Answer:

Core Objectives -

Define Project - A project is different from various activities like task, process etc. It simply refers to the finite activity that helps an organization in acquiring measurable result under the present condition, it serves as an opportunity for an organisation or individual to achieve certain pre-determined objectives. The project activity is assigned to a particular individual who is known as the project manager. A projectesult is thus divided into number of small task which together result in the achievement of the company oraganisation.

Define project management - The project activities when managed by an individual based on its knowledge an experience known as project manager is said to be project management , as the project manager is solely responsible for the management of the assigned project in order to achieve the company target for which is paid a particular amount or salary.

The following are some of the common characteristic of a project-

1- A project is temporary in nature.

2- A project have a unique sets of requirement.

3- A project is managed by a person known as project manager.

4- A project is meant to achieve certain objectives.

Reasons why the organization is using project management-

1. To achieve organizational objectives- An organization uses project management in order to achieve the business and non business organizational objectives in an effective and efficient way.
2. As a project is divided into several number of small task so in order to meet those uniques sets of requirement which a project must comprised of the company or an organization uses project management.
3. In order to provide leadership to a project activities and the member it includes an organisation uses project management as a tool to provide effective leadership in order to carry out the project in a specified manner.
4. A project management helps the organization with the quality control procedure in order to maintain a certain level of quality in the company product and activities it carries out an organization uses project management.

A project life cycle may comprised of the following stages with the following major activities and deliverables-

Stage 1- The Initial stage - In this stage the project is well defined and a project charter is prepared by the project manager. it includes the following activities-

• Purpose, mission and vision of the project
• Success and measurable objectives of the project.
• Project description risks and it condition.
• Name of the project sponsor.
• Stakeholders.

Stage 2- The planning stage - In this stage detailed strategies are planned out in order to initiate a project and in order to define its performance and how to make it successful. It includes the following activities

• Strategic planning
• Implementation planning.

Stage 3- The Execution stage - At this stage the project manager is responsible supervising the project and thus prevent the error from occuring. It is also refered as controlling and monitoring. After providing customer satisfaction the project manager moves to the next stage.

Stage 4- Termination Stage - It refers to the official closure of the poroject.as it is the last stage included in the project life cycle.

The following are the ten knowlege areas of the project management body of knowledge PMBOK

1. Project Integration- it refers to integrating all the activities of the project with one another in order to accomplish the define sets of activities in a particular manner
2. Project Scope Management- It defines the scope of the project and manage the activities related with the scope of the project.
3. Project Time Management-It help in the timely management of the project activities by alloting a specified time period for each particular activities.
4. Project Cost Management- It manages the cost of each activity, reasources involved in the project management.
5. Project Quality Management- It maintain the quality of the project related activities in order to achieve the efficient quality result.
6. Project Human resources Management- It manages the human resources involved in the activities of a project by effectively leading them in an appropriate manner.
7. Project Communication Management- it helps to establish an effective communication structure among the members of the project team
8. Project Risk Management- It helps in the risk assessment and its management by prescribing the effective measures for the defined risk in order to eliminate the risk factor involved at each stage.
9. Project Procurement Management- It relates with the procurement activities involved during the execution of the project
10. Project Stakeholder Management- It manages and handle the stakeholder involved in the project management

The following are the five process groups of the PMBOK

• Initiating- Processes requires to launch or initiate a new project
• Planning- Processes relates to defining and planning the project extend.
• Executing- Processes relates with the completion of project activities an task.
• Monitoring & Controlling- Processes covers everthing that includes tracking, monitoring , controlling etc.
• Closing- Processes requires to finalize and complete the project.

Success is measured based on our expectation related with the project anything above the expectation is regarded as success and below the expectation is measured as failure.

The following are the ways to measures the project success or failure-

1. Schedule - Project success or failure is determined by whether or not the original timeline is kept. The project schedule needs to be updated regularly atleast once a week
2. Quality - The quality of the activities of the project helps in defining the extent of the success or failure of the project.The better the quality the greater the success and vice-versa
3. Cost - The more effective the cost of the project the more success it will acquire and if the cost is more it will leads to its failure.
4. Stakeholders satisfaction - If the stakeholder are satisfied to its full extent it will generally leads to the project success and the opposite will leads for its failure.

Plan driven project approach focus on minimizing the uncertainity and maximizing control as they uses structure to control project risk.while on the other hand the change driven project approach target rapid delivery of business value it includes agile development methods and process improvement project is being carried out in business with the help of this approach.It also uses flexibilty to control business risk.

Behavioral Objectives -

The Project members are the individual who actively work on various task related with the different stage of the project and so some of the following are the project roles and the key responsibilities of the project team members

Responsibilities of the team membrer-

• Contribution towards the project objectives.
• Contributing their expertise knowledge and experience.
• Documenting the process.
• Completing individual deliverables.
• working with user in order to meet various business requirement.

The following are the importance of collabopration during the project life cycle

1. Increases Productivity- it helps in increasing the productivity of the activities involved in the project and its management thus increasing the overall productivity of the company and resulting in better achievment of objectives
2. Saves time and effort- With the efforts of collaborative activities the project manager can saves lots of time and effort involved in each particular task in order in more the efficiency of each particular task with less time consumption efforts.
3. Captured knowledge- The collaboration helps with acquiring and captivating the knowledge by sharing the knowledge and experience with one another and thus using the same in the implementation of its activities
4. Innovation- It also leads to innovation with the collaborative effort as it leads to creation of new ideas and though in order to carry out each particular task in a different and unique way.