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Formal Structure
Projects need to have a formalized structure that includes processes, procedures, and tools. If you’ve ever tried to complete a project without a formalized structure, then you know how hard it can be to control it and provide the attention it deserves. A project should have a project charter, project plan, and a designated project team to prioritize and manage the project successfully . -
Goals and outcomes
Without precise requirements and approval criteria, it will be difficult to measure a project’s success. You may think that your final product does everything requested by the customer, only to have the them complain that you left out critical components. The most common factor behind failed projects is a lack of clear objectives and goals. Project requirements and approval criteria should be determined and documented at the beginning of the project. -
Risk management
Since projects cannot be executed in bubbles to protect them, they all face some risks and hazards. Risk can affect your resources, technology, or processes. It’s important to manage risks to minimize or eliminate its impact on the project as a whole. This involves identifying, evaluating, and monitoring risks and deciding upon action plans to implement if they occur. This will help when the risks come as they will be easily overcome. -
Communication
Communication is one of if not the biggest part in project management, If there is poor communication then the project will eventually fall through. A project’s success requires communication of project activities, risks, issues, and status, both within the project team and with other stakeholders. Communication is essential for a variety of reasons, these could include: Decision-making and problem-solving, Escalating risks and issues and Keeping stakeholders engaged. -
Project Management
Project Management is coordinating resources and solving problems to complete a set task of objectives and to overall deliver benefits in a set time period. Project Management has many principles that are the fundamental rules that should be followed for the successful management of projects. These can include, formal structure, clear goals and objectives, documented roles and many more.