Project management and its functions

Project management is the application of knowledge, skills, tools and techniques to project activities so that the objectives are met within time, cost and quality. A project manager leads the temporary team and coordinates all resources.

Functions of project management

1. Planning: setting objectives, scope, WBS, schedule, budget.
2. Organising: forming the team, assigning roles and authority, allocating resources.
3. Staffing: selecting and training people.
4. Directing / leading: motivating, guiding and communicating with the team.
5. Coordinating: linking the work of different groups and contractors.
6. Controlling: monitoring progress, comparing with plan, taking corrective action.
7. Risk and quality management.
8. Closing: handover and review.

Effect: good management gives smooth running through clear responsibility, early detection of delay and cost overrun, better use of resources, fewer conflicts and higher chance of finishing on time and within budget.