Project Management

Description

“Project management is the application of processes, methods, knowledge, skills and experience to achieve the project objectives.” Learn more here.

“The core components of project management are:

  • 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;
  • developing and implementing a management plan for the project;
  • leading and motivating the project delivery team;
  • managing the risks, issues and changes on the project;
  • monitoring progress against plan;
  • managing the project budget;
  • maintaining communications with stakeholders and the project organization;
  • provider management;
  • closing the project in a controlled fashion when appropriate.”

Why do we use project management?
“Investment in effective project management will have a number of benefits to both the host organization and the people involved in delivering the project. It will:

  • provide a greater likelihood of achieving the desired result;
  • ensure efficient and best value use of resources;
  • satisfy the differing needs of the project’s stakeholders.”

Source: “What is Project Management?” 2014. Association for Project Management. Retrieved December 4, 2014. http://www.apm.org.uk/WhatIsPM

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