What is project management?

Posted November 11, 2016

What is project management?

Definition “Project management is the application of processes, methods, knowledge, skills and experience to achieve the project objectives.”

General
A project is a unique, transient endeavour, undertaken to achieve planned objectives, which could be defined in terms of outputs, outcomes or benefits. A project is usually deemed to be a success if it achieves the objectives according to their acceptance criteria, within an agreed timescale and budget.

The core components of project management are:

  • Defining the reason why a project is necessary
  • Capturing project requirements, specifying quality of the deliverables, estimating resources and timescales
  • Preparing a business case to justify the investment
  • Securing corporate agreement and funding
  • Developing and implementing a management plan for the project
  • Leading and motivating the project delivery team
  • Managing the risks, issues and changes on the project
  • Monitoring progress against plan
  • Managing the project budget
  • Maintaining communications with stakeholders and the project organisation
  • Provider management
  • closing the project in a controlled fashion when appropriate.