Unit-1 Fundamentals of
Project Management
Definition:
Project management
involves planning and organization of a company's resources to move a specific
task, event, or duty towards completion. It can involve a one-time project or
an ongoing activity, and resources managed include personnel, finances,
technology, and intellectual property.
Project management is
often associated with fields in engineering and construction and, more lately,
health care and information technology (IT), which typically have a complex set
of components that have to be completed and assembled in a set fashion to
create a functioning product.
CHARACTERISTICS OF PROJECT
1) A project is typically for a
customer.
2) The project is temporary in nature.
It typically has a defined start and a defined end-point.
3) The project will have a unique set
of requirements that need to be delivered within the boundaries of this
project.
4) A project can typically be more of a
once off endeavour, rather than something that’s happening all the time in a
repeated fashion.
5) A project is not ‘business as
usual’, which is more akin to a process.
6) A project can very often be
cross-functional, or indeed cross-organization.
TYPES OF PROJECT
1) Project scope: This describes the reach and scale of the project. A project scope varies depending on the amount of people
involved and the scale of the impact of its outcomes. Projects can be big or
small depending on the scope.
2) Timeframe: A project’s timeframe is defined from
its initiation or conception until result evaluation. A project’s timeframe can
also be divided into smaller blocks which in themselves have their own
timeframe.
3) Organization: The organization of a project refers to
how tasks and activities are organized and prioritized. The project workflow is
calculated in each individual project to reach objectives. Sin naps project
management and planning tool uses technologies such as PERT and CPM to calculate the workflow
of each project and find its most optimized work path along with various types
of project management tools.
4) Cost: Projects can be expensive or relatively cheap depending on their
overall cost. The Sin naps app allows you to plan your costs along with any
cost updates input by your team in real-time.
5) Communication: What are the types of project that require communication?
Communication is the cornerstone of every project. Among different types of
projects, communication, its frequency and its format can vary.
However, without
effective communication a project will fail. Sin naps allows for the optimization
of communication through online real-time chat between team members and
project managers.
6) Stakeholder Management: Projects can vary depending on the number of stakeholders
involved. Sometimes, the only stakeholders involved in a project are the team
and project manager, but more often than not, there are a wider group of
stakeholders involved. The
more stakeholders, the more complex the management of their expectations and
communication.
7) Task assignation: Within the different types of projects in project management,
there are many different tasks and activities. Projects can vary depending on
how these tasks are assigned to team members- whether they will be completed by
individual members or groups and how responsibilities will be defined.
8) Quality of results: Results of projects vary among the different types of projects.
They can vary depending on each client’s requests.