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Project management is a process whereby the resources that are utilized for achieving some target are planned, coordinated, actuate and taken care of. Here, project is defined as the effort and planning done to produce an outcome in order to achieve a desired objective that benefits the targeted group. In this process of achieving the preconceived goals, the constraints that are associated with project management must be considered. The constraints being-

*      Time factor

*      Fixed budget

*      The future scope

*      Quality

Numerous approaches are involved in administering the work related to projects in project management. They are-

*      Phased approach

*      Iterative approach

*      Lean approach

*      Incremental approach

A traditional approach that is associated with phased approach includes five elements in which one is related to control. They are-

*      Inception

*      Planning and modeling or formation

*      Implementation and preparation

*      Supervision and regulation

*      Achievement

Not all the approach is indulged in all the stages because; there are projects that fail to reach the last stage. On the other hand, several projects repeat the second, third and fourth steps a number of times. 

Another approach that exists is that of PRINCE2 approach that sums up the PROMPT mode and the MITP approach. The full form of MITP is Managing the Implementation of the Total Project.

Again, there is the existence of Critical Chain Project Management (CCPM). In this process of Critical Chain Project Management (CCPM), the implementation of the project is designed in such a way, to manage the risks involved in the project as well as the constrained resources that are available.

Agile project management is the management of numerous approaches that administer the interaction that occur among the people. This kind of approach of Agile project management is used in industries that work in website and marketing. According to the scholars, this approach of Agile project management is persistent and where the client actively participates. Another approach is the lean project management and extreme project management.

 

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