HASSAN HUSSAIN

QUESTION NO. 01
Define the project. what is project management?

ANSWER
PROJECT:
Project is a great opportunity for organizations and individuals to achieve their
business and non-business objectives more efficiently through implementing
change. Projects help us make desired changes in an organized manner and with
reduced probability of failure.

PROJECT MANAGEMENT:
Project management is about knowing exactly what your goals are, how you’re
going to achieve them, what resources you’ll need, and how long it will take you to
reach that specific goal. In fact, project management’s goal is to make sure that
everyone involved in a project knows these and is aware of the purpose of the
project.
The discipline itself is an organized manner of managing a project from its
beginning to a defined ending. All projects need a structure. Hence, the complexity
and length of the project are equivalent to a more advanced and detailed project
plan.
Almost every project goes through these five steps during its life cycle:
1- Discover what the client needs to determine the project’s goals.

2- Elaborate a plan that will tell you what needs to be done, by whom, how
much it will cost, and when the project should be delivered.

3- Start working.
 4- Check if work goes according to the initial plan, identify problems, and
make adjustments.

5- Deliver the project and close all contracts once you get the client’s approval.

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QUESTION NO. 02
What is nature and purpose of project management?

ANSWER

NATURE OF PROJECT MANAGEMENT:

Project Management, in a simple term, it means managing a project from end to
end. They are namely Initialization, planning and development, project execution,
project, monitoring and lastly project closing. Project management is the
application of relevant logic and tools to planning, directing, and controlling a
temporary endeavor. While some organizations specialize in projects, others may
require project management skills only occasionally to effect a change, either
physical or sociological in nature, from the norm.
PURPOSE OF PROJECT MANAGEMENT:
The purpose of project management is to foresee or predict as many dangers and
problems as possible; and to plan, organize and control activities so that
the project is completed as successfully as possible in spite of all the risks. Project
management helps organizations approach projects in measurable and distinct
stages the better to meet deadlines, expectations, and budget and with the least risk
and number of issues. Project management is a set of knowledge, practices,
techniques, and tools aimed at delivering project goals in a timely and predictable
manner, making you better prepared if ever problems crop up.
PAKISTAN