What's Your Question?
What Is Project Management?
A project is an undertaking by one or more people to develop and create a service, product or goal. Project management is the process of overseeing, organizing and guiding an entire project from start to finish. Here are more facts about project management.
Project Management Helps Teams Work Together
A competent project manager pulls together all of the people involved in a project to ensure that tasks are done cooperatively and with regard to the tasks’ effects on other people’s project outcomes. For example, when a new building is being constructed, a project manager will schedule electrical wiring installation before scheduling installation of light fixtures and electrical equipment. If the lighting crew is scheduled before the structure is wired, the lighting crew wastes time arriving on site only to find they can’t perform their work.
Project managers also schedule meetings between various teams to foster cooperation and increased communication about projects. In the example above, the project manager may schedule a meeting during which the electricians explain the wiring, wall-switch operation and receptacle layout to the lighting contractors. Both teams communicate their needs and concerns to help the project move forward without delays.
Project Management Performs Vital Processes
According to the Project Management Institute, five main management processes are used to see a project through to completion. The five processes are:
- Monitoring and controlling
At the initiating phase, key individuals share ideas about a proposed project. In the planning stages, the project is defined and schedules are created to complete the project in a defined time frame. Execution of the project requires organizing and scheduling supplies, materials and workers to complete the project. Monitoring and controlling in project management is the process of inspecting work, crunching budget numbers and keeping track of deadlines. Closing the project involves site cleanup, turning over the project to the owner, collecting payments and scheduling meetings to discuss the lessons learned from a project.
Project Management Focuses on Key Areas of Knowledge
Project management draws on a diverse set of skills. While project managers don’t need to have in-depth knowledge of all key skill areas, they do need to have a basic understanding of the limitations and concerns of each knowledge area. Project managers need to view a project in its entirety and understand the relationships between costs, quality, supply procurement, human resources, communication, risk management and stakeholder management.
Project Management Requires Document Management
A competent project manager organizes all documentation including invoices, e-mails, bids, proposals, permits, and project changes. The project manager ensures documents are submitted on time and to the correct businesses, agencies or individuals. The project manager is also responsible for secure storage of all project documents.
Project Management Helps Meet Goals
Project management is a relatively new field of practice and study but has become a proven method to meet lofty goals and bring diverse groups of people together for a common purpose.
MORE FROM QUESTIONSANSWERED.NET
Project Management Capstone
Uploaded by, document information, description:, original title, available formats, share this document, share or embed document, sharing options.
- Share on Facebook, opens a new window Facebook
- Share on Twitter, opens a new window Twitter
- Share on LinkedIn, opens a new window LinkedIn
- Share with Email, opens mail client Email
- Copy Link Copy Link
Did you find this document useful?
Is this content inappropriate, original title:, reward your curiosity.
- Share on Facebook, opens a new window
- Share on Twitter, opens a new window
- Share on LinkedIn, opens a new window
- Share with Email, opens mail client
PJM480: Capstone Project Management
- Oliver Walton
- 6 years ago