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The planning phase brings together the various projects, resources, and milestones. Program changes and improvement go through a greater level of scrutiny compared to project management. Whereas a project might get approval for a change from its sponsor or director, a program level change would likely need executive approval.
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.
In general, the IMP is a top-down planning tool and the IMS as the bottom-up execution tool. The IMS is a scheduling tool for management control of program progression, not for cost collection purposes. [10] An IMS would seek general consistency and a standardized approach to project planning, scheduling and analysis.
Key project management responsibilities include creating clear and attainable project objectives, building the project requirements, and managing the triple constraint (now including more constraints and calling it competing constraints) for projects, which is cost, time, quality and scope for the first three but about three additional ones in ...
The project management triangle. The project management triangle (called also the triple constraint, iron triangle and project triangle) is a model of the constraints of project management. While its origins are unclear, it has been used since at least the 1950s. [1] It contends that:
From an individual's perspective, management does not need to be seen solely from an enterprise point of view, because management is an essential [quantify] function in improving one's life and relationships. [16] Management is therefore everywhere [17] and it has a wider range of application.