Project Management : The Application Of Processes, Methods, Knowledge, Skills, And Experience

With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic, tactical and operational benefits.

Gray, C. F. & Larson, E. W. (2008). _Project Management: The Managerial Process_. Boston, MA: McGraw-Hills Companies, Inc.

The process of Project Management is very detailed – there are multiple phases to properly manage the project (e.g., project plan, schedule, communication plan, risk management plan, and

Project management is the performance based process focus on one o more deliverable. It is the process of identifying a problem or need coming up with possible solution, deciding on the best one and completing the project in a manner that is acceptable to

Project management is defined by BusinessDictionary.com as, “Approach to management of work within the constraints of time, cost, and performance requirements.” Project management requires careful planning and studying all of the factors involved with in the project. Project Managers must first establish the needs of the stakeholders and provide a project plan which includes the cost and time frame the project will be completed. In addition, projects requirements should be clear and concise to ensure the Project Manager stays within

Out of this project management systems RIBA and PMBOK are two systems which are widely

Hillson, D. and Simon, P. (2012). Practical Project Risk Management: The ATOM Methodology. 2nd ed, Tysons Corner, VA: Management Concepts Press.

Project management is managing the work to develop and innovate or even change within an existing operation. There are five steps in this management: Initiating the project, Planning and controlling all activities to keep the project on schedule, executing every phase of the projects process, monitoring/ controlling reviewing and regulating the progress and performance of all phases of the project, Closing process this is where all processes are finalized and completed to officially close the project out.

o Review a case study of an organization applying the PM process groups to manage an IT project. o Understand the contribution that effective project initiation, project planning, project execution, project monitoring and controlling, and project closing make to project success.

Projects can be of different sizes and shapes, from small to extremely large and complex. Different tools and techniques are used for managing a project. Management of a project is quite a challenging task with many difficult and complex responsibilities. But there are many tools present for assisting the project in order to the completion of the task and execution of responsibilities (chapman, 2002). Some of

Several adaptations to the traditional approaches like agile, interactive, phased, extreme, etc have been made but each will be expected to meet the requirements of the project objectives, timeline, resources, and deliveries of the stakeholders. Other industry standard certifications like ISO9000 and regulations like the Sarbanes-Oxley have also influenced methodologies and processes used by several organisations (Kerzner, 2003). Generally, managing projects should involved five major process which include the project initiation, planning, execution, monitoring and controlling, and then project closing. See Fig. 2 below.

Project Management is one of the key features on which the success of a project heavily depends upon. No matter what the type of project whether its IT or an industrial, the techniques, skills, tools and knowledge to meet the final delivery remains a common requirement in all. But it doesn’t mean that they should be applied uniformly on all projects. Here comes the importance of project management methodologies. A methodology is a model, which project managers employ for the design, planning, implementation and achievement of their project

There are several approaches that can be taken to managing project activities including agile, interactive, incremental, and phased approaches.

One thing to keep in mind is that as each of these processes are being done; it could bring new insights into the project which may require some of the previous created project documents to be updated. The processes in the Planning Process Group may be repeated or re-addressed several times as the project progresses. It is also important to note that the outputs of certain processes serve as inputs to other processes within the Planning Process Group. Among all the Process Groups within the project management process, the Planning Process Group contains the most processes. This portrays the significance of this Process Group in respect to the project as a whole. All of these processes work in conjunction to make up the whole Project Management Plan.

Project management is a series of steps taken in sequence to manage a project through all phases from conception to completion. The steps are documented in a strategic plan. The plan is used to ensure that all parties are working towards a common goal. Project management requires applying knowledge, skills, tools and techniques to specific activities in accordance with established standards and guidelines. There are five basic functions of project management: planning, organizing, staffing, directing, and controlling. Basic activities of project management include: identifying project requirements to define the outcomes; addressing various needs, concerns and expectations of others; setting up, maintaining and carrying out communications; managing others; creating project deliverables; and balancing competing project constraints.