| Channel | Publish Date | Thumbnail & View Count | Actions |
|---|---|---|---|
 PROJECT MANAGEMENT SOCIETY | 2022-04-20 16:26:14 |  1,571 Views |
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A project management framework defines the processes related to development, tasks, and tools utilized to initiate and accomplish a project.
It encloses the necessary parts for planning, handling, and executing projects.
A project framework is a collection of processes, templates, tools, and activities that are utilized to plan, control, and start and end a project.
It highlights the path you should adopt to keep your project right on track, assist your team members to cooperate better, and enhance the probability of project success.
I just forgot to tell you something very special.
There are three parts of a project management framework:
1: PROJECT LIFE CYCLE!
The life cycle includes all the phases the project undergoes through its entire life:
Initiation: That is the moment where you describe the cause of the project.
You can highlight the objectives and goals in a project charter and figure out any potential issues and risks.
Planning: This phase includes the list of all the tasks and events of the project in a comprehensive roadmap.
Estimate the time duration for every step, establish deadlines and also keep a record of employees responsible for their respective jobs.
Execution: This step deals with the execution of your plan.
Team members align their schedules and initiate their assigned tasks to produce desired deliverable.
Monitoring and Controlling: It is the responsibility of project managers to monitor the progress of the project by tracking each task continuously, creating reports, and rearranging priorities if needed.
Closure: This is the final phase that includes the outcomes when the entire project is accomplished.
A project manager will then evaluate the results and precede the closing protocols.
2: PROJECT CONTROL CYCLE!
The control cycle is the way of managing, monitoring, and tracking the project.
3: TEMPLATES AND TOOLS!
Project plans, risk logs, project management reports are among the common templates and tools for planning and managing the projects.
Benefits Of Using Project Management Framework:
A framework for managing projects can be a very helpful tool for project managers and employees as it allows them to learn and use best practices for executing a project.
When the framework is available, the team handling the project becomes more cautious about the upcoming challenges in a project.
There are some advantages of project management frameworks are:
Consistency: When a project management framework is available, processes become more consistent stabilizing the atmosphere of the organization.
Clarity: A framework provides a clear picture of the situation that lays out all the activities of the project along with the tools required to accomplish them.
It means that the team will not be confused at any stage while executing the project.
Simplification: As bigger projects are divided into smaller tasks, it becomes quite easier to handle them for project managers and the entire team easily handles the workload.
Optimization: A project management framework can assist managers to figure out the amount of time and cost invested in each task within the project.
This helps them to optimize and allocate resources for future projects.
Communication: Having regular meetings arranged as organized by the management framework, project managers can communicate very efficiently with other members and enhance the flow of information.
Project Framework Output:
It is important to remember whenever we use a project framework it gives us outputs,
but in the case of conventional project management methodology, the major output that you obtain is in the form of WBS.
WBS is a project management tool that breakdown the whole project plan into small pieces of tasks.
Product Backlog:
Here is another important output from Scrum that provides detailing on requirements, user stories, user opinion that helps us to complete a product needs.
When we mix product backlog and project road map, it provides guidelines for the long run.
It is necessary to meet stakeholders with a team to set the priority that is based on user stories and opinions.
After that put them on a separate sprint backlog.
There are 3 Types of Project Management Frameworks:
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