Project Management Foundations

What is Project Management? Project Management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements . It involves planning, organizing, executing, and controlling resources to achieve specific goals within constraints of time, cost, and scope. What is a Project? A project is a temporary endeavor undertaken to create a unique product, service, or result . Key characteristics: Temporary - Has a defined start and end Unique - Produces something new Progressive elaboration - Details develop over time Resource-constrained - Limited time, money, people What is Project Management? Project management is the discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria . What You Will Learn By the end of this 5-day course, you will be able to: Understand project management fundamentals and the project lifecycle Initiate projects with clear objectives and stakeholder alignment Plan scope, schedule, cost, and resources effectively Execute and lead project teams Monitor progress and manage risks Close projects successfully and capture lessons learned Prepare for project management certification (PMP, CAPM, PRINCE2) The Triple Constraint Every project is constrained by three competing factors : Constraint Description Scope What needs to be delivered Time When it needs to be delivered Cost How much it can cost Key Point: Changing one constraint affects the others. If scope increases, either time or cost must increase (or quality suffers).