In today's competitive business environment, companies are under pressure to improve profitability. Effective project management can help companies to select the right projects, execute them efficiently, and avoid cost overruns.

Effectively managing project stakeholders is essential for the success of any project. By understanding the needs and expectations of stakeholders, project managers can build relationships and create a collaborative environment that will help the project succeed.

The Earned Value Technique is a valuable tool for project managers. It can be used to track the project's progress, identify any potential problems early on, and make necessary adjustments to the project plan.

The art of project procurement lies in the ability to balance the needs of the project with the needs of the sellers. It is a complex process involving various stakeholders, including the project team, the project sponsor, the procurement team, and the sellers.

Project quality assurance (QA) is the process of ensuring that a project meets its quality standards. Which identifies and addresses potential problems early on in the project lifecycle. And helps to prevent costly mistakes, delays and improves the overall quality of the project.

Value management and value engineering are two closely related disciplines that are used to improve the value of products, services, and projects. Value management identifies and eliminates unnecessary costs to improve product functions. Value engineering focuses on initial engineering design.

The project life cycle is a flexible framework that can be adapted to the specific needs of each project. If you are managing a project, it is important to understand the project life cycle and to use it to help you plan, execute, and close your project successfully.

Procurement is the art of acquiring the right goods and services at the right time, for the right price, and with the right quality. It is a complex process that involves a variety of stakeholders, from buyers and suppliers to contract managers and legal experts to deliver significant benefits.

People are the most important asset of any project. Without the right people, even the best-planned project is doomed to fail.

The quality management plan is the main vehicle to communicate project quality aspects and specifies quality control and assurance for the project. It should cover all aspects of project quality management, but the specific contents, detail, and format will vary depending on the project.

The cost of a project is like the beating heart of the project. It is the lifeblood that keeps the project alive and moving forward. Without proper cost management, a project can quickly go off track and even fail.

Communication is the lifeblood of any project. It is the process of exchanging information between people so that they can understand each other and work together effectively.

Human resource planning is an ongoing process that ensures project personnel are allocated effectively for each task throughout the project lifecycle. To do this, inputs like the Project Management Plan, Activity resource requirements, Enterprise environmental factors, and Organisational process assets are necessary. Meanwhile, tools and techniques such as Organisation charts

I believe that the approach proposed in the article is a valuable one for project managers. By following these strategies, project managers can increase the chances of delivering a project that meets the client's expectations and avoids surprises.

The next step in project planning after defining project objectives is Task Definition. This involves breaking down the project into manageable tasks that can be conceptualized. Studies have shown that the human mind can only handle up to 7 bits of information at a time, making it difficult to cope

The Project Schedule is a crucial component of the Project Management plan. It records the required start and finish dates for the project's terminal elements and shows their sequencing and relationships. Its purpose is to establish and manage the core element of time throughout the project and is directly linked

Project planning is crucial for success. Setting clear goals, outlining tasks and deadlines, and establishing a budget can prevent delays, exceeding budgets, and compromising quality. Which also identify risks, allocate resources, and increase chances of success.