Fundamentals of Project Management
- • Define responsibilities and stakeholder management
- • Master skills in managing project activities
- • Develop a more effective approach to interacting with project stakeholders
- • Build effective plans
- • Manage and control the projects better
- • Increase project managers’ personal effectiveness
- 1 - Getting Started with Project Management. Describe a Project. ...
- 2 - Initiating a Project. Determine the Scope of a Project. ...
- 3 - Planning for Time and Cost. ...
- 4 - Planning for Project Risks, Communication, and Change Control. ...
- 5 - Managing a Project. ...
- 6 - Executing the Project Closeout Phase.
What are the basic steps of project management?
Scope of Standards Developing Activity
- A Guide to the Project Management Body of Knowledge (PMBOK® Guide)
- The Standard for Program Management
- The Standard for Portfolio Management
- Organizational Project Management Maturity Model (OPM3®)
- Practice Standard for Project Risk Management
- Practice Standard for Earned Value Management
- Practice Standard for Project Configuration Management
What are the essentials of project management?
The project will generate $50 million in essential funding for the South Street Seaport ... These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future ...
What are the 5 principles of project management?
- Aleatory Uncertainty, creating risk, can only be handled with Margin. Cost, Schedule, and Technical Performance margin.
- Epistemic Uncertainty, creating risk, can be handled with risk buy down activities shown in the schedule
- Ontological Uncertainty cannot be handled and requires a Plan B when the risk appears and turns into an Issue
What is basic project management?
The Basic Principles of Project Management
- Project Structure. Project management typically revolves around three parameters – Quality, Resources, and Time. ...
- Definition Phase. The definition phase is where many projects go wrong. ...
- Clear Goals. ...
- Transparency About the Project Status. ...
- Risk Recognition. ...
- Managing Project Disturbances. ...
- Responsibility of the Project Manager. ...
- Project Success. ...
- Conclusion. ...
What are the five major project management fundamentals?
The five major project management fundamentals that the systems analyst must handle are (1) project initiation—defining the problem, (2) determining project feasibility, (3) activity planning and control, (4) project scheduling, and (5) managing systems analysis team members.
What are the four fundamental aspects of project management?
To simplify our terminology for traditional projects, let us agree to call the sequence of the four phases, definition, planning, implementation, and closure the "project management process".
What is project and basic fundamentals of project?
A project consists of five different phases: initiation, planning, execution, monitoring and controlling, and closure. Planning is the second phase of the project life cycle, where a plan after the initiation phase is made so the process of execution may begin.
What are the five stages of the project life cycle?
There are 5 phases to the project life cycle (also called the 5 process groups)—initiating, planning, executing, monitoring/controlling, and closing. Each of these project phases represents a group of interrelated processes that must take place.
Is one of the project management fundamentals?
plan for time and cost. plan for project risks, communication, and change control. manage a project. execute the project closeout phase.
What are the six principles of project management?
Top 6 Principles of Project ManagementVision and Mission. ... Business Objectives. ... Standards of Engagements. ... Intervention and Execution Strategy. ... Organizational Alignment. ... Measurement and Accountability.
What is project management plan?
It is a document that gives the project manager their direction throughout the project, thereby aiding in decision making and establishing to the stakeholders how the project will be managed . Thus, it manages the stakeholder’s expectations. But most importantly, it communicates to the project sponsor, who is usually the project manager’s boss, how the project will be managed. Thus, it can also be a career-changer.
What is the name of the person who handles the day-to-day administration of the project and project team?
They can be internal or external to the organization carrying out the project. Project Manager. The person that handles the day-to-day administration of the project and project team, and is directly accountable for its success. Large projects can be managed by a project management team. Project Team.
What is an organizational chart?
It is often a part of a strong project management plan, when the project team is spelled out as well as their roles and responsibilities. Organizational charts can provide overall perspective. Additionally, the project manager, project sponsor, and other stakeholders on the organizational level could be identified.
What are the phases of PMBOK?
The foundation upon which the PMBOK is built consists of the five phases that every project goes through: Initiating. The tasks required to authorize, fund and define the project, generally on the organizational level (above the project). The organization defines a business need the project is meant to satisfy.
Is project management a technical field?
Project Management is a unique field in that people generally don ’t choose it as an initial career path. They enter via the back door through a technical field, or they want to learn project management theory with the goal of advancing into the role. For this reason, many people who practice project management are generally not well equipped with project management fundamentals.
What is project management?
Project management is any oversight that a project receives, from outline through to completion. That means that the job of a project manager is ongoing and requires a lot of attention. There are many project management principles, but the main purpose is to create a project plan. This will include the procedures and processes necessary to get ...
