Preview

Project Management Introduction

Good Essays
Open Document
Open Document
4862 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Project Management Introduction
PROJECT MANAGEMENT

What is a Project?
According to the Project Management Institute (PMI) , a project is any work that happens only once, has a clear beginning and end, and is intended to create a unique product or knowledge. It may involve only one person, or thousands. It may last several days, or many years. It may be undertaken by a single organization, or by an alliance of several stakeholders. A project may be as simple as organizing a one-day event or as complex as constructing a dam on a river.

What is Project Management?
Project management is a carefully planned and organized effort to accomplish a specific (and usually) one-time objective, for example, construct a building or implement a major new computer system.
Project management is the application of knowledge, skills, tools and techniques to project activities in order to meet or exceed stakeholder needs and expectations of a project. The project manager, sometimes referred to as the project co-coordinator or leader, manages the details of the project on a day-to-day basis. This is an ongoing challenge that requires an understanding of the broader contextual environment of the project and the ability to balance conflicting demands between:
• Available resources and expectations;
• Differing stakeholder priorities;
• Identified needs and project scope;
• Quality and quantity.

Characteristics of Successful Projects
1. Clear objectives - The most successful projects have clearly defined objectives from the outset.
2. A good project plan - A carefully thought-out plan serves two purposes. First, it allows everyone involved to understand and perform their part in the project. It shows who is responsible for what and estimates how much money, people, equipment and time will be required to complete the project. Second, it serves as a monitoring tool, allowing you to take early action if things go wrong.
3. Communication, communication, communication - Your project is a collaborative

You May Also Find These Documents Helpful

  • Good Essays

    Pm567 Quiz 1

    • 1787 Words
    • 8 Pages

    Project management is the performance based process focus on one o more deliverable. It is the process of identifying a problem or need coming up with possible solution, deciding on the best one and completing the project in a manner that is acceptable to the stakeholders whether it is as quick as possible or maybe inexpensive ad possible.…

    • 1787 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    Project Management

    • 1126 Words
    • 4 Pages

    Project management is one of the most important and critical tool or technique, which defines the entire course of development of any kind of project.…

    • 1126 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Volkswagen Mexico Case

    • 459 Words
    • 2 Pages

    All companies are faced with completing projects, whether it is to make a product, complete a service or an outcome such as a research project. Project Management helps to ensure that the projects are done effectively and efficiently. Project management is the “application of knowledge, skills, tools, and techniques to meet the project requirements.” (Project management body, 2008) There are 5 process groups associated including initiating, planning, executing, monitoring and controlling, and closing. Managing a project is complex, a Project manager needs to define and identify requirements, needs, concerns, and balance constraints such as recourses, schedules, budget and risks.…

    • 459 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Project management is the application of knowledge, skills, tools and techniques to project activities in order to meet project requirements (Project Management Body of Knowledge: PMBOK Guide, 2000)…

    • 1184 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Project Management

    • 1777 Words
    • 8 Pages

    Secondly is the process of project planning process relates to the question 'How will you do it? '.…

    • 1777 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Ipt Hsc

    • 1203 Words
    • 5 Pages

    ▪ Project Management is a planned and ongoing process that guides all the development tasks and resources throughout a projects development…

    • 1203 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Project Managment

    • 3793 Words
    • 16 Pages

    “Project management is the science (and art) of organizing the components of a project, whether the project is development of a new product, the launch of a new service, a marketing campaign, or a wedding. A project isn 't something that 's part of normal business operations. It 's typically created once, it 's temporary, and it 's specific. As one expert notes, "It has a beginning and an end." A project consumes resources (whether people, cash, materials, or time), and it has funding limits”. MPUG.com copyright 2007-2012…

    • 3793 Words
    • 16 Pages
    Best Essays
  • Good Essays

    project management

    • 934 Words
    • 4 Pages

    Project management is the discipline of planning, organizing, securing and managing resources to bring about the successful completion of specific project goals and objectives.…

    • 934 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Project: A temporary group activity designed to produce a unique product, service or result. This means that a project always has a beginning and an end date. Within which a product or service has to be delivered to the customer.…

    • 4398 Words
    • 18 Pages
    Powerful Essays
  • Satisfactory Essays

    Project Management

    • 2142 Words
    • 9 Pages

    Concept: Project management is a carefully planned and organized effort to accomplish a successful project. Project management has emerged as a crucial factor that determines the success of an organization. Whether it is a question of facing an economic crisis or generating large turnover, it plays a pivotal role in the growth of a firm. Since time immemorial, man has incorporated the idea of project management in the construction of monuments and various other architectures. However, since the early 1950s, it started to be pursued as a major discipline in the corporate companies.…

    • 2142 Words
    • 9 Pages
    Satisfactory Essays
  • Good Essays

    PROJECT MANAGEMENT NOTES

    • 16793 Words
    • 66 Pages

    Project management has become a proven approach to achieving specific objectives in time. If properly applied, project management techniques supply structure, focus, and control and help to drive a project team to the completion of work. Today, the definition of a project has expanded to include recurring situations, one time crisis, and dealing with difficult issues, so that projects and project management apply to various business situations that have to deal with complexity. Legal offices, hospitals and other services as well as traditional manufacturing firms have become enthusiastic about the ways in which project management is improving their delivery of services or creation of new products.…

    • 16793 Words
    • 66 Pages
    Good Essays
  • Powerful Essays

    Project management is the art of matching a project's goals, tasks, and resources to accomplish a goal as needed. We say "as needed" because one has limited time, money, and resources (human and machinery) with which to accomplish a goal. One can think of a project as a process. Figure 1 shows this process as a simplified block diagram.…

    • 1947 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Project Managment

    • 2867 Words
    • 12 Pages

    A project is an individual or collaborative enterprise that is carefully planned and designed to achieve a particular aim.…

    • 2867 Words
    • 12 Pages
    Better Essays
  • Good Essays

    A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources. (Pmi.org, 2014) Thus, project management is to work out a process effectively and efficiently, it is where all data and information is worked out in a certain phase followed by the planner to have a successful and portable outcome. It helps businesses compete and improve their products into a better working amenity that would help them outrun their competitors and earn business.…

    • 922 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Business

    • 1310 Words
    • 6 Pages

    Project management is the application of knowledge, skills, tools and techniques to protect activities in order to meet or exceed stakeholder’s needs and expectations from a project.…

    • 1310 Words
    • 6 Pages
    Better Essays

Related Topics