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3. Better Productivity. Project management is important because it ensures there’s a proper plan that outlines a clear focus and objectives to allow the team to execute on strategic goals.
For example, the construction industry, which focuses on the delivery of things like buildings, roads, and bridges, has developed its own specialized form of project management that it refers to as construction project management and in which project managers can become trained and certified. [17]
Bannerman (2008) proposed the multilevel project success framework which comprises five L Levels of project success i.e. team, project management, deliverable, business and strategic. [13] The UNDP in 2012 proposed the results framework which has six stages of project success i.e. input, process, output, outcome and impact. [14]
Project stakeholders – are those entities within or without an organization which sponsor a project or, have an interest or a gain upon a successful completion of a project. Project team – is the management team leading the project, and provide services to the project.
US Navy Chief of Naval Operations (CNO) Adm. Gary Roughead (left) talks with project managers. A project manager is a professional in the field of project management.Project managers have the responsibility of the planning, procurement and execution of a project, in any undertaking that has a defined scope, defined start and a defined finish; regardless of industry.
Analyzing progress compared to the baseline schedule is known as earned value management. [5] The inputs of the project planning phase 2 include the project charter and the concept proposal. The outputs of the project planning phase include the project requirements, the project schedule, and the project management plan. [6]
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