Project Management

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Why project management?

If they are to be successful, each project, from the initial concept to the final stages of installation and implementation, must be managed effectively . This is extremely important as time frames for projects vary in scope and length for a variety of reasons, from budget or other constraints to scope and complexity. Preparation, communication, team work and precision during deployment are essential to the goals of every project. As is meticulous planning of the project and taking into account every possible scenario to ensure the successful outcome of a project.

Project Management assesses risks, examines research & development and conducts thorough planning. Pulling together the perfect team and brainstorming sessions prior to any deployment is one of the major keys to any project’s success. Only experienced professionals have the knowledge and ability to ensure the successful outcome of a project. A seasoned professional would always rely on a structured project management approach and trust that process.

What is Project Management? (Taken from PMI)

More specifically, what is a project? It’s a temporary group activity designed to produce a unique product, service or result.

A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources.

And a project is unique in that it is not a routine operation, but a specific set of operations designed to accomplish a singular goal. So a project team often includes people who don’t usually work together – sometimes from different organizations and across multiple geographies.

The development of software for an improved business process, the construction of a building or bridge, the relief effort after a natural disaster, the expansion of sales into a new geographic market — all are projects.

And all must be expertly managed to deliver the on-time, on-budget results, learning and integration that organizations need.

Project management, then, is the application of knowledge, skills and techniques to execute projects effectively and efficiently. It’s a strategic competency for organizations, enabling them to tie project results to business goals — and thus, better compete in their markets.

PMI’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide) identifies these recurring elements:

5 processes groups

  • Initiating
  • Planning
  • Executing
  • Monitoring and Controlling
  • Closing

9 knowledge areas

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