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:
1. 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.
2. 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.
3. Ensuring that project caters to client’s needs and objectives
Apart from the project’s objectives, client’s vision, expectations and needs hold significance. A project manager must ensure that importance is given to the client’s 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.
4. 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.
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 the seamless execution of the project.
5. Achievement of the project’s 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.
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.