What is the final principle of project management?
Team management. The final major principle of project management is the ability to manage. As a project manager, you will have to view the project at a macro and micro level. Your responsibilities will require that you work closely with your team.
Why is it important to create a project management framework?
Creating a framework that reinforces the main project management principles will give your team the freedom to innovate and keep things running smoothly. On a grander scale, effective project management means being able to apply those principles and processes into a framework.
Why is quality assurance important in project management?
That’s why quality assurance is another major part of project management. It is important to have regular check-ins and an understanding of the project’s overall needs.
How can you understand project management?
How you can easily understand project management fundamentals and fit it into a company framework. The fundamentals of project management cover a wide variety of responsibilities. Project managers must balance the scope, timeline, risks, and quality.
How many hours does it take to master project management?
What are the project management fundamentals. They say it takes 10,000 hours of practice to truly master a new skill – and project management definitely falls into the “practice makes perfect” category. Mastering the project management fundamentals takes time due to the differing detail of every project. Whether you’re a seasoned manager ...
Why is flexibility important for project managers?
Being flexible is a must for project managers. If you keep a close eye on the project’s progression, you’ll be able to quickly update the plan and take an alternate direction if needed. The longer a project takes to complete, the more likely it is to run over the budget.
What is a project?
Across this website, we use the following definition of the term "project":
What is project management?
Definition of project management: Project management is the management of the triple constraint to the satisfaction of the stakeholders of the project. We consider project management being a process which we describe more detailed in PM Process.
Project life cycle
Let's take an example, a typical construction project. We have a customer who wants to create a certain building and a supplier who will construct that building. Now, we can list the natural flow of major project activities as follows, divided into customer activities and supplier activities.
Ideal vs. real
We go through more detailed descriptions of these four phases on separate pages:
What are the skills required for project management?
If you stop to consider some of the skills project managers possess including leadership, prioritization, resource and risk management, and strategic direction, ...
Is Project Management Fundamentals guaranteed to run?
Guaranteed To Run. All Project Management Fundamentals courses are 100% guaranteed to run on the dates listed. Yes, even if there's only one student. While other providers often postpone courses due to low enrollment, we promise to never do that.
Definition
Organization of A Project
- All projects have the following four roles, even if some of them are assumed by the same person: 1. Project Sponsor. One level above the project manager, this person is the organizational contact for the project. They often deal with funding the project, providing resources and support and are usually accountable for project success. They can be internal or external to the organization carr…
Phases of A Project
- The foundation upon which the PMBOK is built consists of the five phasesthat every project goes through: 1. Initiating. The tasks required to authorize, fund and define the project, generally on the organizational level (above the project). The organization defines a business need the project is meant to satisfy. 2. Planning. The project management...
Knowledge Areas
- The five project phases (i.e. process groups) are roughly in chronological order, but within each phase are various parts of different “knowledge areas.” Thus, the ten knowledge areasare encountered at various times during a project. The knowledge areas are: 1. Project Integration Management. The stuff that doesn’t fit in any other category, like developing the project manage…
The Project Management Plan
- The project management plan is the central foundation of project management, and as such we will focus a separate section on it. It is a document that gives the project manager their direction throughout the project, thereby aiding in decision making and establishing to the stakeholders how the project will be managed. Thus, it manages the stakeholder’s expectations. But most im…
The Other Documents
- For larger projects there are additional documents that the project manager uses to manage the project, and are appropriate for the project management plan: 1. Project Charter Optional for small projects, this document authorizesthe project manager, outlines funding status, and provides an overview of the project from the organizational point of view. 2. Status updates Since a project h…
What Is A Project?
Project Life Cycle
- Let's take an example, a typical construction project. We have a customer who wants to create a certain building and a supplier who will construct that building. Now, we can list the natural flow of major project activities as follows, divided into customer activities and supplier activities. The "project life cycle" describes the flow of activities, for both, the customer and the supplier, includi…
Ideal vs. Real
- We go through more detailed descriptions of these four phases on separate pages: 1. go to PM Process 2. go to Project Definition 3. go to Project Planning 4. go to Project Implementation 5. go to Project Closure In this section, fundamentals of project management, we would like to emphasize some aspects of the project cost. During the first two pha...
What Are The Reasons For This Phenomenon?
- We know already the overall reason: the principle of uncertainty in project management. Experience with having managed many projects, from small to medium, to large, show us more tangible reasons in the following areas: 1. Poor planning results because those who do the planning (usually the sales team) are not experienced in managing project implementation and c…