The purpose of a project is to solve a 'problem' and satisfy a current and/or a future need. A project involves people, activities, resources and has a specific timeframe, a start and end date. Hence, for a project to be successful, it needs to be managed accordingly.
What is Project Management?
You can define project management as follows:
Project management is the orchestration of specifically defined set of actions, so that the planned objectives are achieved.
The set of actions needs to be produced
- by a certain time
- to a defined quality
- with a defined level of resources
A project planning session in action.
Project management is crucial to any project success as it prepares you to deal with all possibilities that may occur. The goal is to complete the project on time, within budget and to the agreed quality.
Moon Life Cycle - A Project Around The Earth
A typical project lifecycle involves the following phases:
- Controlling, Monitoring, Reviewing
Did your projects have similar phases?
Reflect on your previous projects and think of the different phases you went through. In lesson 2, we will explore the project phases in more detail.
END OF LESSON 1