What is Project Management

What is Project Management?

Project management is a system of
management procedures,
practices,
technologies,
skills, and
experiencethat are necessary to successfully manage a project.

Project Characteristics

• One clear objective

A well defined set of end results, Goal oriented End product or service must result

• Finite

Fixed timeline, start date, end date, milestone dates

• Limited

Budget, Resources, Time

• Life Cycle

Recognisable sequence of phases

• Uniqueness

No practice or rehearsal, one time set of events

• Interdependences (source of conflict)

Cross-functional, cross-project, cross-activity

• A team of people

Non trivial number
Cross-functional origins, interests & allegiances

• Divisible into subtasks (called activities)

Often numerous, essentially unique and non-repetitive Sequenced by precedence relationship Require careful co-ordination and monitoring