Project Management

Project Management

Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.

A key factor that distinguishes project management from just 'management' is that it has this final deliverable and a finite timespan, unlike management which is an ongoing process. Because of this a project professional needs a wide range of skills; often technical skills, and certainly people management skills and good business awareness.

The core components of project management

  1. defining the reason why a project is necessary

  2. capturing project requirements, specifying quality of the deliverables, estimating resources and timescales

  3. preparing a business case to justify the investment

  4. securing corporate agreement and funding

  5. leading and motivating the project delivery team

  6. developing and implementing a management plan for the project

  7. managing the risks, issues and changes on the project

  8. monitoring progress against plan

  9. managing the project budget

  10. maintaining communications with stakeholders and the project organisation

  11. provider management

  12. closing the project in a controlled fashion when appropriate

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