What is Project Management ? A project can be defined as: "an endeavour in which human, material and financial resources are organised, in a novel way, to undertake a unique scope of work, of a given specification, within the constraints of cost and time, so as to achieve a beneficial change defined by quantitative and qualitative objectives. " The essential features of a project are its uniqueness and novel organisation to achieve a beneficial change. Projects need to be evaluated against expected gains before the project is initiated. Projects that are doomed to failure before they even commence carry a great business risk. Project Management was defined as a combination of Tools and Techniques such as PERT, CPM and C/SCSC and managerial control methods. The tools of Project Management are more advanced than managerial control methods and projects often fail due to the disproportionate amount of effort placed on these systems. Structured Project Management techniques provide a framework for Project Management Tools to operate. They concentrate on the definition of the project objective, determining the Project Organisation, problem solving and life cycle structures and the correct level of information for each part of the project structure. When a company defines a specific standard set of procedures for its projects we call this process a "methodology". One key role of the Project Manager is to come to terms with the fact that they seldom have the authority to command resources as required and must negotiate with Functional Managers for their co-operation. As there is little political kudos to be gained by the Functional Manager this can prove a major hurdle to effective Project Management. A project should be considered to be a badly behaved child. It may well behave itself when your full attention is being given but misbehave the moment your back is turned leaving you to wonder where you went wrong. IBC's expertise strives in establishing clear objectives, good organisational design, formal communication methods and adequate structured planning and control methods.
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