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What Is Project Management 87

Project management involves temporarily organizing people and resources to achieve unique goals. It includes initiating, planning, executing, monitoring and controlling, and closing projects. Project management draws on areas like scope, time, cost, quality and risk management to deliver results on time and on budget.

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93 views2 pages

What Is Project Management 87

Project management involves temporarily organizing people and resources to achieve unique goals. It includes initiating, planning, executing, monitoring and controlling, and closing projects. Project management draws on areas like scope, time, cost, quality and risk management to deliver results on time and on budget.

Uploaded by

vanausab
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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What is Project Management?

More specifically, what is a project? Its a temporary group activity designed to produce 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. o a project team often includes
people who dont usually wor! together " sometimes from different organi#ations and
across multiple geographies.
$he development of software for an improved business process, the construction of a
building or bridge, the relief effort after a natural disaster, the e%pansion of sales into a
new geographic mar!et & all are projects.
And all must be e%pertly managed to deliver the on'time, on'budget results, learning and
integration that organi#ations need.
Project management, then, is the application of !nowledge, s!ills and techniques to
e%ecute projects effectively and efficiently. Its a strategic competency for organi#ations,
enabling them to tie project results to business goals & and thus, better compete in their
mar!ets.
It has always been practiced informally, but began to emerge as a distinct profession in
the mid'()th century. *MIs A Guide to the Project Management Body of Knowledge
(PMBOK

Guide) identifies its recurring elements+


*roject management processes fall into five groups+
Initiating
*lanning
,%ecuting
Monitoring and -ontrolling
-losing
*roject management nowledge draws on ten areas+
Integration cope $ime
-ost .uality *rocurement
/uman resources -ommunications 0is! management
ta!eholder management
All management is concerned with these, of course. 1ut project management brings a
unique focus shaped by the goals, resources and schedule of each project. $he value of
that focus is proved by the rapid, worldwide growth of project management+
as a recogni#ed and strategic organi#ational competence
as a subject for training and education
as a career path

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