Necessity of Project management
With the growing complexity of projects, the need to understand, and plan all the interrelated activities has increased significantly. Through project management, organizations can schedule and plan activities so that the objectives of the project can be achieved on time.
Project management assists organizations in scheduling operations so that resource wastage is minimized. Networking techniques like PERT and CPM help project managers identify the best suitable schedule for a project. Completion time for each activity is identified and, based on that, tasks are scheduled to reduce the total project time and costs. The allocation of the resources such as man, machine, and material for various activities is a complex process as many decision variables are involved. For large projects that span months and years, it is important to identify the resource and time requirements of each activity accurately. Further, any project that extends the allotted time can put great resource strain on the project. Project management techniques are employed to determine the project duration, critical activities of the project, the schedule of activities, etc. Critical activities are those activities, which, if delayed, can extend the project duration. Therefore, by identifying critical and non critical activities, project managers can determine which activities can be delayed without affecting the duration of the project. Project management assists an organization in completing projects on time, employing the optimum quantity of resources. Exhibit 20.2 lists the key aspects required to ensure the success of a project. Project management helps improve quality, and reduce the risks and costs associated with a project.
Email based Operations Management assignment help - homework help at Expertsmind
Are you searching Operations Management expert for help with Necessity of Project management questions? Necessity of Project management topic is not easier to learn without external help? We at www.expertsmind.com offer finest service of Operations Management assignment help and Operations Management homework help. Live tutors are available for 24x7 hours helping students in their Necessity of Project management related problems. We provide step by step Necessity of Project management question's answers with 100% plagiarism free content. We prepare quality content and notes for Necessity of Project management topic under Operations Management theory and study material. These are avail for subscribed users and they can get advantages anytime.
Why Expertsmind for assignment help
- Higher degree holder and experienced experts network
- Punctuality and responsibility of work
- Quality solution with 100% plagiarism free answers
- Time on Delivery
- Privacy of information and details
- Excellence in solving Operations Management questions in excels and word format.
- Best tutoring assistance 24x7 hours