781-Project Management.docx - The project management...

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The project management process has been considered as a complex process and each phase of the project management process has its own tasks and activities. The first and the foremost phase is the initiation phase in which the project manager examines the future benefits of the project for the organization. The second phase is the planning stage which is considered to be very critical and important for the successful completion of the project. The third phase is the execution stage in which the project manager distributes the tasks of the project among the team members. The fourth phase is the control stage in which the project manager controls the progress or schedule of the project and adjusts them accordingly. The fifth phase is the closing phase in which the project manager presents the complete project to the client and close it if the final output of the project is approved by the client. Every organisation has a project to implement and for that it is necessary that planning and design stages of the project are carried out in an effective manner as they are crucial to the success of a project. Project management approaches assists in the planning and design stages of the project so that desired results in specified costs and specified time can be achieved. Not using such techniques can result in huge losses in organisational profits, bad reputation in the community and the delivery of new products to market can be delayed. In light of all the above mentioned facts, the aim of this study is to
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