The core components of project management


  • defining the reason why a project is necessary;
  • capturing project requirements, specifying quality of the deliverables, estimating resources and timescales;
  • preparing a business case to justify the investment;
  • securing corporate agreement and funding;
  • leading and motivating the project delivery team;
  • developing and implementing a management plan for the project;
  • managing the risks, issues and changes on the project;
  • monitoring progress against plan;
  • managing the project budget;
  • maintaining communications with stakeholders and the project organisation;
  • provider management;
  • closing the project in a controlled fashion when appropriate.

Comments

Post a Comment

Popular posts from this blog

The Five Stages of Project Management

Image
  Managing a project is challenging, regardless of the scale and scope. From everyday planning to overseeing the ever-changing demands of stakeholders and clients, many variables can pop up at a moment’s notice. One strategy to maintain the order and flow of a project is to break it down into smaller, manageable stages. Each stage (or milestone) may have its own goals, timelines, and deliverables. This compartmentalization makes it easier to control the project and ensure the quality of work. In the next section, we’ll take a closer look at each of the five project management lifecycle stages. 1. Initiation The initiation stage is the first phase of the project life cycle. It involves defining the project’s purpose, objectives, and scope, as well as identifying the clients and stakeholders and their needs. During this stage, the project manager must determine whether the project is viable and worth pursuing by asking certain questions. What is the objective of this project? What ar...
Read more

Common Project Management Styles

Image
Project management styles refer to project managers’ different approaches and techniques to plan, execute, and control projects. Several common project management styles are widely used in various industries and organizations. Six Sigma Six Sigma project management is rooted in the data-driven quality methodology used to improve business processes and reduce defects. Developed by Motorola in the 1980s, it has since been adopted by many other companies. The overall goal is to reduce defects and errors to achieve a quality level of, at most, 3.4 defects per million opportunities Agile Project Management An iterative project management approach that emphasizes flexibility and adaptability, agile project management involves breaking down a project into smaller, more manageable tasks and continuously monitoring and adjusting the project plan as needed. Agile project management is often used in software development but can be applied to most projects. Scrum (a type of agile) A type of ag...
Read more

Trends in Project Management

Image
Adaptability has recently been essential in project management due to 2020 standing as an incredibly volatile year, which had profound effects on industries around the globe. Massive shutdowns, supply chain issues, and global lockdowns are still being felt even now. Those upheavals have shaped emerging trends in project management as businesses explore new ways to manage their projects. Read on to learn more about common trends in project management. Hybrid Project Management Will Grow Hybrid project management is a combination of traditional and agile project management methodologies. It is gaining popularity as it allows for flexibility and adaptability in project management. Therefore, the trend of using hybrid project management is expected to continue to grow in the coming years. Rise in Remote Working Remote work and virtual teams are becoming more common in many industries, requiring new communication techniques and collaboration strategies. While the global pandemic forced busi...
Read more