Project management is the application of skills, experience, knowledge, methods, and processes to achieve project objectives. It is a set of information about projects, i.e. planning, control, and evaluation. Project management is also about making sure the project is completed.
The Project Management Association Defines the Term as:
“Project management is the application of processes, methods, skills, knowledge, and experience to achieve specific project objectives within agreed parameters as per project acceptance criteria. Project management at a large scale is constrained by limited time and budget.
The project has a definite beginning and end. In other words, it is temporary. It also has a certain scope and resources. This project is also unique in that it is not an ordinary commercial operation. The project consists of a specific set of operations aimed at achieving the goal.
Wide range of Project Management Tasks
Because this is a unique project, it often involves collaborators who don’t normally work together. In fact, employees often come from different organizations, specialties, and even countries.
Among these projects are building a new bridge, creating or developing software, or even various web resources such as torrent sites, online applications, etc. To improve business operations. These plans are also disaster prevention efforts or strategic preparation for entering a new geographic market.
If you want to complete a project on time, you need to manage it properly. You also need to make sure that you are within budget. Not only do you need to work to meet deadlines, but you also need to ensure that quality is not lost.
Thus, project management is the application of methods, tools, skills, and knowledge to ensure that all project requirements are met.
Until the middle of the last century, project management was an informal activity.
According to the Project Management Institute PMI:
“Project management, then, is the application of knowledge, skills, tools, and methods to project activities to meet project requirements.”
The main components of project management
The following major components are part of project management:
- Determine why the project is important or important.
- Estimate the time it will take to complete and determine the quality of the results. Also, list the project requirements and the resources that will be used.
- Protect your investment by developing a feasibility study.
- Securing funds.
- Have everyone participate in agreeing to the plan.
- Develop a project management plan.
- Leads and motivates all team members.
- Manage any project changes, problems or risks.
- Monitor project progress against the initial plan.
- Make sure the project is on budget.
Communicate with stakeholders and organize the project.
As mentioned earlier, projects are separate from daily business activities. They ask people to meet for a limited time to focus on specific goals. Therefore, effective teamwork is critical to successful projects. Many of the above components are managed by resource management tools.
Project management stages
In general, the project management process consists of five phases:
- We welcome new members.
- to treat
- the last
Today, there are special project management templates that are specific to specific industries. Each industry has its own unique set of needs and priorities.
What is a project manager?
A project manager is a professional who plans and manages resources and personnel. They must ensure that the project is completed on time and within budget. They also need to ensure that the project meets the needs of the business. When it comes to how to manage projects, companies often need to think about everything from initial planning and strategy to execution and monitoring – usually using a project manager’s Gantt charts. Use the tools up to Palm’s comprehensive PPM solution.