Project Management Is a Set of Practical Skills and Understanding Managers Use to Complete a Project

Project Management Body of Knowledge is an American National Standard Institute (ANSI) standard first published by the Project Management Institute (PMI) as a white paper in 1983. It is a guide that describes best practices used to manage a project efficiently and acts as a foundation for a sound project management methodology, yet it cannot be a method without adaptation.

In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.

The element of management that specifically associated with the management of the projects is known as Project Management. Inevitably, the stance of project management can be extremely productive and effective for the organizations in particular (Bolles D & Hubbard, 2007). Most of the organizations are now looking forward to consider New

Project Management is quickly becoming a field of study and importance in the business world. A search on the Internet of the title “Project Management” yields hundreds or results including forums, training manuals and job openings for related positions. Project Management is a broad term referencing the necessary steps taken by management to ensure a product is feasible before and during implementation. According to Project Management Learning Objectives, the steps to achieve success in this area include: testing and measuring products, evaluating and managing the product cycle, comparing costs and benefits, measuring product worth, economic analysis, product analysis, teambuilding and leadership, and budgeting

1. Initiating and planning the project 2. Executing the project 3. Controlling the project 4. Closing the project

Project is a temporary task undertaken to produce certain unique good or service with a defined beginning and end and also performed to meet unique goals and objectives in order to bring up desired beneficial change. Project management is therefore defined as an application of knowledge or skills or techniques to project activities in order to accomplish the established requirements. Project management constitutes certain processes and activities which include planning, implementing, monitoring, and controlling. A project manager who not only possess strong leadership skills but also consistently display competence in the key skills and qualities explained below, are critical factors to any project activity and significantly raises the achievement of the projects undertaken. A strong and committed project manager is of equal importance with consistently successful project management. However, according to (Northouse, 2013), the management and leadership qualities that are required by project managers for efficiency and effectiveness of project output and the project team are;

Project management is not only useful in the working environment, but it could also become great skills that can be used for all life projects that we do through out our life.

Project management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements.

Project management is an essential tool which benefits businesses. There are numerous positions relating to it, but is it enough to categorize it as a profession? The introduction will provide some essential definition and remind us what is the project management about. Then, I will develop two opposed point of view on this matter, the first one answering negatively and the second one positively to the question asked above. The outlook will be defined progressively by providing some elements required to be a project management practitioner, while keeping in mind the two current of thoughts.

As defined by the PMBOK, Project Management is “the application of knowledge, skill, tools and techniques to project activities in order to meet stakeholder’s needs and expectations from a project.”(Rory Burke 2006)

The Project Management Plan (PMP) provides the general overview and establishes specific strategies and milestones for the preparation of study notes and delivery of presentation on the topic “Developing the Project Team “. The PMP will define the project 's requirements and expectations. This document will be updated as required, if there is any change in the subsidiary management plans.

With aspiration of becoming a project manager, the information pertained throughout this course served as a great guide to being an effective project manager. Being effective is the best route in ensuring a successful project. It is critical that the project is managed effective from the beginning of the business project. While the success of a project is never guaranteed, project managers have better chances with implementing the tools discussed from this course. I will first discuss the importance of project management to the business world. In addition, the different components of project management such as project life-cycle management, project organizations, team building, work breakdown structure and the use of project management software are some of the implement to be discussed as well. The software comes with the benefits that can be provided to a project management organization.

There are five major independent groups which sequentially perform during the execution of the project. Base on the PMBOK, the scope of them will be listed below:

PMBOK helps all members of the organization or the project management team to perform their function effectively. Under normal circumstances, one department of a company may response for a specific process in one way while other department implements different steps. PMBOK provides a framework to every department so that every unit can efficiently focus on their part of project.

An effective project management approach is key to obtaining successful projects. In this study, a review of the