Tactical Project Management

The is a very important thing in project that we all need to understand that its a cost to the organization, most often projects are not taken serious even from some professional project experts, the reason is why should more project be abandon when is being handle by a professional, just because the planning from the beginning of the project was very poor. A cross the globe more projects that run into millions of dollars have being abandon. This is the reason why this course is very important for every individual a companies. The basic thing is to ensure the success of any project is to first understand the initially the extent of the project you are undertaking, because change of design and structures most of the times add extra cost to the company that they didn't forecast in the beginning of the project, that is why effective management of any project is very important for the success of the project itself.The project manager must understand the total cost involved in the project either fixed cost, direct cost, variable cost etc in taking decision about the project and its completion, the most important thing is every project must have a very good project plan, this should help the project management team to adopt a strategy to achieved the plan objective. Effective procurement is very important in maintaining the project cost, quality control is very key in ensuring the project have value for money. Man-hours are a crucial eement in submitting a winning project bid as well as charging for work completed. Because labor constitutes such a large portion of any contract work, estimating and reporting hours accurately is crucial to having a successful business. Project management failures often stem from inadequate planning, undefined scope, poor communication, and insufficient senior management support. Key factors include setting unrealistic timelines and budgets, understanding risks, lack of stakeholder engagement, and using unsuitable methodology.