Horti-Business Management (2+0)

Project Management Basics

• No matter what the type of project, project management typically follows the same pattern:
1. Definition
2. Planning
3. Execution
4. Control
5. Closure
1. Defining the Project

• In this stage the project manager defines what the project is and what the users hope to achieve by undertaking the project. This phase also includes a list of project deliverables, the outcome of a specific set of activities.
2. Planning the Project

• In this stage, the project manager lists all activities or tasks, how the tasks are related, the duration of each task, and how each task is tied to a specific deadline. This phase also allows the project manager to define relationships between tasks. Identification of human resources, costs and expenses involved are also part of this phase.
3. Executing the Project

• In this phase, the project manager knows how many resources and how much budget should be allotted for the project. The project manager then assigns those resources and allocates budget to various tasks in the project.
4. Controlling the Project

• The project manager is in charge of updating the project plans to reflect actual time elapsed for each task. By keeping up with the details of progress, the project manager is able to understand how well the project is progressing overall.