29 Facts About Project management

Project management is the process of leading the work of a team to achieve all project goals within the given constraints.

Objective of project management is to produce a complete project which complies with the client's objectives.

In many cases, the objective of project management is to shape or reform the client's brief to feasibly address the client's objectives.

Project management is a temporary and unique endeavor designed to produce a product, service, or result with a defined beginning and end undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value.

Two forefathers of project management are Henry Gantt, called the father of planning and control techniques, who is famous for his use of the Gantt chart as a project management tool ; and Henri Fayol for his creation of the five management functions that form the foundation of the body of knowledge associated with project and program management.

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Project management's work is the forerunner to modern project management tools including work breakdown structure and resource allocation.

Project management became recognized as a distinct discipline arising from the management discipline with the engineering model.

The information technology industry has evolved to develop its own form of project management that is referred to as IT project management and which specializes in the delivery of technical assets and services that are required to pass through various lifecycle phases such as planning, design, development, testing, and deployment.

Biotechnology project management focuses on the intricacies of biotechnology research and development.

Localization project management includes application of many standard project management practices to translation works even though many consider this type of management to be a very different discipline.

Common among all the project management types is that they focus on three important goals: time, quality, and cost.

Critical chain project management is an application of the theory of constraints to planning and managing projects and is designed to deal with the uncertainties inherent in managing projects, while taking into consideration the limited availability of resources needed to execute projects.

Lean project management uses the principles from lean manufacturing to focus on delivering value with less waste and reduced time.

Project production management is the application of operations management to the delivery of capital projects.

Traditionally, project management includes a number of elements: four to five project management process groups, and a control system.

In turn, recent research in project management has questioned the type of interplay between contracts and integrators.

Construction document Project management is a highly important task undertaken with the aid of an online or desktop software system or maintained through physical documentation.

Project management control is that element of a project that keeps it on track, on time, and within budget.

Project management control begins early in the project with planning and ends late in the project with post-implementation review, having a thorough involvement of each step in the process.

Project management complexity is the property of a project which makes it difficult to understand, foresee, and keep under control its overall behavior, even when given reasonably complete information about the project system.

Benefits from measuring Project management Complexity is to improve project people feasibility by.

Project management manager needs to understand the order of execution of a project to schedule the project correctly as well as the time necessary to accomplish each individual task within the project.

Project management Managers tend to have multiple years' experience in their field.

Key project management responsibilities include creating clear and attainable project objectives, building the project requirements, and managing the triple constraint for projects, which is cost, time, quality and scope for the first three but about three additional ones in current project management.

Project management manager is often a client representative and has to determine and implement the exact needs of the client, based on knowledge of the firm they are representing.

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The project management is said to be successful if the given project is completed within the agreed upon time, met the agreed upon scope and within the agreed upon budget.

Risk management applies proactive identification of future problems and understanding of their consequences allowing predictive decisions about projects.

Project management network is a temporary project formed of several different distinct evolving phases, crossing organizational lines.

Project management software is software used to help plan, organize, and manage resource pools, develop resource estimates and implement plans.