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5 Tips For Better Management Of Home Business
Home business on the net offers an opportunity to earn a lot of money. But like any other business it demands a constant input. A better execution of efforts would bring better results. Inculcating a professional approach and attitude...

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Time Management and Money
I remember how intrigued I was when years ago, and long before I had heard of time management, I recognised the link between time and money - we say that we 'spend' both time and money, and also talk about 'saving' time and money. Moreover...

 
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Collective of Concepts to Better Understand your Project Management [1011]

Collective of Concepts to Better Understand your Project Management [1011]

Publishing Guidelines: You may publish my article in your newsletter, on your website or in your print publication provided you include the resource box at the end. Notification would be appreciated but is not required.

By S. Maurer

Project management knowledge and practices are better described in terms of their component processes. These processes can be placed into five process groups (initiating, planning, executing, controlling and closing) and nine knowledge areas (project integration management, project scope management, project time management, project cost management, project quality management, project human resource management, project communications management, project risk management and project procurement management).

A Project Management Rule: Embrace uncertainty, expect the unexpected. There is far more that we don't know and can't know than what we can anticipate. Be resilient to what life throws at you. Anticipate that your team will learn something along the way that can and should change what you have promised and how you can deliver on your


promises.

The core variables of the project management process are product scope, quality grade, time-to-produce and total cost-at-completion must all be mutually consistent and attainable.

Tracking progress on a project management should be a regular and continuous part of you daily routine, even if you have other duties that require your attention.

Formal methods of Project Management offer a framework to manage this process to provide a series of elements - templates and procedures - to manage the Project Management through its life cycle. Balancing limited labor, materials, and other resources is a difficult task that earns a good Project Management top dollar.

The genesis of the project management life cycle process in its most basic form, is to be found in the very term "project management" itself. A project has, by definition, a start and a finish.

About the author:

S. Maurer is a 53-years old college graduated IT professional, with 30 years of experience in the computer & technology business. Now is the Correspondence Courses Director of the Abet Open University: http://mba-open-university.net and http://cio-certification-ccio.net .