Assignment Nos.

8 Project Management

Please answer the following questions and submit on the deadline

date.

1. What is project management?

 Project management is the process of planning and organizing
a company's resources in order to complete a specified work,
event, or obligation. Personnel, funds, technology, and
intellectual property are among the resources managed, and it
might be a one-time initiative or an ongoing effort.

2. Enumerate the roles and responsibilities of a project manager

 Plan and develop the project idea
 Create and lead your dream team
 Monitor project progress and set deadlines
 Solve issues that rise
 Manage the money
 Ensure stakeholder satisfaction
 Evaluate project performance

3. What are the five phases of project management? Explain

 Phase 1: Project Initiation
 Phase 2: Project Planning
 Phase 3: Project Execution
 Phase 4: Project Monitoring & Controlling
 Phase 5: Project Closing

4. How to handle a multi-project?

 Plan before starting anything
 Use every tool at your disposal
 Prioritize tasks
 Adjust your plan through regular reviews
 Know when to delegate
 Stay focused
 Communicate with team members
5. What is the importance of project management?
 Project management's relevance in businesses cannot be
emphasized. When done correctly, it improves the efficiency of
every aspect of the firm. It frees up your team to focus on the
job that matters, rather than being distracted by projects that
go off course or budgets that spiral out of control.

REFERENCES:
 Mansa, J. (2021). Project Management. Investopedia.
https://www.investopedia.com/terms/p/project-
management.asp
 https://www.purdue.edu/projectmanagementcertification/
news/project-manager-job-description-career-outlook/
 https://kissflow.com/project/five-phases-of-project-
management/
 https://kissflow.com/project/how-to-manage-multiple-
projects/
 https://www.teamwork.com/project-management-guide/why-
is-project-management-important/