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Project Management is the process of setting an assignment where a specific needs to be attained. Now maybe the first thing that comes to mind is entrepreneurship. While it’s not technically wrong but to be more specific it’s about a particular management program you design to accomplish your tasks.
Now to further expound on the idea and essence of business is to look into the functions of the construction industry and stages it has to take to accomplish a project. The construction industry is the perfect example of examining how human and material resources are allocated.
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2. • Project Management is the process of setting an assignment
where a specific needs to be attained.
• Now maybe the first thing that comes into mind is
entrepreneurship.
3. Now there are 5 phases of project management
in a construction business
030201
ExecutionPlanningInitiation
6. Planning
It is the stage where you create a plan or evaluate all the necessary tasks,
time needed, costs, resources, estimate, fault management, and the steps
needed to accomplish the goal.
7. Execution
The stage where you implement everything, the proposals, documentations,
contracts, work distribution, communication process and making necessary
adjustments in the project.
8. Task monitoring
The stage where you implement everything, the proposals, documentations,
contracts, work distribution, communication process and making necessary
adjustments in the project.
