Search


WWW Improve Your Business

Project Management for Dummies

PMI Definition: A project is a temporary endeavor undertaken to achieve a particular aim and to which project management can be applied, regardless of the project’s size, budget, or timeline.

Further, as defined in the 2000 edition of A Guide to the Project Management Body of Knowledge (PMBOK® Guide), project management is the application of knowledge, skills, tools, and techniques to a broad range of activities in order to meet the requirements of a particular project.
Essentially, project management is comprised of five processes:

  1. Initiating,

  2. Planning,

  3. Executing,

  4. Controlling,

  5. and Closing
These five processes are wrapped around the triple contraints of project management. These 3 constraints will define a project, and any changes to any of these will impact the project enough to require review and approval by the project sponsor(s).

  • TIME

  • COST

  • SCOPE
The Project Management Insitute has also defined NINE knowledge areas

  1. Project Integration,

  2. Project Scope,

  3. Project Time,

  4. Project Cost,

  5. Project Quality,

  6. Project Human Resources,

  7. Project Communications,

  8. Project Risk Management

  9. and Project Procurement.
Project management is used globally by multi-billion-dollar corporations, governments, and smaller organizations alike as a means of meeting their customers’ needs by both standardizing and reducing the basic tasks necessary to complete projects in the most effective and efficient manner. As a result, project management leadership is a highly desirable and sought-after skill as intense global competition demands that new projects and business development be completed on time and within budget.
PM a nutshell: 3 contraints; 5 processes; and 9 knowledge areas.
RELATED BLOG ITEM:- Project Management Resources
---------------------------------------------------------

1 comment:

Dan said...

Hi Manny,

Nice and concise. That PMI definition is broad, i especially like the "... regardless of the project’s size, budget, or timeline."

I also believe that there is no limit to the size (on the small side) of a project to which the basic principles can apply. However, drowning smaller projects in methodolgy and complex tooling can be overkill.

With this in mind we developed www.PayStage.net, a simple online app to assist those not strong on Project Management with 'Getting to Done'.

The service is still in development and we would love any input from people like yourself with strong PM discipline. Any feedback i greatly appreciated.

Thanks & Regards,

Dan Walsh
Sydney, Australia
dan@paystage.net