Project Management Approach Defined

Project Management Approach
Project management (PM) is known as a well planned approach for a process from start to end. It is concerned about the planning and guiding of the project since beginning to end. Any process has to be guide in typically 5 phases. They're initiation, planning, execution, controlling and closing. Project Management can be applied to almost all type of projects but especially it's practical in application development projects to handle the complicated process. It is an organized effort and it is scheduled carefully. To accomplish a specific project, Project Management is important.

Project Management is handled by project manager to implement the project successfully to its goal. For successful completion of any project you must have a proper Project Management. The primary objective of the Project Management is to attain its target successfully.

Numbers of approaches exist to manage the activities of the project. They are:

The common approach - This approach aims towards the completion of the project in sequence or in conventional way. For the finishing of the task there are 5 stages in this approach. They are:
* The stage of initiation
* The stage of design or planning
* The stage of production or execution
* Monitoring and governing systems
* The stage finishing touch

Extreme Project Management - To do job task, the critical chain project management give more importance to people and material resources. By this way of planning and managing projects all the limitations are exploited and rank is also given to it. In critical chain project management all of the projects are planned and managed only if the assets are ready.

Extreme Project Management - Complex kind of project is addressed in extreme Project Management. With this Project Management experts always try to identify the various models which is 'light weight' such as Agile Project Management.

Scrum approaches and extreme programming for the development of software are used this way. It is the combination of management of human interaction and process modeling.

Event chain approach - The complement to the critical path method and also the methodologies of critical chain project management is another method that's Event chain methodology. This Project Management handles the model of uncertainty. The focus of this management is towards identifying and managing the events or the chain of events which will affect the schedule of the job. Event chain method focuses the following principles:
* Event chains
* Tracking with events
* Probabilistic moment of risk
* Tracking with events
* Event chain visualization