Where one project ends, another begins That's business - isn't it? Projects: Improving. Creating. Building. Designing, Servicing. Successful project management isn't a linear philosophy. It's a repeatable methodology that delivers what the client wants.
Project management is the application of processes, methods, knowledge, skills and experience to achieve the project objectives. A project is a unique, transient endeavor, undertaken to achieve planned objectives, which could be defined in terms of outputs, outcomes or benefits.
Core components of project management are:
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;
developing and implementing a management plan for the project;
leading and motivating the project delivery team;
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;
closing the project in a controlled fashion when appropriate.
When to use project management: Projects require 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 work is managed depends upon a wide variety of factors. A good distinguishing factor is often to look at the nature of the objectives. Objectives may be expressed in terms of outputs, outcomes, benefits or strategic objectives.
Why use project management: 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:
provide a greater likelihood of achieving the desired result;
ensure efficient and best value use of resources;
satisfy the differing needs of the project’s stakeholders.
Copyright 2018. Streamline BPM, LLC. All Rights Reserved.