Project management is the complete process of:

– Applying the disciplines of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific project success criteria. A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end;

– Defining a project, which is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables) undertaken to meet unique goals and objectives to meet and/or exceed fit, form, and functionality requirements in the most cost effective and timely manner to maximize new product success.

Approaches For Managing Projects

  • Sequential of Step
  • PRINCE2
  • Critical Chain
  • Processed Based
  • Lean and Extreme
  • Benefit Realization

Process Groups

  • Initiate
  • Planning
  • Executing
  • Monitoring and Controlling
  • Closing
  • Project Controlling and Project Control Systems

Resources/Tools

  • Work Breakdown Structure
  • Project Managers
  • Software Packages
  • Virtual Team Member(s)