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Sound Management practices Necessary to Combat Overruns

The chief aim of project management is project success, with reference to time. cost and quality. Project management is an integrated multidisciplinary  function aimed   achieving project success through proper planning, organizing, execution and control. 

Total project management is the whole process of  creating a productive waistline or a fixed asset, capable of producing goods or generating services. This process encompass functional disciplines of business enlargement  with their nuances peculiar to the special features of formulating, planning and implementation a project, and is therefore. multidisciplinary in character. It is usually a task force consisting of inheritors from various functional department, viz. Planning, Design and Engineering. Operation and Maintenance, Finance, Procurement and Material Management, Construction, and Personnel General Administration. 

Components of Project Management 

The main components of project management are : 

  • A clearly defined project objective. 
  • An integrated project team. consisting of the representative of : The owner and/or executing authority, 
  • The consultant. 
  • The main contractors. 
  • Suppliers of cantonal equipment. 
  • Funding institution and all agencies which have a major role m the project 
  • The central and state government, where relevant. 
  • An integrated total project plan. broken down into tasks and activities, with daily targets. 
  • The necessary resources. 
  • An effective quick-hitting  control system. 
  • Commitment on the part of the people involved. 

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