1. PROJECT MANAGEMENT
Project management involves a variety of skills and we'll discuss these over the length of this course, including
project planning, the management of resources, and how to lead a team.
The same m
...
1. PROJECT MANAGEMENT
Project management involves a variety of skills and we'll discuss these over the length of this course, including
project planning, the management of resources, and how to lead a team.
The same methods that are used to manage the design of airplanes can also be used to remodel a house,
plan a wedding, or learn a new language. All of these can be the results of a well-managed project.
EXAMPLE The design of a software application is an example of a product deliverable.
So what is a project? A project has a defined start date and end date. Sometimes the end date is specified by
factors external to the project, such as products that must be ready by a certain time of year. And sometimes it
is defined during the project scheduling phase.
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The result of a project can benefit an organization, such as a marketing plan for a new model of a car. Or
individuals, such as a method to apply for a new car loan.
And finally, a project has a specific budget. Just as with a schedule, a budget might be determined before the
project starts, or it might be the responsibility of the project manager and his team to establish the budget.
There are some instances where a project won't have a budget. The project cost might be limited by other
means, such as limiting the number of people on the project, for example. Or it might have been determined
that the results of the project are necessary no matter what the cost. Now that we've defined projects, we
need to discuss how they differ from operations.
BIG IDEA
Remember, a project has a specific start, specific end date, and a defined budget.
TERM TO KNOW
Project Management
The process of planning, managing resources, and leading a team to achieve identified goals.
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