customer loyalty | due to consistent results and high quality.increase of positive project outcomes |e.g., quality of deliverable/s, staying in/under budget, completed early/on schedule.The value attributed to well-executed project management includes: Today there are multiple project management methodologies and certifications reflecting the diverse ways project management can be applied to a variety of industries. As project management methodologies were developed and refined, the value of this discipline to both professionals and organizations was evident. failure to consistently meet project goalsĪll of these challenges drove what would become the field of project management.a lack of common terminology within teams.With the increase in project size and quantity, the fundamental challenges of: Project management as a formal discipline grew out of the need to standardize how complex projects could be consistently led. In the 1960s, organizations, in both government and private manufacturing, were taking on not only more complex projects but also multiple complex projects at the same time. Basic Concept 3: The Value of Project Management The skills commonly associated with effective management, such as fostering teamwork, conflict negotiation, and building trust, are greatly valued in project management. However, management and project management have similarities. Management does not have a set number of phases like a project management process, nor does it stop when the project ends. Good management is ongoing and part of business operations. In contrast, basic management is not limited by time or a preset amount of work. Project management is focused on a project with a finite length of time, budget, and scope. Project management is the leadership of a team to complete the specific goals of a project within set deadlines and budgets. But the primary purpose of project management, to guide the work for specific deliverables to occur within a set timeframe and budget, is the same. For example, some project management frameworks have 5 project phases while others have 7 project phases.Īlso, the names and types of project roles vary by methodologies, such as a Scrum Master or Agile Coach used in an Agile project environment. Project management methodologies differ in tools and terminology. Companies may require the use of a specific methodology for their projects and, in some cases, what credentials are expected of project professionals. These methodologies have one or more corresponding professional organizations that set standards and provide related certifications. Plus, some organizations have customized company names for project phases and tools. There are multiple formal project management methodologies, including Agile, Waterfall (Predictive), Scrum, Kanban, Lean, PRINCE2, and Six Sigma. The basics of project management can be described as: “ the use of specific knowledge, skills, tools, and techniques to deliver something of value to people.” Basic Concept 2: What is Project Management? There is no maximum or minimum duration to be a project, but there must be a clear start and stop. However, if a team created a plan to upgrade those machines by a specific date and within a budget, that is a project. For example, the daily maintenance work for cleaning factory machines is part of continuous operations and, therefore, is not a project. Goal: a project is done when the project goals are metĪll work is not a project.Team, Budget, Schedule: a project has an assigned team, budget, and schedule.Unique: a project’s work is different from the ongoing work required to maintain the business and operations.
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