Project management is the application of processes, methods, knowledge, skills and experience to achieve the project objectives.

Projects are separate to business-as-usual activities, requiring people to come together temporarily to focus on specific project objectives. As a result, effective teamwork is central to successful projects.

Project management is concerned with managing discrete packages of work to achieve objectives. The way the work is managed depends upon a wide variety of factors.

The scale, significance and complexity of the work are obvious factors: relocating a small office and organizing the Olympics share many basic principles but offer very different managerial challenges.

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:

  1. Provide a greater likelihood of achieving the desired result
  2. Ensure efficient and best value use of resources
  3. Satisfy the differing needs of the project’s stakeholders

Project management processes fall into five groups:

  1. Initiating
  2. Planning
  3. Executing
  4. Monitoring and Controlling
  5. Closing


Things To Know

Project Management Challenges within Corporate Projects.

Undefined GoalsScope ChangesInadequate Skills for the ProjectLack of Accountability
When goals are not clearly identified, the whole project and team can suffer. When upper management cannot agree to or support undefined goals, the project in question typically has little chance of succeeding. The project manager must ask the right questions to establish and communicate clear goals from the outset.

Also known as scope creep, this occurs when project management allows the project’s scope to extend beyond its original objectives. Clients and supervisors may ask for changes to a project, and it takes a strong project manager to evaluate each request and decide how and if to implement it, while communicating the effects on budget and deadlines to all stakeholders.

A project sometimes requires skills that the project’s contributors do not possess. Project management training can help a project leader determine the needed competencies, assess the available workers and recommend training, outsourcing or hiring additional staff.

A project manager’s leadership qualities can shine when each member of the team takes responsibility for his or her role in achieving project success. Conversely, a lack of accountability can bring a project to a complete halt. Finger-pointing and avoiding blame are unproductive, but all-too-common features of flawed project management. Learning to direct teams toward a common goal is an important aspect of project management training.

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