Nitin Mittal Senior Manager, Assurance and Risk Advisory at Perfect Accounting .and shared services Pvt. Ltd. Read more…
Project Management Tool is an important function of any enterprise which deals with the planning and execution of projects that aim at a specific objective. With numerous reasons making it difficult to achieve the desired results, it is important to have someone keeping managing all the affairs to not overextend the set boundaries of schedule and budget. However, in a case of software-based projects, it becomes doubly important to have an efficient management system. The reasons cited for this are that, the said ventures are intangible and largely dependent on the contribution of humans. There are always chances of exceeding or falling short of expectations.
The major components of the Software Project Management activities are related to the formulation of plans, a creation of the schedules to bring those plans into effect, determining the risks that are attached to a particular plan and then managing the different individuals who are responsible for bringing the objective into fruition. The major obstacles which lie in the path of a successful software development plan are that each one of the projects is unique and requires just as exclusive handling. Underestimating the resource requirement and formulation of an unrealistic plan for the project plan will doom the project even before it begins.
Organizing the different components and resources to determine the right financial and material requirements will help to get the accurate estimates. However, due to the transitory nature of the different technologies in the software development field, it is that much more important to prepare for the contingencies which could arise from that end or due to human resource issues. With the help of software Project Management it becomes easier to get the information regarding the various aspects of the project. It is a function associated with the planning of the strategies which will help to achieve the goals with the right combinations of resources.