Project Management Essay Example | Topics and Well Written Essays - 2250 words - 4

Project Management - Essay Example Fourth is the evaluation phase. The initiation phase entails definition of the scope, objectives, purpose, deliverables, resources, the structure of the project and the timescales while in the planning phase, there is the creation of a comprehensive project plan. This project plan is essential to the project since it acts as the reference for the project manager throughout the project for the control and monitoring cost, time and quality. In the project execution phase, the project manager controls and monitors the project delivery while the project team produces the deliverables. Once the consumer accepts the deliverables, the phase review is carried out to ensure that the project objectives have been achieved. The project is therefore ready for closure. After its closure, an evaluation should be carried out to determine the overall success of the project and find out whether the stated benefits in the original business case have been realized. The management should finally document any lessons learned for future projects (Griffin, 2010). Project management is an important activity among the overall business operations. In many organizations, team work has been a common aspect due to the great need for methods that would diagnose and solve problems that arise within the organization. Forecasting has also been applied in an attempt to take care of the arising problems in an organization before they have truly developed. On the other side, the project management has got many benefits to an organization. First, it provides and ability for the utilization of the forecasting methods in an organization. The organization therefore obtains an ability to look at situations by using various driven computer applications. Project management enables better teamwork. In any organization, teamwork is an important part of the entire aspect of its success. The more employees work