What is project management?

The project management It is a technique or methodology, which is used worldwide to achieve the objectives of a company or institution in a given time. This method has the ability to manage in a separate and balanced way emergencies and activities that have a high level of importance for clients.

Nowadays, the amount of work, the requirements and the variables have been increasing their complexity, therefore, each day more companies and institutions proceed to manage their activities as best as possible through projects.

Because this technique that can plan and organize work through good project management, only focuses on achieving the important objectives that required by the company or institution, such as productivity, compensation of resources, efficiency, control, decrease in time and prices, continuous evaluation of results, among others.

Objectives of project management

This methodology comprises the following objectives:

• To consistently achieve and exceed planned project objectives and increase the level of customer satisfaction, it is It is necessary to design plans that are realistic, use the necessary resources and use an adequate and convenient budget.
• Find a way to maximize the control of the project, through different characteristics of analysis of results, monitor possible risks or problems that could arise through the portfolios of the draft.
• Make it possible for the company to achieve successful results during the development of the project, under compliance with the conditions that have been previously established.
• Enforce the standards required by the public administration through the standard practice of the different methodologies, in the execution of the public administration process.

Phases of project management

Being able to track the phases, resources and participants within a project could present difficulties, however, there are numerous tools that can facilitate the information and help to deliver the activities in an appropriate way that must be fulfilled by all involved.

For this methodology to be fulfilled, certain phases must be taken into account, such as the following, which allow the execution of a successful project:

The beggining

It is necessary to carry out an analysis of the resources, of the possible risks and of what a project can achieve, in order to determine what can be done favorably. Another way to know if the execution of a project can be carried out is by making a plan during the development of its application.

Planning

In this phase, an optimal working environment is acquired in order to achieve the project objective. From there, it is necessary to work with the tools that help planning to be effective for the proper development of activities.

Also, certain responsibilities will be assigned and a communication plan will be made that allows the work fluency and all the information needed for the development of the project will be used efficient.

The execution

Within the execution, all the activities that lead to the action are carried out and for this it must have a team that puts into practice the tools required for the execution of work so that the results are favorable.

Control and monitoring

Continuous monitoring is essential in project management, which means that every project must apply different techniques of great value so that the evolution of the job.

Closing

To close, it must be taken into account, if the proposed objectives have been achieved and if the client's needs have been met. In addition, the experience acquired should be noted to know if it is possible to reuse the process of the executed project.

If the steps of the activities executed are carried out effectively and it is carried out within the time planned, later it could be of great help to be implemented again in a following draft.

Advantages of project management

This work technique generates a series of advantages such as the following:

• Customer satisfaction: When it is delivered on time and the demands of the clients are met, the results are totally satisfactory.
• Production increase: This technique reduces work processes considerably through efficient planning and using online design tools to make the project productive. Realizing a real plan reduces setbacks and enables good use of resources.
• Increase in product quality: For this to be successful, the products need to be of optimum quality.
• Increase in quantity and innovation: By keeping a good execution control and improving work development, companies will be able to invest more in resources and will have the opportunity to increase and innovate in their production.
• Fast and flexible service: When flexible plans are made on projects, companies easily adapt to market changes.
• New business expansion opportunities: This technique is related to the increase of knowledge of business commercial activity, since it classifies the project into parts so that each team executes them efficiently. This will give the business or company the opportunity to expand and make new products.

Importance of project management

This methodology is used in a large number of fields such as systems development, special projects, in telecommunications, in banks, in product launches, in the petrochemical industry, in national defense, among other areas.

Due to changes in technology, changes that consumers demand in products and the need to incorporate new products to the market, the increase of operational fluidity in companies is carried out, since many conventional administrative methods are not suitable.

For this reason, project management plays a very important role in the development of business projects, as it allows the creation of new alternatives for business control, organization and monitoring.