importance of planning in project management

The term project may be used to define any endeavor that is temporary in nature and with a beginning or an end. Typically, there are time constraints involved. The importance of project management is that it looks at the larger picture and makes a proper plan that is realistic. The deliverable for your planning phase is a document called the project plan. You need to identify stakeholders and define project objectives that set the boundaries for project success. Project management is the organization, planning and control of projects. The first stage of project management is planning and outlining your fundamentals: the issues you need to solve, the people who need to be involved, the actual work you’ll do. Generally planning is performed only when the initiation stage had been performed by the project manager, i.e., developing project charter in project integration management and identifying stakeholders in communication management knowledge area. The main advantage of creating a resource plan is following the deadlines of the project and client deliverables. SME (Subject Matter Expert): Project Management is important here as it ensures that everyone is doing their respective work properly. It will also include the statement of the parameters; time, budget, scope, range, authority and territory of the project. “Operations keeps the lights on, strategy provides a light at the end of the tunnel, but project management is the train engine that moves the … Sounds quite overwhelming, I really understand it. Overview of Project Planning After the project has been defined and the project team has been appointed, you are ready to enter the second phase in the project management life cycle: the detailed project planning phase. The Importance of Project Management in the Planning Process of Transport Infrastructure ... financing of the projects has to be secured and the employees have to be equipped with the methods and techniques of project management. Project Management is important here as, without an orderly and easily understandable process, the organization risks project failure. Communication must circulate through the project management team and external stakeholders to maintain the health and the viability of the project. Before planning, both the processes are required as you will be planning based on the high-level information from project charter and most … The types of information you will communicate typically include project status, project scope statements and updates, project baseline information, risks, action items, performance measures, project acceptance, and so on. Project planning is at the heart of the project life cycle, and tells everyone involved where you’re going and how you’re going to get there. Project Documentation. PRINCE2, Project management, Project planning, Requirements, Stakeholder management, Task management Why is it important to plan a project and why are project plans not taken seriously enough? A project is a temporary endeavor, designed to produce a unique result. It requires a deep level of understanding of project planning, scheduling, reporting, tracking, and importance of project management. 1. Planning is one of the elements of management, next to organizing, motivating and control. Project Management is too big an area to be covered in a few pages and the attempt is to provide concise and lucid definitions of the various terms and terminologies associated with a project. The primary function of project management is to avoid confusion by outlining a clear plan and a process from the beginning to the end. 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