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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Project Process?
What is Project Process?    

What is Project Process?



 
 

Project Process is a series of interdependent and linked procedures which consume certain combinations of project resources (labor, time, funds, machines) to covert project inputs (data, material, parts) into desired outputs (product, service). It is composed of stages and steps which include tasks and activities that are performed to compete interim (stage) results. All tasks and activities of all stages and steps aim to accomplish a preset strategic goal or end result of project process.

 Planning, development, implementation, budgeting, control, measurement, communication are a few examples of project process. Some project may include specific processes which are not used in other projects. For example, a construction project includes such processes as site exportation and exterior design, which are not peculiar to a software development or marketing research project.

 Nevertheless, for any project there is a set of typical processes that create a foundation for managing this project. The processes are:

  • Approval: ensuring that a proposed project is worthwhile, cost-effective and feasible
  • Planning: developing a plan that explains a preferred course of action
  • Scheduling: creating a project timeline that includes milestones and durations for project events and activities
  • Communication: exchanging information between project stakeholders
  • Change control: ensuring that any change happened within a project is detected, considered and addressed
  • Risk management: responding to identified risks
  • Procurement: establishing and managing relationships with suppliers to ensure timely delivery of necessary goods and services.

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