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6 best practices for effective project management - Project management course - MITSDE

Project Management is very essential part of every project. Project success or failure depends upon it. Check out here, six(6) best practices that will help you in your Project Management. You can Learn these skills of management by joining correspondence or Distance MBA course from MIT school of Distance Education(MITSDE).

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6 best practices for effective project management - Project management course - MITSDE

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  1. 6 Best Practices for Effective Project Management http://www.mitsde.com http://www.mitsde.com

  2. 6 Best Practices for Effective Project Management • Project management is the backbone of every project. It is the most important factor that lies behind the success and failure of the projects. The failures of the project mostly arise due to inept planning. • On the other hand, efficacious project management leads to the successful completion of the project; that is why enterprises look for skilled candidates. • It is important for organizations to get their project completed at a cheaper rate and at a faster speed. It is possible only through efficient project management. Management techniques involve using the right mix of planning, controlling and monitoring to ensure that the project is completed before the deadline within the budget and with good quality results. This can be ensured by adopting wise practices. http://www.mitsde.com

  3. 1. Effective planning by using project definition document • If the planning phase of the project is executed efficiently, then the cost of completing the project along with the duration can be reduced drastically. Hence, the quality of the result is also enhanced. The first step in planning phase should involve defining the project. The definition of the project is then approved by the clients and it then becomes the cornerstone of the project. Project definition includes: • Overview of the project: The motive of the project and its benefits • Goals • Scope of the project • Approach to the project • Risk assessment • Initial cost estimates, its deadline, and budget http://www.mitsde.com

  4. 2. Creation of a proper plan • It is an immediate procedure undertaken after defining the project. Under this, a plan is formed with proper steps for the management and the execution of the project. • The same plan can be used multiple times when a similar project is to be executed. • These plans are formed in such a way that it leads to the optimization of resources, capital, manpower and time. http://www.mitsde.com

  5. 3.Defining the procedures for project management • This includes planning all the resources that are required for the project management.   • It outlines the procedures how the staff will manage, monitor and control factors such as scope change, risk, quality, time-constraint and many more. • The project management team should manage the task meticulously and proactively. The stakeholders and the team must know exactly how the project processes will take place. http://www.mitsde.com

  6. 4.Identify the signs of warning The project may be in trouble due to various factors. It is the task of project managers to identify any signs of warning and then corrective measures should be taken to keep the project on track. • If a small inconsistency in the project occurs, it must be made accurate as soon as possible otherwise it may be disregarded • If you find out that the task you thought is complete was pending, then you should finish it in the earliest • If your deadline is near, you have to overwork so as to complete the project on time • If you notice declination of the employee’s morale then you should motivate them http://www.mitsde.com

  7. 5.Identification of the risk • Risks of different types are likely to occur during the life cycle of the project. Therefore, the team members should have enough intellectual level so as to determine the risk level and they should be ready to face it. http://www.mitsde.com

  8. 6.Assessing the risk in the project • Sometimes, small issues or risk can create huge problems. It is important for the team members to classify the risk in the project and start mending or correcting it in the earliest. http://www.mitsde.com

  9. Summary • Efficacious project management leads to the successful completion of the project; that is why enterprises look for skilled candidates. Project management course makes the candidate ready to take up this crucial position. MIT School of Distance Education offers PG Diploma Course in Project Managementwhich is a value-added course that will enhance your chances of getting a job and improving your skills. The course not just entails knowledge but it also teaches you wise practices to get the project management job done in the best way. http://www.mitsde.com

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