Yuriy GrinchukYour project has been chosen and you have been selected as the Project Manager. Your task now is to successfully tackle the project until its completion. For your project to be effective, you need to understand what exactly constitutes a project and what criteria are used to understand whether a project is fruitful or not. I'll tell you why you should use project management. Today's highly concentrated business environment helps companies produce great products at lower costs and in a shorter time frame. In this sense, companies are increasingly using project management because it allows them to organize and compose resources to achieve a predefined internal result. of a given period of time. Likewise, project administration methods help you manage and predict risks in an organized manner. Studies of companies using project administration have shown that project administration takes into account better use of resources, shorter progress times, lower expenses, cross-departmental participation that brings together collaborations in the association, and greater attention to results and quality. To begin with, project management processes are initiating, planning, executing, monitoring, controlling and closing. Now you should use the Project Charter or company contract, to set the wheels in motion. The Project Charter should assign you the role of Project Manager with the power to use resources to bring the project to conclusion, provide a brief representation of the outcome or directions that will be created by the project and allude to the commercial contract as a premise for starting the project. A project should have a start and end date, resources and an outcome. This is necessary for a successful… half of the document and for signing off on the project deliverables. During the closing process, formally acknowledge deliverables and close the project or its phases. Likewise you will verify the project and its results with your group and different project partners. Towards the end of the project, you will create a formal record of the project's conclusion and a project evaluation report. After the project comes to fruition, celebrate a little. You recently took on a huge undertaking in the world of project management and came out on top. Thank all participants for their work and, if necessary, convey their evaluations of the work. Evaluate the undertaking, compose a report, and be sure to include a lessons learned section to help with future projects. Congratulations! Works Cited Kloppenborg, Timothy J. Contemporary Project Management. 3rd ed. Press.