What is a Project?
Project is a temporary endeavor undertaken to create a unique product, service, or result. The temporary nature of projects indicates a definite beginning and end.
What is Project Management?
Project Management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. It is accomplished through good application and integration of 42 logically grouped project management processes comprising the 5 Process Groups.
Five Project Management Process groups:
4) Monitoring & Controlling
Nine Project Management Knowledge Areas:
1) Project Integration Management
2) Project Scope Management
3) Project Time Management
4) Project Cost Management
5) Project Quality Management
6) Project Human Resource Management
7) Project Communication Management
8) Project Risk Management
9) Project Procurement Management
1) Project Integration Management: Integration Management is the processes and activities that that integrate the various elements of project management.
The Processes in Integration Management include
- Development of Project Charter
- Development of Project Management Plan
- Direct & Manage Project Execution
- Monitor and Control Project Work
- Perform Integrated Change Control
- Close Project or Project Phase
2) Project Scope Management: The process includes the work required and only the work required, for completing the project successfully.
The Project Scope Management Includes:
- Requirement Collection
- Scope Definition
- Creating Work Breakdown Structure
- Scope Verification
- Scope Control
3) Project Time Management: This processes focuses to help and ensure the timely completion of the project.
The Process Includes:
- Define Project Activities
- Sequence Project Activities
- Estimate Activity Resources
- Estimate Activity Durations
- Develop Project Schedule
- Control Project Schedule
4) Project Cost Management: It describes the processes involved in planning, estimating, budgeting and controlling costs so that the project can be completed within the approved budget.
The Processes includes:
- Cost Estimation
- Budget Determination
- Cost Control
5) Project Quality Management: It describes the processes involved in planning, monitoring, controlling, and assuring the quality requirements of the project are achieved.
The processes include:
- Quality Planning
- Perform Quality Assurance
- Perform Quality Control
6) Project Human Resource Management: It describes the processes involved in planning, acquisition, development, and management of the project team.
The processes overview includes:
- Develop Human Resource Plan
- Acquire Project Team
- Develop Project Team
- Manage Project Team
7) Project Communication Management: It identifies the processes involved in ensuring timely and appropriate generation, collection, dissemination, storage, and ultimate disposition of project information.
The Processes Include:
- Identify Stakeholders
- Plan Communications
- Distribute Information
- Manage Stakeholder Expectations
- Report Performance
8) Project Risk Management: It describes the processes involved with purchasing or acquiring products, services, or results for the project.
The processes Involves:
- Plan Risk Management
- Identify Risks
- Perform Qualitative Risk Analysis
- Perform Quantitative Risk Analysis
- Plan Risk Responses
- Monitor and Control Risks.
9) Project Procurement Management: It describes the processes involved with purchasing or acquiring products, services or results for the project.
The process involves:
- Plan Procurements
- Conduct Procurements
- Administer Procurements
- Close Procurements
“Street Smarts – Thinking that’s it! Beware the scope of Project Management is beyond this short overview, it takes lot of practice, training and application of various project management tools & techniques to become a successful project manager ”
For all aspiring Project Managers, PM Rocks recommends you to follow Project Management Institute standards and take a formal training from PMP certified Institutes or colleges. The best material to follow would be official PMBok Guide. For more info visit the official PMI website for details.