What are some strategies to manage a project?


Quick Answer

Keeping a close eye on the budget, fully scoping the project before starting, and assembling a project team and assigning tasks according to strengths are some of the strategies to manage a project. Others include preparing a reverse time line and performing as many functions as possible simultaneously.

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Full Answer

A project manager should monitor how his team spends money and time because they are ever in limited supply. If and when overruns occur, the project manager should reassign resources to ensure the whole project is covered.

To successfully manage a project, the manager should fully scope the project before starting. He should state the objective of the project, identify the people whom the project will benefit and the elements required for the project to succeed. The manager should then set a realistic budget and a target date.

It is important to assemble a project team and assign tasks according to strengths. Almost all projects require a team effort. Therefore, the project manager should select the best people he can find for the job. He should then assign duties to every team member according to their areas of expertise and personal strengths. The manager should be aware of his team's weaknesses and be ready to compensate for them.

Preparing a reverse time line is a good way to manage a project. A time line that shows when every step the project should complete is a must. Starting at the end and working backwards is the best plan because it keeps the completion of the project at one point.

Some steps in every project must follow a sequence. However, it is possible to do many other jobs at the same time. Since time may be limited, the project manager should schedule as many activities as possible in tandem.

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