Answered You can hire a professional tutor to get the answer.
Hello, I am looking for someone to write an article on Project Management, Project Network Diagram. It needs to be at least 2250 words.
Hello, I am looking for someone to write an article on Project Management, Project Network Diagram. It needs to be at least 2250 words. From conceiving to executing, the project management team uses different tools and techniques to design every step of the project plan. Some of the tools are also used for evaluating the progress of the project plan. The results revealed by it are used to make the required amendments so as to retain the efficiency of the project in terms of time, cost and quality. Some of the commonly used tools in project management are SMART, WBS, Project network diagram, PERT, Cash flow and Decision tree. This project will discuss these tools in details with an appropriate real-life situation. This will result in a comprehensive understanding of these tools in the process of planning as well as risk measurement.
Before starting the project, the project management team should have a clear understanding of the needs and demands of the customers. As per the customer’s requirements, the project management team develops a set of objects for the project. Formation of project objectives can be considered as the first step towards project management and the success of the project is dependent on the clarity of the objectives. Thereafter, the project management team develops the plan design in alignment with the project objective. To develop the same, the concept of “SMART objective” is often used in many projects. SMART represents the following criteria of an effective objective. These are as follows:
Specific: The objective should be specific and should clearly define the goals and objectives of the project. This will provide unambiguous information to all involved and help to nurture a common understanding.
Measurable: The project objective should be measured in numeric or binary form (like yes/no, true/false, etc). These measurements help the project management team to quantify the time (in hours), cost (in currency) and volume (work/hour) allotted for accomplishing the project objectives.
