A Project Is Temporary Management Essay

A project is temporary; it has a definite set of operations which are designed to accomplish a particular goal. A project has a clear start and end time. Often people who don’t usually work together are included in a project – these people are sometimes from different geography and sometimes also from different organizations. Some examples of different projects are – construction of a bridge or a building, development of software for business, and expansion of sales of a particular product. All projects must be skillfully managed to deliver on-time results.

Project management is the use of skills, techniques and knowledge to carry out the project capably and effectively. Project management is a planned ability of organizations through which they link their project results to their business goals and thus are able to compete in the market. Project Management plans, organizes, motivates, and controls resources to achieve desired results.

Business Management is managing of a project for business. Project Management and Business Management are very similar.

There are three difficulties in Business project management which are explained through a project management triangle. This project management triangle is used by project managers to understand the difficulties that may come while executing and implementing a project. All projects whether small or big will have many difficulties (Horine,2012).

There are three kinds of project constraints that come in almost every project, but these constraints should never be a barrier in effective decision making.

Time, cost and quality are three interdependent constraints in Business Project Management. These three concepts are explained below in detail –

Time -

Time is a decisive factor in Business Project Management, as failure in meeting the project deadlines can create undesirable effects. Lack of proper resources is the main reason because of which organizations fail to meet the project deadlines. .

 Cost

Before starting with a project it is very important for the team to estimate the cost of the project. Preparing a budget beforehand will ensure that the project is completed below the estimated cost.

Quality – Quality is a very important factor in a project. Many project managers have a belief that high quality cannot come without high cost, which is not always true (Linders, 2013).

In this report the project plan for “KAS Construction Company” is explained, this company is one of the Oman's leading construction companies and was founded in the year 2000.

Below we have explained the project lifecycle of a project named “”. This is a project of “KAS Construction Company”

The Project Life Cycle uses Project Management as a process which coordinates various life cycle processes of a project. These life cycle processes are system development, funding acquisition and approval. All stages in the project life cycle are dependent on each other, and various stages overlap each other. The following are the activates that had taken place in the Project life cycle of KAS’s project - “” -

• Initiating

In the first phase, that was the Initiation phase of the project, the overall parameters of the project were defined, and the Project Character and Concept Statement were first developed and then approved from the management.