Project management is a process by which a project is, well, managed. That is, it covers everything from the project’s initiation to its deployment. Everything that relates to a project’s planning, scheduling, and task distribution are all covered by project management.

For a business to reach peak effectivity, it must have some sort of task management system. A project manager is responsible for overseeing a project to its fruition. Furthermore, using project management software can make things easier.

What is a Project Management Software?

Initially, project management software came about to aid in software development. It was created to aid developers in keeping track of where they were on the software development life cycle. Due to its success, many other industries have adopted the use of such software to aid in their own undertakings.

Typical project management software helps managers plan and monitor their project teams. It also allows team members to collaborate without the need for daily email updates.

Project management tools may range from simple spreadsheets to more sophisticated software.

Project Management Life Cycle

Generally, projects go through a series of phases:

Initiation
Team members, together with the client and other important parties meet. They discuss the goals and objectives of the project here. In this phase, the project manager defines main project goals and identifies relevant information.
Planning

After the identification of pertinent information, the project team can now move to the planning phase. This phase is for developing a strategy or framework that outlines the project’s major goals. It consists of two parts—strategic planning and implementation planning.

Strategic planning aims to identify different methods of handling the project. While implementation aims to identify ways to apply those methods.

Execution

In this phase, all decisions and strategies identified during planning are finally implemented. The project manager should tightly monitor this phase of the process to prevent any error from taking place.

Closure

This marks the end of the project.

PM Methodologies

Overall, there are two types of project management methodologies to choose from.

Waterfall Method

This is a more linear approach to delivering work. Here, all project requirements are gathered at the beginning. Then, a sequential plan is created to accommodate those requirements. Milestones measures progress, and each phase must be complete before moving on to the next. In this methodology, the client doesn’t play an important role in the development of the software.

Agile Method

Meanwhile, the client plays a bigger role in this method. Moreover, instead of milestones, “sprints” measure progress. While waterfall is a linear process, agile is iterative. Meaning, priorities and requirements are based on customer feedback.

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