Project Execution and Management Features and Functions
Two major functions involved in a project are project planning and project management. After planning and defining the work, managing the different components is the next task. Time managment, issue management, risk management, resource management, etc. fall under this category.
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Workplan, Tasks, and WBS Management
WBS = work breakdown structure
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Time Management
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Issue Management
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Scope Management
Scope describes the boundaries of a project by defining what it will and will not deliver. For larger projects, it can include the organizations and transactions affected, the data types included, etc.
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Change Management
Change management is one of the most critical elements of any project. In fact, a change is a project, and a project is a change. Change management, then, is de facto project management and vice versa .
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Communication Management
A communications plan is an information schedule that regularly informs all project stakeholders about the progress of the project.
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Collaboration
Collaboration enables all project stakeholders to share information and knowledge. Today, as project teams become more dispersed organizationally and geographically, effective collaboration and communication are key requirements for project success.
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Project Quality Management
Project quality management (PQM) helps supervisors monitor projects to ensure intended goals are met. Critical components of project quality, such as quality planning, quality control, quality assurance, and quality improvement, are examined.
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Document and Knowledge Management
A document management module provides a secure central repository for project and organizational documents. This provides teams with a platform for the storage, sharing, and publication of documents and electronic media. Document and knowledge management shares business and technology intelligence among subsequent business units or departments to reduce cost and overall risk. The knowledge management module allows for effective sharing of enterprise-wide best practices.
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Work and Process Flow
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Metrics Management
Metrics can provide a meaningful, real time snapshot of project progress. They are the indicators that make up the early warning system—a system that, ideally, provides its warning in time to take corrective action to put a project back on track before a crisis occurs.
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Project Management Features and Functions
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