Objectives of Project Management – MIT School of Distance Education

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MIT School of Distance Education

• Objectives of Project Management

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• Project management refers to the process of
  planning, staffing, implementation, monitoring
  and controlling. It leads to the completion of
  the project within the given time and budget
  while following the quality standards. A project
  manager is responsible to ensure that the project
  is executed and completed successfully. There are
  certain objectives of project management that
  every manager must achieve.  These are as follows

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Successful development and implementation of
project activities

• A project manager must ensure that a project
  undergoes all the important phases of project
  management. These phases involve defining
  projects goals initiation, planning and design
  of the project execution of the planned
  activities monitoring activities checking as
  well as correcting project bottlenecks and
  controlling the activities. If the above phases
  are executed successfully with no interruption,
  then the project is a success.

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Optimal utilization of inputs

• For better efficiency, all the pre-defined
  objectives of a project should be achieved
  through optimal consumption of necessary inputs.
  Optimization can not only bring perfection in the
  work but it saves cost and time.  It advances the
  procedures such that sustainability can be
  maintained until project completion.

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Ensuring that project caters to clients needs
and objectives

• Apart from the projects objectives, clients
  vision, expectations and needs hold significance.
  A project manager must ensure that importance is
  given to the clients vision along with the
  accomplishment of project goals.
• If the expectations of the clients are fulfilled
  in an efficient way, it will not only lead to
  unbeaten collaboration, but it adds value to the
  client. In this way, the client may collaborate
  for his/her future projects.

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Effective communication, guidance and supervision

• Team efforts lead to either success or failure
  of a project. A project manager serves as the
  leader of the team. Thus, it is his duty to
  ensure proper supervision of the team. A project
  manager guides his team in the right direction
  and ensures the accomplishment of end goals.

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• Can we forget the word communication for
  successful project management? Definitely NOT! It
  is well-defined communication which ensures
  achievement of the designed goals. For a
  successful project, even little information
  matters and needs to be conveyed efficiently to
  every team member. Once the necessary information
  is articulated to the respective team members,
  constructive feedback is always expected by the
  project manager. In this way, communication
  ensures seamless execution of the project.

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Achievement of the projects goal within the
given constraints

• A project manager needs to be aware of the scope
  of the project, timelines, expected quality and
  expected budget of the project. Completing the
  required project within the given precincts adds
  to its performance and success. However, at
  times, there are certain constraints that limit
  the effectiveness of a project. So, it is the
  duty of a project manager to find solutions and
  ensure that the project is successful.

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• So, these were the objectives of project
  management. If you want to shape your career in
  the field, then you can pursue distance
  MBA-equivalent courses from MIT School Of
  Distance Education (MIT-SDE).  We train our
  future project managers effectively so that they
  can exhibit sound managerial skills. If you want
  to enhance your employability, the pursue
  management courses from MIT-SDE.

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• THANK YOU