Claudia Eggers November 9, 2020 Project Management
Regardless of terminology a company uses, the purpose of the WBS is to organize the project into various deliverables or summary reporting levels. Some of the traditional stage (or phase) levels in IS projects include project definition, analysis, design, development, testing, implementing, and project review. Whether a project has standard levels or not, the main purpose of these higher levels is to group the detail tasks, allowing project administrators to more easily track the project`s progress.
Online tools for projects allow business groups or teams to collaborate, coordinate and track the progress of their projects using a centralized system. Unlike traditional tools, web-based management tools are automated so as to ensure a more productive and efficient management of a project. Managers who want to be sure their project management process is more effective and efficient opt for a system for managing their project. Usually, the size of the project and the budget will often determine the project management tool used by the managers.
Project Managers are all too familiar with the project triangle. We know we can shorten a schedule by either (a) reducing the scope of the project, or (b) adding more resources to it. Unfortunately, management either has not seen that triangle or, more likely than not, simply chooses to ignore it. Consequently, Project Manglers who are more interested in pleasing upper management than keeping honest have come up with their own universal algorithm for shortening project schedules. Take the number of days that need to be cut from the schedule, divide it by the number of major milestones, and then deduct that number from the duration of each milestone. In other words, if a project comprising of 4 major milestones is estimated to last 6 months, but you need to reduce it by one month, you`d take 20 days, and divide it by 4. Take the answer (5), and deduct it from the duration of each milestone. And voila! Works every time.
Managers plan, execute and monitor all components of a project. They usually need tools to assist them in completing and delivering the project efficiently. Companies rely on key tools in the project management process to ensure that each task is handled satisfactorily. Project management tools are a necessity in any organization. They help keep track of all the aspects of a project to ensure it is completed on time and within allocated budget. With proper management of a project, a desired outcome is produced in a timely and cost-effective manner. And a good project management tool, whether it is a desktop or web-based solution, helps to accomplish this objective. It will define the project`s tasks, costs, scope, schedules and team members.