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
defining the reason why a project is necessary
capturing project requirements, specifying quality of the deliverables, estimating resources and timescales
preparing a business case to justify the investment
securing corporate agreement and funding
leading and motivating the project delivery team
developing and implementing a management plan for the project
managing the risks, issues and changes on the project
monitoring progress against plan
managing the project budget
maintaining communications with stakeholders and the project organisation
provider management
closing the project in a controlled fashion when appropriate
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