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What is Project Management

What is Project Management?
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Managing a project entail, but is not limited to, the following:

Requirements identification.

Considering the diverse demands, concerns, and expectations of stakeholders throughout the project’s development and execution.

Establishing, sustaining, and executing active, effective, and collaborative communications among stakeholders.

Managing stakeholders to make sure the project requirements are met, and the deliverables are made. Balancing project constraints without being in conflict with one another.

What are the project constraints?

Scope

Quality

Schedule

Budget

Resources

Risks

What is Project Management
Project Constraints; ProjectCubicle

What is a Project Management Office?

A project management office (PMO) is a management organization that standardizes project-related governance processes and allows for the sharing of resources, methodologies, tools, and techniques.

A PMO’s responsibilities might range from providing project management support to directly managing one or more projects.

What are the three key areas where project managers should concentrate for their career advancement?

Knowledge

If you keep an eye on what’s happening in the field of project management, you may learn from everyone’s achievements and failures in order to improve your performance.

Performance

It is not sufficient to understand what has to be done; you must also perform. This means simply keeping one’s nose to the grindstone and performing quality work.

Personal Skills

Because you are managing people, you must be aware of what inspires them and what makes life more difficult for them. As a project manager, your role is to establish personal ties with your team and to keep everyone on track.

What is business value?

Each organization’s definition of business value is unique.

The overall value of all tangible and intangible parts of a business is defined as its business value.

Who is a project manager?

The project manager is the individual designated by the performing organization to head the team in charge of attaining the project’s objectives.

What is the role of a project manager?

  • Compile requirements for the product.

Almost always, being a project manager entails determining what to create. It’s one of the initial steps you take while beginning the project’s planning phase. However, as time passes, you continue to learn. This may necessitate changes to your product at times, while other times it may simply entail more information about what you already know.

  • Manage the expectations of stakeholders.

Most projects involve a large number of people: the team that performs the work, the people who pay for it, everyone who will consume the product once it is completed, and anybody who may be influenced by the project along the way. These individuals are referred to as stakeholders. Additionally, a significant portion of the PM’s work is connecting with everyone and ensuring their demands are addressed. The sponsor is a critical stakeholder. This is the individual who provides the project with financial and political support.

  • Handle project constraints.

There will be limits on the project that you will have to cope with at times. You may begin a project and be advised that it cannot exceed $300,000 in cost. Or it must be completed by the May trade exhibition. Alternatively, you can only accomplish it if you can find a single programmer to complete the work. If you don’t plan ahead of time, a competitor will almost certainly beat you to it. Such limits make the job more difficult, but it’s all in a day’s tasks of a PM.

What is Project Management?
Role of a Project Manager; pmis

What are the 9 knowledge areas of Project Management?

  • Risk

Preparing for potential events (both positive and negative) and dealing with them when they occur.

  • Quality

Ascertain that you are developing the appropriate product and that you are doing it efficiently.

  • Scope

Defining the scope of work that will be performed on the project (and what will not be).

  • Procurement

Contract definition and selection of a contractor to perform work on the project.

  • Communication

Determine who should communicate with whom in order to keep everyone updated on your project’s progress.

  • Time

Calculating how long it will take to finish the project and meeting the deadlines set for the project.

  • Integration

Keeping everyone focused on the same goal and adapting to change.

  • Cost

Budgeting for your project and keeping track of your expenditures.

  • Human Resources

Recruiting and motivating those who will perform the work.

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