of items that need be focussed on is taken care of, while a person or a group of persons (team) embark on a specific journey. That journey is to result in a specific end goal. Project management ensures that there is atleast one person who has all the...
read more Project management ensures that the required set of items that need be focussed on is taken care of, while a person or a group of persons (team) embark on a specific journey. That journey is to result in a specific end goal. Project management ensures that there is atleast one person who has all the knowledge, tools, techniques and the wherewithal to keep everything ticking until that journey is completed. What happens without project management? If a team is embarking on a journey towards a end goal, someone may get appointed/voted/selected to lead. It is not assured if the team or that lead has all the required knowledge, tools, techniques, resources at their disposal to start, progress or conclude that journey. read less
1
Comments
Anything and everything if we have to consider or undertake as a project, we need to first put it on paper. The things that scheduled are the things that get done and the things that get done are the only things that get scheduled. First thing to do is identify your problem statement(something is not...
read more Anything and everything if we have to consider or undertake as a project, we need to first put it on paper. The things that scheduled are the things that get done and the things that get done are the only things that get scheduled. First thing to do is identify your problem statement(something is not right), then convert that to an opportunity statement(we can do this to better it) and finally come up with your goal statement(let the rubber hit the road) to materialize your objective by giving it a timeline of-course with tolerance.(we are all human beings not machines) read less
1
Comments
Application of Project management principles increases the probability of a project completing its objectives in time and within the budget.
0
Comments
Hello.Thanks for your prompt response for Project Management.Before explaining for basic concept, I need to understand about are you an job professional looking for any certification in Project Management.For your general information about importance of Project Management its an certification for managers...
read more Hello.Thanks for your prompt response for Project Management.Before explaining for basic concept, I need to understand about are you an job professional looking for any certification in Project Management.For your general information about importance of Project Management its an certification for managers working in different domains both in IT or Non IT firms.Thanks. read less
0
Comments
Rakesh Kumar
BE, PMP, MBA
Project Management processes helps us in understanding - 1. What we are doing - no more no less - Scope Baseline 2. What we expect out of our action - Deliverable 3. How long it will take to complete the tasks - Schedule 4. How much it will cost - budget; initially and based on progress � Earned...
read more Project Management processes helps us in understanding - 1. What we are doing - no more no less - Scope Baseline 2. What we expect out of our action - Deliverable 3. How long it will take to complete the tasks - Schedule 4. How much it will cost - budget; initially and based on progress � Earned value analysis 5. Options of getting it predictable in scenarios � Trade among 1, 2, 3, 4 6. Managing risk, procurement, quality, communication, stakeholders,.. 7. Most importantly integrating all above interdependent/interlinked functions under one umbrella called project management. So if one needs to manage project and expect predictable output, project management is the answer and so lies its importance. read less
0
Comments
View 14 more Answers
Related Questions
Why PMP training is important? 
Will help you to manage and control your project to meet customer expectations.
10 What is the difference between MBA and PMP?
An MBA offers a broad business management education, while a PMP certification focuses on project management skills and knowledge. Choosing between them depends on career goals: an MBA is suitable for...
What is the benefit of PMP Certification?
PMP certificate help to learn more about project management in all the process area Integration, Scope, Time, Cost, Quality, HR, Communication, Risk, Procurement, Stakeholder. Those who are working in...
How relevant is PMP certification for Business analyst?
While a PMP certification is valuable for project management roles, it's not a strict requirement for business analysts, and certifications like CBAP or PMI-PBA are more relevant for business analysis roles
Does PMP certification include Agile?
Yes, the Project Management Professional (PMP) certification from the Project Management Institute (PMI) now includes Agile concepts and practices, with 50% of the exam questions focusing on Agile and...
Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com
Ask a QuestionRelated Lessons
Basics of Stakeholder Management
Stakeholders for a project are people or groups of people who impact it or be impacted by itThe ability of Project Manager to correctly identify and engage stakeholders could become the difference between...
Project initiation with PRINCE2 Methodlogy Video lessons
Before watching the above 5 series of videos you can read the below blog written by me on this subject: https://vskumarblogs.wordpress.com/2016/01/19/how-to-start-a-project-with-prince2-methodology/ ...
Primavera P6: Changing negative symbol for currency
Project user may want to display currency in different format according to personal choice. Primavera provides one option to change it. This video explains how to change the currency display format.
Points to be remembered while creating Project schedule in MS Project
Rule 1 : First task should not have predecessors, Last task should not have successors. Rule 2 : Except first and last tasks, every task must have both predecessors and successors. Rule 3 : Project Summary...
Five Stages of Team Development
Tuckman Ladder developed by Tuckman describes five stages of team progression Forming. Team members meet and learn about the project. Individuality is high Storming. Team members start working....
Find Project Management Training near you
Looking for Project Management Training?
Learn from the Best Tutors on UrbanPro
Are you a Tutor or Training Institute?
Join UrbanPro Today to find students near you
