What Is Project Management Office And Its Functions Etc?

Project Management is an important business function of every organization. It can include launching a product or service or can include any project for example, automation of the traditional processes in an organization. Great deal of project management relies on Operations Management. A project is assigned a finite number of days in which project should be completed by the Project Manager. Project manager can also be outsourced depending upon the need of the organization. In fact, some organizations give contracts to the serving firms which take responsibility for the whole project management. Project management has a life cycle which include project initiation (defining the scope of the project), project planning (i.e. Forecasting schedules, developing project plan, allocating resources), Project implementation, monitoring and termination.