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Understanding Project Management Essentials

A project is defined as a temporary and unique endeavor with a specific goal, requiring a diverse team often from different organizations. Project management involves applying knowledge, skills, tools, and techniques to ensure projects meet their requirements, and it has evolved into a distinct profession since the mid-20th century. The PMBOK® Guide outlines five project management processes and ten knowledge areas, emphasizing the strategic importance of project management in organizations.

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77 views2 pages

Understanding Project Management Essentials

A project is defined as a temporary and unique endeavor with a specific goal, requiring a diverse team often from different organizations. Project management involves applying knowledge, skills, tools, and techniques to ensure projects meet their requirements, and it has evolved into a distinct profession since the mid-20th century. The PMBOK® Guide outlines five project management processes and ten knowledge areas, emphasizing the strategic importance of project management in organizations.

Uploaded by

Mbdin Institute
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

A project is 

temporary in that it has a defined beginning and end in time, and


therefore defined scope and resources.
And a project is unique in that it is not a routine operation, but a specific set of
operations designed to accomplish a singular goal. So a project team often
includes people who don’t usually work together – sometimes from different
organizations and across multiple geographies.
The development of software for an improved business process, the
construction of a building or bridge, the relief effort after a natural disaster, the
expansion of sales into a new geographic market — all are projects.
And all must be expertly managed to deliver the on-time, on-budget results,
learning and integration that organizations need.
Project management, then, is the application of knowledge, skills, tools, and
techniques to project activities to meet the project requirements.
It has always been practiced informally, but began to emerge as a distinct
profession in the mid-20th century. PMI’s A Guide to the Project Management
Body of Knowledge (PMBOK® Guide) identifies its recurring elements:
Project management processes fall into five groups:

1. Initiating
2. Planning
3. Executing
4. Monitoring and Controlling
5. Closing

Project management knowledge draws on ten areas:

1. Integration
2. Scope
3. Time
4. Cost
5. Quality
6. Procurement
7. Human resources
8. Communications
9. Risk management
10. Stakeholder management

All management is concerned with these, of course. But project management


brings a unique focus shaped by the goals, resources and schedule of each
project. The value of that focus is proved by the rapid, worldwide growth of
project management:

 as a recognized and strategic organizational competence


 as a subject for training and education
 as a career path

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