Quantim – A Best Project Management Software 2020
What is Project Management?
Project Management is the way to manage your running project in your industries or organization. It is knowledge, skills, tools, and techniques to project activities to meet the project requirements and deliver the project successfully.
Project management is a key to success in your business. Project management includes the technology, methodology, and resources that enable project completion. Project management brings a unique focus shaped by the goals, resources, and schedule of each project
When we take a new project on our hands, the first question is in our minds.
- How to manage projects?
- How to control my cost for the projects?
- How to handle my project team?
- How to track working history?
Here is the answer to your question. Project management software. So let’s talk about project management software.
Project management software has become wildly popular in recent years, and that means there are plenty of options to choose from.
What is Project Management Software?
Project Management Software is a tool that helps to manage your project with time tracking, estimation and planning, scheduling, cost control, budget management, resource allocation, collaboration software, decision-making, quality management, time management, and many more.
Project management software allows managers to manage current running projects or tasks, tracking the time history of employees, manage the budget of that project or task, and many more. Using Project Management Software you can deliver your project successfully.
Project Management Software is a platform that helps managers plan, monitor, and report on projects to go into a successful project. Also, it helps team members to manage their work and deliver projects successfully before hitting the deadline.
As per Wikipedia says,
PMS has the capacity to help plan, organize, and manage resource tools and develop resource estimates. Depending on the sophistication of the software, it can manage estimation and planning, scheduling, cost control and budget management, resource allocation, collaboration software, communication, decision-making, quality management, time management and documentation or administration systems.
Manage projects better and make them a success. Switch to QUANTIM!
The Project Management’s Life Cycle
Phase #1: Initiation
The starting phase of your project is an Initiation phase. After taking a project in your hand, you develop the idea and create a team to complete that project.
This stage of the project culminates in a project kickoff meeting, where you bring together the team, stakeholders, and relevant other parties to define the project goals, schedule, and processes like how to communicate and the chain of communication.
Phase #2: Planning
The second phase of the project manager’s life cycle is referred to as the Planning Phase.
Once management has given the OK to launch a project, a more formal set of plans’ outlining initial goals’ is established.
- Ask yourself the following questions during Planning:
- What is the project’s purpose, vision, or mission?
- Are there measurable objectives or success criteria?
- Do you have a high-level description of the project, requirements, and risks?
- Can you adequately schedule and budget high-level milestones?
This is where the bulk of the work happens. Now that you have a plan, you can execute that plan. Along the way, you’ll monitor and control the work to make sure that you stay on track in terms of budget, schedule, and quality performance.
You’ll also work to identify and mitigate risks, deal with problems, and incorporate any changes. The bulk of the work of a project manager happens in this phase.
Ask yourself the following questions during Execution:
- Are all resources being tracked?
- Is the project on budget and on time?
- Can resource planning be optimized?
- Are there major roadblocks that require change management?
Project work needs to be closed down carefully to make the most of what was achieved and to ensure that any lessons learned are passed onto teams who will benefit. In this phase you’ll get user acceptance for the work that was completed, finish off any final paperwork and reports and hand any deliverables over to a different team, such as the operations management team.
Ask yourself the following questions during Termination:
- Are the project’s completion criteria met?
- Is there a project closure report in progress?
- Have all project artifacts been collected and archived?
- Has a project post-mortem been planned?