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Project Management

Stanford_P1010985
(Stanford University - Jaclyn Chen)

 

Failing To Plan Is Planning To Fail

 

 

What is Project Management?

 

[Project Management Institute]:  More specifically, what is a project? It's a temporary endeavor undertaken to create 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, tools, and techniques to project activities to meet the project requirements.

 

Project management processes fall into five groups:

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

 

Project management knowledge draws on ten areas:

  • Integration
  • Scope
  • Time
  • Cost
  • Quality
  • Procurement
  • Human resources
  • Communications
  • Risk management
  • Stakeholder management

 

[More to come ...]


 

 

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