Basic Project Management

Basic Project Management

IntroBooks #599

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Preface

Project management – to many people, it sounds like a project manager who is constantly pushing his team members to work and reporting to stakeholders overly optimistic news. That’s not the truth and in fact, PMBOK (Project Management Body of Knowledge) by PMI (Project Management Institute) has done a great job in defining the key people, knowledge areas and phases of a project. Project management is a very complex job that involves a lot of responsibilities. They have to keep the team as one and purposefully directed, they also have to keep their stakeholders updated, and have to be quick on their feet to think of a way out in times of distress.

For a project to be declared successful and provide satisfying results to stakeholders, the basis of project management here will help you get started with what to do.

Summary

Project management is a very complex knowledge area that has to be mastered, especially for project-based companies. Every phase of a project is important, despite the fact that you might have seen how project managers may skip a stage or two. Simply ‘experience’ does not cut it. PMBOK by PMI clearly defines at least 5 process groups that every project typically has and 10 knowledge areas that spread throughout the 5 stages. Every project also has 4 different key people that are directly affected by the project: the sponsors or investors, project manager, team members and stakeholders. The sponsors or investors are people who fund the project in any form. It could be in the form of monetary support, basic materials provision, human assets, equipment, tools or anything at all that provides the project with what it needs. These people are also stakeholders, people who have an interest in