What is Project Management?

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January 31, 2020

What is Project Management?

Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.

Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.

A big difference between ‘project management’ and just ‘management’ is that there is a final product and allotted timespan to complete it in, unlike management alone, which is an ongoing process. Because of this, a project professional needs a wide range of skills — often technical skills, certainly social skills and a good understanding of business.

Project management includes, but is not limited to the following:

  • Developing a project plan which involves:
    • Defining and confirming the project
    • Identifying tasks and quantifying the resources needed
    • Determining budgets and timelines for completion
  • Managing the implementation of the project plan
  • Operating regular ‘controls’ to ensure that there is accurate and objective information on ‘performance’ relative to the plan
  • Implementing recovery actions where necessary

Projects often follow stages such as viability, evaluation, realisation and improvement. There are also often a number of softwares that can aid in making the process faster and better!

Basics of Project Planning

Planning is all about constructive criticism, asking questions, identifying problems and problem-solving.

Skills That Project Managers Should Possess

  • Leadership
  • Negotiation
  • Scheduling
  • Cost Control
  • Critical Thinking
  • Risk Management
  • Communication
  • Contract Management

Define Your Idea of Success

It can be crucial to a project to define the success criteria, and the final goals that are trying to be achieved. Sometimes it can be easy to lose sight of the greater goal, but make note of what success looks like to you. This can help the project run smoother and ensure the job gets done as initially planned.

Resource Allocation

Resource allocation entails identifying the tools and resources you will need to actually get the project done effectively and within the projected timeline! This includes the people you need on board, the funds required, raw materials you may need from others, and much more depending on the scope of the project. It also refers to scheduling and identifying when the resources are needed. Some planners might include budgeting as part of the resource allocation process as well.

Consider Your Risks

Risk management, which is one of the crucial skills every project manager should have,  involves identifying things that may potentially go wrong while carrying out a project and coming up with ways to minimize or manage these risks. 

Contact Dan Arc’s support team today to begin and carry out your desired project! By partnering with us from the very start of your project, you can trust that the job will be completed exactly how you’ve envisioned it. We understand your needs and pride ourselves on the ability to provide quality work for prices you can afford, no matter what your project management needs are!

Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.

A big difference between ‘project management’ and just ‘management’ is that there is a final product, and a unique timespan the final product is completed in unlike management which is an ongoing process. Because of this a project professional needs a wide range of skills; often technical skills, and certainly social skills and a good understanding of business.

Project management includes, but is not limited to the following:

  • Developing a project plan which involves:
    • Defining and confirming the project
    • Identifying tasks and quantifying the resources needed
    • Determining budgets and timelines for completion
  • Managing the implementation of the project plan
  • Operating regular ‘controls’ to ensure that there is accurate and objective information on ‘performance’ relative to the plan, 
  • Implementing recovery actions where necessary.

Projects often follow stages such as viability, evaluation, realisation and improvement. There are often a number of softwares that aid in making things faster and better.

Basics of Project Planning

Planning is all about constructive criticism, asking questions, identifying problems and problem-solving.

Skills That Project Managers Should Have

  • Leadership
  • Negotiation
  • Scheduling
  • Cost Control
  • Critical Thinking
  • Risk Management
  • Communication
  • Contract Management

Define Your Definition of Success

It can be crucial to a project to define the success criteria, and the final goals that are trying to be achieved. Sometimes, it may be easy to lose sight of the greater goal, but keeping note of what success looks like to you in regards to the project makes it easier to get the job done.

Resource Allocation

Resource allocation means identifying things we need to actually get the project done effectively and within the projected timeline. This includes people you need on board, the amount of money needed, the raw materials you may need from others, and much more depending on the project. It also refers to the scheduling and identifying when the resources are needed. Some planners might include budgeting as part of the resource allocation process.

Think About Your Risks

Risk management, which is one of the crucial skills every project manager should have,  involves identifying things that may potentially go wrong while carrying out a project and coming up with ways to minimize or manage these risks. 

Contact Dan Arc’s support team today to begin and carry out your desired project. By partnering with Danarc Inc. from the very start of your project, you can trust that the job will be completed exactly how you’ve envisioned it. We understand your needs, we pride ourselves on the ability to provide quality work for prices you can afford, no matter what your project management needs are.

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