This article is for the beginners who want know about Project Management. Here you can find the fundamental information which will help you to explore this field further. The purpose of this article is create a simple and better understanding of the project linking to Project management
But, before learning about the project management, we must know the concept of a project.
What is a Project?
A complex, non-routine, one-time effort limited by time, budget, resources and performance specifications designed to meet customer needs.
A project is a temporary endeavor undertaken to create unique product, service, or result.
Projects and Strategic Planning
Projects are utilized as a means of achieving an organization's strategic plan.
Typically authorized as a result of one or more of the following activities:
Â· Market Demand
Â· Organizational Need
Â· Customer Request
Â· Technological advance
Â· Legal Requirements
Major Characteristics of a Project
Every project has a definite beginning and a definite end. The end is reached when the project's objectives have been achieved, or it becomes clear that the project's objectives will not or cannot be met, or the need for the project no longer exists and the project is terminated.
An established / well defined objective
Project has a defined objective, such as construction of a 12-story apartment complex by December 31, 2010 or releasing version 2.0 of a specific software package.
Unique Products, Services or Results
Project creates unique deliverables, which are:
Â· Product that is produced
Â· Capability to perform service
Â· Result, such as, outcomes or documents.
A defined life span with a beginning and an end
Because there is a specific objective, projects have a defined endpoint, which is contrary to the ongoing duties and responsibilities of traditional jobs. Individuals move from one project to the next as opposed to staying in one job.
Usually involves several departments and professionals
Unlike much organizational work that is segmented according to functional specifications, projects typically require the combined efforts of a variety of specialists. Instead of working in separate offices under separate managers, project participants work closely together under the guidance of project manager to complete the project.
Typically doing something that has never been done before
It is not routine and involves unique elements to some degree. Many thousands of office buildings have been developed, but each individual facility is unique â€“ different owner, different design, different location, and different contractor and so on. The presence of repetitive elements does not change the fundamental uniqueness of the project work.
Specific time, cost and performance requirements
Specific time, cost and performance requirements bind projects. Projects are evaluated according to accomplishment, time, and cost.
These triple constraints impose a higher degree of accountability. They also highlight one of the primary functions of project management, which is balancing the trade-off between time, cost and performance while satisfying the customer.
These can be further extended to the following constraints