Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time. Our Project management standards, best practices, and useful tools for retail and are certainly a very specific sector of the business world, almost anything can seem like a project when it comes to execution.
Identify concrete project goals
Break projects down into phases
Initiation
Planning
Execution
Performance/Monitoring
Performance/Monitoring
Closure
Take advantage modern technology and Cloud
Approaches of Project Management
At Magnic Digital, we have number of approaches to organizing and completing project activities, including phased, lean, iterative, and incremental. There are also several extensions to project planning, for example based on outcomes (product-based) or activities (process-based).
The success of any project depends on how well four key aspects are aligned with the contextual dynamics affecting the project; these are referred to as the four P's:
Plan: The planning and forecasting activities.
Process: The overall approach to all activities and project governance.
People: Including dynamics of how they collaborate and communicate.
Power: Lines of authority, decision-makers, organograms, policies for implementation and the like.
