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Project Management Approach and Philosophy
A philosophy is an outlook or a way of thinking about the field of application. A project management philosophy reflects the way an organisation performs its work methodically. It is valuable to develop a project management philosophy.
Let us first understand what constitutes a project
A project is a combination of organisational resources put together to develop a product or service which enhances the performance capability in the design and execution of organisational strategies. Let us now discuss some of the characteristic of a project.
Every organisation performs work. Work generally involves operations or projects. Operations and projects share the following characteristics:
Operations are ongoing and repetitive process, where as projects are unique and temporary processes.
The body of knowledge namely the PMBoK (Project management Book of Knowledge) defines a project as a temporary endeavour undertaken to create a unique product or service. It is temporary because every project has a definite start and end date. The term "unique" refers to the outcome of a project which is different in some particular way from similar products or services.
INFLIBNET (Information and Library Network) The University Grants Commission (UGC) in its attempt to establish networking has taken the initiative and decided to develop a ne
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