Project Management Methodologies

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Project management methodologies should focus on three key areas: initiation of the project, delegation of tasks and closing of the project. Adapt project management methodologies to be efficient and meet the needs of the company and the client with help from a marketing and business management professor in this free video on project management.

Part of the Video Series: Business Management Tips
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Video Transcript

Hi, my name is Mark and we're going to look at project management methodologies. Project managements, even in the most efficient organizations, is usually a process in terms of the way things have always been done. So the process might not be that innovative. It might be just the way things have always been done, and there's never been a problem. So, a project manager might, if he or she is coming from another organization, have to adapt to the way things are done within that existing organization. Of course, efficiency is always encouraged, so new ideas are probably going to be recognized and adapted, but, be aware that systems in place have always been in place. And, unless they've proven to be ineffective will continue to run. Project management, there are three key areas in terms of methodologies that are focused on. The first one is the initiation of the project. The starting, running, managing, creation, if you like, of the project, itself. Followed by the controlling element of the project. So, is the delegation tasks...are the delegation tasks being run efficiently? Are the right people running the tasks on your behalf? Is the right quality and timing involved in it? Is the client happy with the way things are going? Is the company happy with the way things are going? Is the costing in line, is the budgeting in line? The tools being used? These are the things that need to be focused on in terms of the controlling. And then finally, we have the closing of the project. Again, looking at the budgeting, looking at the timing, looking at the quality of materials used or skill sets used. Delegation of the right people to the task, and of course, is the project, itself, running as per time schedule and budget? Is the client happy with what's happening. And of course, the phasing out of the task and deliverance to the company.


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