The definition of a Project is: A temporary endeavor undertaken to create a unique product, service, or result. The two most important keywords within that definition are: Temporary: A project has a fixed beginning and end. Because of this, there are two factors that come into play in virtually every project: Time (deadlines) and money (budgets). These two … [Read more...]
Project initiation is the processes under which the project is created and defined to the extent necessary to begin planning the project. This step involves the project setup, and ensures that the performing organization is clear about the purposes and priorities surrounding the project. There are usually certain issues that require setup, like funding or stakeholder … [Read more...]
Like many things in life, project management is an art form as well as a science. But fortunately, a strong knowledge of the science helps you practice the art form with more skill. Although some people are naturally good at the art of project management, I believe that anyone can become a great project manager simply by learning and implementing the fundamentals of … [Read more...]
Before a project even begins, a project charter is a document that incorporates the project and appoints the project manager. Many projects operate without a project charter, even multimillion dollar projects. But the formal authorization of the project by the performing organization can be important to ensure the lines of authority are clear and identify what the … [Read more...]
According to the Project Management Body of Knowledge (PMBOK), the foundation of project management rests upon the five phases that every project goes through: Project Initiation Project Planning Project Execution Monitoring & Controlling Project Closure Project Initiation This process group includes the basic groundwork necessary to create … [Read more...]
A business case is the justification an organization uses for making a decision or undertaking an initiative. Its format can range anywhere from a formal report to an informal presentation or memo. Business cases are the foundation upon which all business is built. New capital projects, process improvement initiatives, growth strategies, and the like are all … [Read more...]
Before a project even begins, a project charter is a document that incorporates the project and appoints the project manager. Many projects operate without a project charter, even multimillion dollar projects. But the formal authorization of the project by the performing organization can be important to ensure the lines of authority are clear and identify what the … [Read more...]
In this first out of five project management processes, the project is created and defined to the extent necessary to begin planning the project. This step involves the project setup, and ensures that the performing organization is clear about the purposes and priorities surrounding the project. There are usually certain issues that require setup, like funding or … [Read more...]
Like many things in life, project management is an art form as well as a science. But fortunately also like most things in life, a strong knowledge of the science helps you practice the art form with considerably more skill. Some people are naturally good at the art side of things, and if that's you then excellent. But even it's not I believe that most people can become … [Read more...]
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 not well equipped with project management … [Read more...]
