Project Management Courses – Providing the Components For Success

Project management is the art of simultaneously organizing and managing the various interconnected components that make up a project. The principles of effective and efficient project management are the same, despite the different functions it may encompass, including product development, launching a new product, running a marketing campaign, or redeveloping a community area. There are countless sources of literature on aspects, components, and functions of project management, with the consensus focusing on key interconnected elements, including resources, time, money, and scope, that need to be managed and coordinated to ensure project goals are met Money budgets and deadlines.

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The basics of project management can be divided into five sections: project definition, project planning, project implementation, project control and project closure. The project definition process establishes goals and objectives, including the development of project outcomes and desired outcomes from a specified set of activities, working closely with commercial sponsors and other stakeholders with a legitimate interest in the project undertaking.

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The planning phase includes the detailed description of all activities and tasks, how they are related, the completion schedule and the dependencies of certain tasks that require achievement of milestones in previous activities before they can be started. An important aspect of this phase is defining the requirements to complete the project, determining how many resources are required, the costs involved, and any other requirements that are deemed necessary. It identifies risks and project limitations and creates contingency plans to address any of these potential issues.

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When the project is carried out, the team required to implement the goals and results is formed, resources and budgets are allocated. As work begins, the next phase of project governance determines a project manager’s success or failure, as it requires constant monitoring and adjustment of project plans to reflect actual elapsed time for each task to ensure progress of the tasks involved. Technological advances have greatly assisted the project manager in this role, with the use of Microsoft Project
facilitating almost all administrative aspects. .At the end of the project, the team meets to discuss the final results and the ultimate success of the project.

There are many skills required to become a successful project manager, as well as industry standards that must be met. The globally recognized Project Management Body of Knowledge (PMBOK) provides the basics of project management.