As organizations progress, they face more and more complex and difficult challenges. Some of these are huge involving the coordination of many different people, the completion of many tasks in a strict sequence, and the spending of a great deal of time and money.

Today's most successful organizations employ Project Management as a strategic tool to drive change and achieve business objectives. Focusing primarily on developing a project plan with specific goals and objectives, Project Management assists an organization to deliver projects that fit-for purpose, timely and within budget.

Project Management is the tool to allocate specific tasks and to manage available resources in order to deliver projects that adhere to project deadlines for each project phase. To do that, Project Management typically includes four phases, which are feasibility study, project planning, implementation, and project evaluation.

Phase I: Feasibility study
Organizations perform feasibility studies in order to research business opportunities. By defining the needs of the project, a feasibility study basically addresses the issue of adaptability to new market realities. Organizations use needs analysis as the tool to investigate the market supply and demand, niche markets, environmental effects, positioning, and sustainability.
After the project needs have been identified, feasibility study documents the requirements for solution, identifies alternative solutions, assesses risks associated to each solution and chooses the optimal solution for the implementation of the project.

Phase II: Project Planning
Project planning requires primarily analytical techniques and distinct technical skills in order to manage a project within specific start and completion dates, while meeting specific requirements in terms of cost and optimal resources. The adoption of agreed standards and regularized procedures assists to manage the project constraints to achieve the project goals and objectives.

Phase III: Project Implementation
Successful project implementation addresses simultaneously four interrelated constraints, namely resources, time, cost and scope. These constrains are interdependent because if a project needs to be completed within a tight time frame this would mean increased cost for the organization. Similarly, if the project is big, then cost constraint would be increased and time constraint would be pressing.
The resources constraint refers to the people, the equipment

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