Project management consists of project planning and project monitoring and control

1.1.1 Project Planning

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This consists of:

Initiating a project

• Planning each activity in a project situation
• Estimating the related effort, resource requirements and time
• Evaluating various management issues - project risks, methodology, tools, staffing, logistics etc.
• Defining the project schedule, and setting of targets
• Configuration management planning and quality control planning for the project

Project Plan is prepared and baselined in the early stages of the project (project initiation phase, and includes the configuration management plan and the quality control plan for the project and the organization of resources to start work on the project). Initiating a project also takes care of the various start-up activities in a project that are undertaken before the project team members actually start working on project deliverables. Some examples are: setting up the project organization, setting up the work environment, training of the team members, setting norms for client interfacing, etc.

1.2.1 Project Monitoring and Control

The task of managing the day-to-day project work and controlling the project progress so as to drive it to meet the project objectives is the essence of Project Monitoring.

This consists of:

• Monitoring of work progress
• Quality management
• Issue resolution
• Risk Management and
• Furnishing project progress, cost and critical information to the management