SPM stands for Software Project Management. The art and science of organising and managing software projects are known as software project management. It is a branch of software project management that focuses on organising, carrying out, monitoring, and controlling software projects. The technique of managing, allocating, and timing resources is used to produce computer software that meets requirements. When managing software projects, the client and the developers must be informed of the project's duration, budget, and timeline.
There are three prerequisites for software project management.
They are
Time
Cost
Quality
The software organisation places a high value on producing high-quality products while conforming to customer budgets and meeting deadlines. This triple factor may be impacted by a number of external and internal variables. The other two are significantly impacted by any one of the three factors.
Software project management involves a wide range of duties, such as project planning, determining the product's scope, cost estimating in several countries, task scheduling, etc.
Project planning and Tracking
Project Resource Management
Scope Management
Estimation Management
Project Risk Management
Scheduling Management
Project Communication Management
Configuration Management
SPM is essential because it prioritises customers in strategic and operational choices, increasing the chances that financial services will be secure and beneficial for customers.
SPM is made to assist both enterprises and people in keeping track of their projects, tasks, and timetables. It's a perfect method to keep your staff on target and stay organised.
Scope, schedule, cost.
Every project may have a special and unique aim, which is how one may define a project. A project is not a usual task or regular activity.
Frequent deployments and taking client input into consideration throughout each iteration are the main goals of the iterative agile project management method.