Project Management

Project management is the use of management disciplines to achieve a one time objective or set of objectives. Management disciplines include: planning, organizing, staffing, directing and constrolling. Managing a project requires different skills that managing on-going processes.

Some say that project management is the art of creating the illusion that any outcome is the result of a series of predetermined, deliberate acts, when in fact, it was blind, dumb luck!

What is a project? A project is a one time effort to meeting specific goals. Examples of projects include:

  • Creating a new product
  • Moving to a new building
  • Hosting a wedding
  • Acquiring a company

Project Management Provides

  • Integrated task definitions for an entire project
  • Definitions of resource requirements
  • Major timetable milestones
  • Definition of end-item quality and reliability requirements
  • The basis for performance measurement
  • Single direct management link to "customer"

Project Management Benefits

  • Specific identification of all functional responsibilities
  • All defined tasks are assigned to someone
  • Minimizes the need for continuous reporting
  • Identifies time limits
  • Creates a methodology for trade-off analysis
  • Measurers accomplishments against plans
  • Early identification and correction of problems
  • Improved estimate capability for future projects
  • Improved profits
  • Faster decisions
  • More measurable results
  • Creates a balance of authority

Project Management Objectives

  • Produce solutions that satisfy the requirements
  • Satisfy the stakeholders (Customers, Investors, Employees, etc.)
  • Achieve the results within time constrains
  • Achieve the results within budget constraints (use of resources)
  • Learn: add to organizationís knowledge and skill base

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