Definition, Objectives, Examples, and Stages

Project management is one of the strategic aspects for businesses and companies in managing a large activity. How not, without going through the right project management stages, every need will be difficult to plan properly and structured.

Therefore, it is very important for companies to have a project management strategy and implement it optimally. So, what is an example of project management? For a more complete explanation, see the discussion in the article below!

What is Project Management?

In general, the notion of project management is a method or system of managing and organizing various activities of a business over a certain period of time. In its implementation, project management will go through a number of stages, such as initiation, planning, executionuntil closure.

The process is basically only done when a company or business wants to carry out a project or activity. The project management function is to make work strategies smarter so as to increase the efficiency of their implementation.

The project management function also helps workers to utilize minimal resources, but still provide maximum performance results, including regarding quality, time, and safety.

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of course requires a variety of knowledge, expertise, and skills that are qualified. The person in charge of project operations is known as the project manager (project manager). These figures are generally required to have knowledge of business, communication, and negotiation.

Project Management Stages

As explained above, project management is a method which in its implementation needs to go through a number of stages. In general, the stages of project management are as follows.

Stage 1: Initiation (beginning)

The first stage of project management is the initiation of project implementation. In this section, companies will usually discuss a number of aspects, ranging from objectives, risks, scope, budget, timeline, to selection project

manager. Then, the team needs to consider whether the project is feasible or not.

Stage 2: Planning (Planning)

After all aspects have been carefully considered, then the company needs to make a plan to ensure that the project can be carried out according to its objectives. This is one of the most important parts of the project management phase. The reason is, all the details of the implementation will be specified based on the client’s needs.

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includes budget, time, resources, quality, work safety, health, environment, and the risks. In fact, all administrative and technical matters are also designed in such a way that they can be implemented immediately.

Also read: Come on, Get to Know What is Lean Project Management!

Stage 3: Execution (Implementation)

The most crucial part of a project management is the implementation phase. Yes, after the project design is prepared and approved by the manager and relevant stakeholders, the company can execute the project in accordance with the agreement.

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from recruiting a development team, determining a leader, contacting vendors, entering into joint contract agreements suppliersor other external parties.

At this stage, the project manager plays a very important role in ensuring that all operational activities can be realized based on the budget guidelines and schedules that have been previously determined.

Stage 4: Monitoring & Control (Supervision)

Do monitoring and control over project work is also an important thing that should not be missed. Project manager must monitor every operational activity on a regular basis so that its implementation remains according to plan and avoids mistakes.

In addition, with supervision, the project manager can also minimize or even prevent the occurrence of risks that have an impact on the final results and success of the project.

Stage 5: Closure (settlement)

The final stage of project management is closure. That is, after the project objectives have been realized, the use of resources is stopped, then project manager will conclude contractual agreements with outside parties previously involved.

Not only that, at this stage, the company team also needs to archive various important documents and compile reports to be submitted to them stakeholders.

Project Management Goals

After knowing the meaning of project management and the stages above, you may be wondering what it is carried out for. bro, project

management Of course, this is done because the company wants to achieve certain goals that can have a positive impact.

When broken down, the objectives of project management are as follows.

Optimizing Team Potential

The first objective of project management is to maximize the quality and potential of human resources in the implementation process. All individuals are encouraged to be able to carry out their duties optimally so that the project can be realized as best as possible.

The reason is, quality human resources will greatly affect the final results and success of the company. So therefore, project management needs to be done so that the team can carry out its role to the best of its potential.

Overcoming Risk

Another purpose of implementing project management is to help manage risks that may occur. Yes, in practice, a project must always go through the process trial and errors. However, through implementing project managementthe risk will be easily handled.

Also read: Project Management vs Product Management, What’s the Difference?

Planning Properly

The next goal of project management is to develop a plan project appropriately. The design details all operations from the first stage to completion which optimizes the quality and capability of the resources.

So, clients don’t need to worry because all plans are certainly made according to their needs and desires.

Maintaining Quality & Integration

In addition to making proper planning, project management also aims to maintain quality as well as integration in its implementation. That is, it will encourage project in order to continue to achieve goals, whether it’s from systems, operations, or even team performance. Thus, resource efficiency also increases.

Manage Budget

Another objective of project management is to manage the budget so that the allocation of funds can be done transparently and to a minimum. That way, the project can still be realized well even though it only uses minimal costs.

Not only manage the budget well, project management also promises punctuality in realizing a job. This certainly cannot be separated from the entire implementation process which is carried out in a structured manner.

Project Management Example

There are a number of examples of project management by area, including:

Construction Management Project

One example of project management in the construction sector is the construction of infrastructure for public facilities, such as bridges, dams, toll roads, buildings, and the like.

Research and Development Project

Research and development projects are usually aimed at producing a specific product or service. Not only that, this project is also useful for improving quality, optimizing development, to other things related to services or production systems.

Capital Intensive Project

Another example of project management is development project capital intensive, usually in the form of large-scale activities. For example, construction of facilities, procurement of goods, expansion of land, and so on.

Manufacturing Industry Project

The last example of project management is in manufacturing. Usually, project This is run to support the production operations of a business. The goal is to make a profit or provide the best service, for example the textile, furniture and other raw materials industry.

That’s a review regarding what project management is complete with its goals, stages, examples. From the explanation above, it can be concluded that project management is a business management method that can have a positive impact on the company. Hope it is useful!