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Project Development Lecture Fhai

Project development and management encompasses structured processes for planning, executing, and controlling projects to achieve specific goals within a set timeframe and budget. Key components include project initiation, planning, execution, monitoring and controlling, and closure, along with various tools and methodologies like Agile and Waterfall. Effective management necessitates strong leadership, flexibility, and a clear understanding of objectives and stakeholder needs.

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8 views

Project Development Lecture Fhai

Project development and management encompasses structured processes for planning, executing, and controlling projects to achieve specific goals within a set timeframe and budget. Key components include project initiation, planning, execution, monitoring and controlling, and closure, along with various tools and methodologies like Agile and Waterfall. Effective management necessitates strong leadership, flexibility, and a clear understanding of objectives and stakeholder needs.

Uploaded by

kimraisaabdulhakim
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Project development and management involves a series of structured processes designed to plan,

execute, and control projects to meet specific goals within a defined timeframe and budget. Here are
some key components of project development and management: 1. **Project Initiation**

- **Define the Project**: Clearly articulate the project’s purpose, objectives, and scope.

- **Feasibility Study**: Assess whether the project is viable and worth undertaking.

- **Stakeholder Identification**: Identify all stakeholders and their interests in the project.

### 2. **Project Planning**

- **Define Scope**: Clearly outline what is included and excluded from the project.

- **Work Breakdown Structure (WBS)**: Break the project into smaller, manageable parts.

- **Schedule Planning**: Develop a timeline with milestones using Gantt charts or other scheduling
tools.

- **Resource Allocation**: Identify the required resources (human, financial, technological).

- **Risk Management**: Assess potential risks and develop mitigation strategies.

### 3. **Project Execution**

- **Team Development**: Assemble and organize the project team.

- **Task Assignment**: Assign individual responsibilities based on team members’ strengths.

- **Communication**: Maintain clear communication channels among team members and


stakeholders.

### 4. **Project Monitoring and Controlling**

- **Performance Metrics**: Track progress against the project plan using KPIs (Key Performance
Indicators).

- **Quality Control**: Ensure that the project deliverables meet the required standards.

- **Change Management**: Handle changes in project scope, timeline, and resources through a
formal change control process.
### 5. **Project Closure**

- **Final Deliverables**: Ensure all project deliverables are completed and accepted.

- **Documentation**: Compile all project documentation, including lessons learned and performance
reports.

- **Stakeholder Review**: Conduct a final meeting with stakeholders to gather feedback and assess
project outcomes.

- **Celebrate Success**: Acknowledge the team's efforts and celebrate successful project completion.

### Tools and Methodologies

- **Agile**: Emphasizes iterative development and collaboration.

- **Waterfall**: A linear approach with distinct phases.

- **Scrum**: A framework for managing complex projects with an emphasis on teamwork.

- **Project Management Software**: Tools like Trello, Asana, or Microsoft Project to assist with
planning and tracking.

Effective project management requires strong leadership, flexibility, problem-solving skills, and a clear
understanding of project objectives and stakeholder needs.

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