Module I: What Is Project Management?

An overview of the project management application as an initiative of defining the knowledge, skills, tools, and techniques to meet project activities and requirements.

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.

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).