To many, project management represents their worst nightmare. The mere mention of the term conjures images of bloated bureaucracies, large consultant-laden teams, and endless meetings where decisions are seldom made and status is often reported as being behind. Executed properly, project management can be an effective tool for aligning the organization to the successful implementation of simple and complex initiatives.
“A project is a temporary endeavor undertaken to create a unique product, service, or result.”
Project Management Body of Knowledge (Third Edition)
Project Management Institute
An art and a science, project management is most effective when implemented with a rigor correlated to the scope and complexity of the work to be performed. Regardless of intensity, the management of projects consists of five phases:
- Initiate – initial, high-level project definition and authorization
- Plan – project scope refinement and approval; task identification and sequencing; resource to task allocation; schedule development; project cost estimation and budget development; project plan creation and baselining
- Execute – project plan execution
- Evaluate and Control – project plan execution performance monitoring and reporting; project scope and plan change control; project risk management
- Close – final project activity documentation; financial closeout; overall project performance assessment and lessons learned development; product evaluation; project administrative closure
The StrategyDriven Project Management Forum focuses on the leading practices of companies effectively managing projects for the efficient achievement of mission goals. Additionally, all project management information presented is aligned with, compliment, and expound on the project management processes described by the Project Management Institute’s A Guide to the Project Management Body of Knowledge. Subscribing to this forum provides access to its principles, best practices, and warning flags articles and associated documents.