PRINCIPLES OF PROJECT MANAGEMENT

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A project is a group of different inter-related activities. It is also known as a task or planned program of work that requires a large amount of time, effort, and planning to complete.

Every project has 3 major constraints namely:

  • Time.
  • Scope
  • Resources

These are some of the basic skills needed by a good project manager. These include:
-Knowledge
-Skills
-Tools
-Techniques

STAGES IN PROJECT MANAGEMENT

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INITIATING
This talks about the idealization of the project. Here we:
1.Develop a business case
2.Identify preliminary stakeholders
3.Develop preliminary scope statements
4.Select project manager
5.Develop project charter.

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PLANNING
After initiating, we then plan by:
1.Defining the scope
2.Re-defining the scope
3.Setting a course of action

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EXECUTING
The executing stage involves:
1.Implementing activities according to plan
2.Implementing change request

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MONITORING AND CONTROLLING
This is done all through the life cycle of the project. It entails:
1.Measuring how well the project was executed in relation to the initial plan (Variance analysis)
2.Tracking key areas of the project
3.Reviewing the project to fix lapses where possible

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CLOSING
This is the final stage of the project. It comprises:
1.End of activities and closing of procurement
2.Celebrating and appraisal of the project team
3.Documentation of the lessons learnt

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Are you ready to manage your project? What would you like to know?

I'd love to hear your comments. :)

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IMAGE REFERENCES

PRINCIPLES OF PROJECT MANAGEMENT | Ecency