Project Management Fundamentals (PMP)

Why Project Managers are required ? In an ever changing Business world, with so many changes coming to the organizations in form of new Projects for updating the older systems, or creating new setups, it is imperative for the Organizations to have really good Project Managers who are capable of handling all the chaos. Project Management is a key to an organization's success for the very reason that every Project involves the cost element around , it needs resources , time , dollars and the expected returns attached to it. It at all any project fails because of the incompetency of the Manager, it is a setback not only to the concerned organization but also a setback to the image of the Project Manager.  In order to execute any project successfully, it is imperative that the responsible Project Manager is able to determine the exact schedule of his projects and the resources allocated to the project. If the methodology of the execution of project is not effective then can be a huge failure for the organization because costs would shoot up, the resources might be allocated to some other task and obviously time would be over-shot. Role of a Project Manager Now that we understand the criticality of a Project Manager, let us understand what exactly does a Project Manager do.   A Project Manager is responsible for collecting all the requirements for the project. These requirements are together clubbed to be called as scope of the project or if we rephrase this  statement, we can say " Scope is what a Project Manager is supposed to deliver at the end". But this deliverable has to be created within several constraints of Money, Time, Schedule and Resources which are obviously always scarce in terms of availability or are fixed. Also, the deliverable needs to meet the Quality standard as expected by the Stakeholder. Together, with all the constraints , it really