Project management is a set of methods, procedures, tools, and techniques used to manage projects from their initiation to completion.
PM is a set of methods, procedures, tools, and techniques used to manage projects from their initiation to completion. Its main goal is to ensure the successful completion of a project. Within the defined budget, schedule, and achievement of set objectives.
Project management includes the following key aspects:
- Project planning: It involves defining the project’s goals, determining the scope, identifying resources. Establishing a timeline, setting a budget, and assigning specific tasks and responsibilities to team members.
- Team organization: It involves selecting and assigning the right human resources for the project, ensuring proper communication, and coordinating among team members.
- Risk management: Identifying, assessing, and managing risks that could impact the course and outcome of the project.
- Monitoring and control: Tracking project progress, comparing against the plan and verifying that set goals are being achieved. And actions to address deviations.
- Communication: Ensuring effective communication between all project stakeholders to ensure project goals, expectations and status are understood.
- Closing the project: Formal completion of the project, evaluation of the achieved results, evaluation of the success of the project and possible lessons for future projects.
Project management is essential for effective management of projects and achieving the desired results. It considers the complexity and diversity of project tasks and ensures that projects are carried out systematically. It takes into account various factors that can affect their success. This approach increases the chances of successful and efficient project completion.
Styles of project management
There are several different styles or approaches to project management that can be chosen depending on the nature of the project and the preferences of the project manager. Each of these styles has its own characteristics and advantages.
An agile approach to project management is increasingly used in software development and projects where requirements can be flexible. This style emphasizes rapid iterations, flexible response to changing requirements, and close collaboration with end users.
Waterfall is a traditional project management approach often used in industries where requirements are well known and less likely to change during project execution. This approach is called “waterfall,” because projects progress linearly through different phases, each phase being completed before the next one begins.