Project Management

Project Management Life Cycle

A project is a planned set of interrelated tasks to be executed over a fixed period and within certain period and within certain cost and other limitations. The key characteristics of project is given below.

·         Achieve a specific objective

·         A planned activity

·         Work to be carried out in several phases

·         Time Limit

·         Resource Limit

·         Coordinated

·         Project is done by a team.

There five stages in Project Management Life Cycle.

·         Initiation- This is the first stage of Project Management Life Cycle. In this stage is Launches the project or phase. The needs of the organization are identified and alternative solutions are researched. The power to launch the project or phase is given through project charter, and when initiating the project, the wonderful project manager is selected.    

·         Planning- Planning is the second stage of the Project Management Life Cycle. In planning stage, it requires the project manager and the project team to develop the various core and subsidiary management plans necessary for project completion. This process is one of the most important pieces of project management. 

·         Execution- This is the third stage of Project Management Life cycle. Allows the project team and vendors to move towards completing the work outlined in the planning process. The project team move forward with completing the project work.

·         Controlling- Controlling is the third stage of Project Management Life Cycle. The project manager must control the work the project team and the vendors are completing. The project manager checks out the deliverables of the phases are in alignment with the project scope, defend the scope from changes, and confirms the expected level of quality of the work being performed. This process also requires the project manager to confirm that the cost and schedule are in sync with what was planned. Finally, the project team will inform the project sponsor, the management and perhaps even the key stakeholders in the organization.

·         Closure- This is the final stage of Project Management Life Cycle. The closing process, sometimes called the project post-mortem, involves closing out the project accounts, completing final acceptance of the project deliverables, filling the necessary paperwork and assigning the project team to new projects. 

Project Management Life Cycle (Project Management Training, 2018)

The supervision and control of the work required to complete the project vision can be known as Project Management. The project team carries out the work needed to complete the project, while the project manager schedules, monitors and controls the various project task. Organizing, Planning, Execution, Timing, Control, Strategy, Development, Monitoring, Analysis and Process are the task which commonly happens in a Project Management.

Internal Threats that can happen to an Organization System

·         Security may fall to human error

Database information is not always compromised by purely electronic. So some errors can be happening through a person. As an example, an employee may copy information from an entire database table into an email for troubleshooting purposes and accidentally include external email addresses in the recipient list. Database information is not always compromised by purely electronic means. (Chron, 2018). As a solution, it is important to make security options in this kind of situation.

·         Employees who has privileges to Damage the System

They will sell information to the black market. It will not easy to stop from the people who have full access to the system. It will be a reason for the organization to get bankrupt. (Chron, 2018)

External Threats that can happen to an Organization System

Attack through Chain of events.

A complex chain of events can affect an IT database in many ways. Cut power to a server that stores software licenses for other servers is a way that affect to an organizations database. From this, the system will be down. Because, if the licenses are unavailable, database backup software may not function at its scheduled time. It will be affect an organization.

(Chron, 2018)

Hackers

If the organizations software applications maintain open connections to IT databases, hackers trying to take control of these applications of the organization. After taking control of the applications, they change its passwords to their defaults. From that they can access the system easily anytime they want. They can steal customer details, money. It will be affect deeply through the organization. It will lose their business reputation and information. (Chron, 2018)