An overview of the project management application as an initiative of defining the knowledge, skills, tools, and techniques to meet project activities and requirements.
Project can be defined as a temporary endeavor designed to specifically to create a unique product, service, or result.
- Projects can be individual tasks or,
- projects can be collaborative (teams),
- regardless these tasks are designed to achieve a specific objective
Work tasks can be categorized into two entities, projects or operations.
- A project is designed to attain an objective and terminates once completed; projects are generally temporary and unique in nature, and completion is required.
- Operational Work is designed to be an ongoing operation to sustain a business function; generally, tasks are ongoing and repetitive.
Project management is the methodical approach to complete the project; it is the application of knowledge, skills, tools, and techniques to achieve the desired project requirements.
Five Project Management Phases:
- Initiating
- Planning
- Executing
- Monitoring and Controlling
- Closing
Figure 1 - Project Management Phases
Project Managers (PM) or Project Leads are responsible for managing project objectives.
Project Management Team is the group that participates on project.
Managing Principles (4):
- Identifying project requirements (what)
- Establishing clear and achievable objectives (why)
- Balancing the competing demands for quality, scope, time, and cost (how)
- Adapting the specifications, plan, approach, and expectations for various stakeholders (who)
A Guide to the Project Management Body of Knowledge (PMBOK) is a project management reference book, which presents a set of project management standard terminology and guidelines.
Figure 2 - Project Management Body of Knowledge Image
The Project Management Institute (PMI) publishes this guide. The primary purpose of the guide is to:
- “Identify means to provide a general overview as opposed to an exhaustive description” (PMI, 2021).
- “Generally recognized means that the knowledge and practices described are applicable to most projects most of the time, and that there is a widespread consensus about their value and usefulness” (PMI, 2021).
- “Good Practice means that there is general agreement that the correct application of these skills, tools, and techniques can enhance the chances of success over a wide range of different projects” (PMI, 2021).