Project Management

Driven by customer concerns for cost effectiveness, elimination of redundant functions and a general trend toward adoption of a ‘doing more with less’ philosophy, PRECISE offers a variety of program management and technical support services to help you run your project from conception to execution.

We help our clients improve organizational performance regarding change management with: Project Risk Analysis, Lean Six Sigma, Earned Value Management and Independent Validation and Verification.

Project Management is the process of achieving project objectives (schedule, budget and performance) through a set of activities that start and end at certain points in time and produce quantifiable and qualifiable deliverables.

Successful project management is the art of bringing together the tasks, resources and people necessary to accomplish the business goals and objectives within the specified time constraints and within the monetary allowance. Projects and Programs are linked directly to the strategic goals and initiatives of the organization supported.

PRECISE Project Management Life Cycle?

The process each manager follows during the life of a project is called the Project Management Life Cycle. A proven methodical life cycle is necessary to repeatedly implement and manage projects successfully.

During the life cycle of any project, proven and tested project management processes or best practices should be initiated. The types and extent of processes initiated depend on the nature of the project, i.e. size, probability of failure and consequences of failure. Strong and effective leaders apply processes to protect all projects.

The Project Management Institute (PMI) provides guidance for project management in the Project Management Body of Knowledge (PMBOK). Every project has a life cycle, with a beginning, a life and an end (defined by accomplishing the objective). The following defines a typical project life cycle and shows the relationship between PMBOK Life Cycle Phases and our Life Cycle Phases:

PMBOK Phases

  • Initiation
  • Planning
  • Executing
  • Controlling
  • Closing

There are 9 major knowledge areas of project management that PMBOK describes as required expertise for all project managers. They are:

  • Scope Management
  • Communications Management
  • Risk Management
  • Human Resources Management
  • Procurement Management
  • Time Management
  • Cost Management
  • Quality Management
  • Integration Management

Each of these management areas consists of processes, tools and techniques that are produced and/or applied to some degree during the course of any project. Our project managers form a working partnership to ensure that your interests and business objectives are met in the most cost-effective manner. This operational methodology produces a quality program that is safe, cost effective, technically sound, environmentally compliant and deliverable in a minimum amount of time.

PRECISE understands the importance of managing all the component parts of a complex program equally; we manage the whole by managing the pieces. We pay close attention to the small tasks that, if overlooked, can have an effect on scheduled milestones or costs. This philosophy is the cornerstone of our approach to project and program management.