Project Management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. The profession of project management includes the application of many skills, which include: Dividing the project into tasks Creating schedules (deadlines) Estimating budgets Determining project scope Communicating with … [Read more...]
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...]
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...]
Lean Project Management is the application of lean concepts to project management methodologies. Lean is a method used in the manufacturing industry which results in significant increases in product quality and production efficiency. Project management, on the other hand, seeks to produce one single product or service (or just a few) while satisfying stakeholders … [Read more...]
The Project Management Institute (PMI) defines project management as follows: The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. The profession of project management includes the application of many skills, which include: Dividing the project into tasks Creating schedules (deadlines) Estimating … [Read more...]
The Project Management Institute's (PMI) definition of a project is considered by many to be the official definition: A temporary endeavor undertaken to create a unique product, service, or result. Two words within that definition are the key to understanding what a project is and isn't: Temporary: A project has a distinct beginning and end. The muddier these … [Read more...]
