The Process of Project Management
Project management is a process that is essential for the successful completion of any project. It involves the coordination of resources, planning and execution of tasks, and tracking of progress. Project management is a crucial part of any organization’s success and requires the successful utilization of a number of project constraints.
Chartered Project Management Consultant – ChPMC® (USA)
Applying good project management discipline is a way to help reduce the risks. Having good project management skills does not completely eliminate problems, risks, or surprises. The value of good project management is that you have standard processes in place to deal with all contingencies.
Managing a project includes identifying your project’s requirements and writing down what everyone needs from the project. What are the objectives of your project? When everyone understands the goal, it’s much easier to keep them all on the right path.
Make sure you set goals that everyone agrees on to avoid team conflicts later on. Understanding and addressing the needs of everyone affected by the project means the end result of your project is far more likely to satisfy your stakeholders. Last but not least, as a project manager, you will also be balancing the many competing project constraints.
On any project, you will have a number of project constraints that are competing for your attention. They are cost, scope, quality, risk, resources, and time.
Cost
The cost is one of the most important project constraints and is a major factor in the success or failure of a project. The cost of a project should be calculated in advance and considered throughout the project. It is important to consider the cost of any resources that may be required in order to complete the project.
Scope
The scope is another important project constraint. It involves the definition of what needs to be done in order to complete the project. It also involves the determination of the resources and time that will be required to complete the project.
Quality
The quality is an important project constraint that involves the assurance that the delivered product meets the specified requirements. Quality control measures must be implemented throughout the project and monitored to ensure the quality of the deliverables.
Risk
The risk is another project constraint that should be taken into consideration. Risk management involves the identification and assessment of risks that could potentially impact the project. Risk mitigation strategies should then be implemented and monitored to ensure that any potential risks are minimized.
Resources
Resources are another important project constraint and involve the allocation of resources to the project. This includes personnel, materials, tools, and other resources that are necessary for the completion of the project.
Time
Time is the final project constraint and is the most important of all. A time management involves the effective scheduling of tasks and activities throughout the project. It is essential to ensure that the project is completed on time and within budget.
Summary
Project management is a complex process that requires the successful coordination of resources, planning, and execution of tasks. By properly managing the project constraints of cost, scope, quality, risk, resources, and time, any project can be completed successfully.
