Project Management

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)