Project management allow companies to become competitive in their environments, optimising time and effort and keeping project on track. They are used for planning, managing time, resources and people, controlling costs and monitoring project progress.

Developed by the Project Management Institute (PMI), the five phases of project management include conception &initiation, planning, execution, performance/monitoring, and project close.

A project is a temporary effort, which has a defined: Scope - size, goals, requirements Resources - staff, equipment, material Time - start and end, task durations, dependencies, etc Money - costs, contingencies and profit Project management oversees the planning, organising and implementing of a project.

Project management is the way a person organizes and manages resources that are necessary to complete a project. ... A project is a piece of work which is not a process or an operation. It has a start, an end, and goals.

The main advantage of hiring a project management firm is that it helps you to manage your projects effectively, enabling you to resolve problems more quickly. It takes time and money to manage a project, however following are few ways a project management firm can help you: 1. improve your chances of achieving the desired result 2. gain a fresh perspective on your project, and how it fits with your business strategy 3. prioritise your business’ resources and ensure their efficient use 4. set the scope, schedule and budget accurately from the start 5. stay on schedule and keep costs and resources to budget 6. improve productivity and quality of work 7. encourage consistent communications amongst staff, suppliers and clients 8. satisfy the various needs of the project’s stakeholders 9. mitigate risks of a project failing 10. increase customer satisfaction 11. gain a competitive advantage and boost your bottom line From lost time to inconsistency, not having a project management firm to manage your projects can result in lost time, wasted money and poor performance.

Project management is the process of defining, planning, organizing, leading, and controlling the development of an information system. Its main objective is to deliver an information system that is acceptable to users and is developed on time and within budget.