Project Management Definitions

Definitions of Project Management on the Web:

* Project management is the application of knowledge, skills, tools and techniques to a broad range of activities in order to meet the requirements of the particular project. A project is a temporary endeavor undertaken to achieve a particular aim. Project management knowledge and practices are best described in terms of their component processes. These processes can be placed into five Process Groups: Initiating, Planning, Executing, Controlling and Closing. …

* The leadership role which plans, budgets, co-ordinates, monitors and controls the operational contributions of property professionals, and others, in a project involving the development of land in accordance with a client’s objectives in terms of quality, cost and time.

* A controlled process of initiating, planning, executing, and closing down a project.

* Both a process and set of tools and techniques concerned with defining the project’s goal, planning all the work to reach the goal, leading the project and support teams, monitoring progress, and seeing to it that the project is completed in a satisfactory way.

* The application of modern management techniques and systems to the execution of a project from start to finish, to achieve predetermined objectives of scope, quality, time and cost, to the equal satisfaction of those involved.

* Project management is concerned with the overall planning and co-ordination of a project from inception to completion aimed at meeting the client’s requirements and ensuring completion on time, within cost and to required quality standards. Project management is typically carried out either by a private consultant or an employee of the project client.

* Manages the production of projects with schedules and tasks associated with the project. It often involves detailed expertise in many of the following areas: planning, cost management, contract negotiations/procurement, technical writing (proposals, etc.), research, technical development, information/computer management, business development, corporate/administrative management, time management, and others. …

* The methods and disciplines used to define goals, plan and monitor tasks and resources, identify and resolve issues, and control costs and budgets for a specific project.

* May be used in a project manufacturing environment for production scheduling or in a variety of one off projects throughout all types of organisation.

* The action of managing a project. It can involves many activities, from scheduling to communication. Project Management in TOC is outcomes based as opposed to activity based, and TPACC software is an ideal tool used to measure the progress toward the financial outcome.

* Approach used to manage work with the constraints of time, cost and performance targets.

* This is managing the resources needed to ensure that a project is finished on time and within budget and to the satisfaction of the end user. Project managers use tools such as PERT and Gantt charts for scheduling all the tasks that need to be completed. They are conscious of managing time, scope and resources for a project. To reduce time to complete a project the manager might decide to employ more workers which would increase costs. …

* The planning, control and co-ordination of all aspects of a project, and the motivation of all those involved in it, in order to achieve the project objectives.

* Project management is the discipline of defining and achieving targets while optimizing the use of resources (time, money, people, space, etc). Thus, it could be classified into several models: time, cost, scope, and intangibles.

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Project Management activities

Project Management main phases
Project Management main phases (Photo credit: Wikipedia)

Project Management is composed of several different types of activities such as:

1. Planning the work or objectives
2. Analysis & Design of objectives
3. Assessing and controlling risk (or Risk Management)
4. Estimating resources
5. Allocation of resources
6. Organizing the work
7. Acquiring human and material resources
8. Assigning tasks
9. Directing activities
10. Controlling project execution
11. Tracking and Reporting progress
12. Analyzing the results based on the facts achieved
13. Defining the products of the project
14. Forecasting future trends in the project
15. Quality Management
16. Issues Management
17. Issues solving
18. Defect prevention
19. Project Closure meet
20. Communicating to stakeholders