What is Project Management?
AMIT POKHREL, M.S, MIEAust, P.Eng, CAPM®
Helping Clients in managing multiple Energy and Construction Projects l Contract Expert l Bid Management l Certificate Associate in Project Management CAPM® l Hydropower Engineering
What is Project Management?
Project Management is the art to define the scope and objectives of any project to lead and accomplish the same objectives to meet the elements and expectations of the Project Charter.
However, there is a relationship between those project requirements which can give us a snapshot of what, how, and why those elements are required to accomplish the goals.
Based on the knowledge, we can briefly mention that only the triangle relationship is not so important in the project to consider the most valuable element as Cost, time, and quality rather than more specific scope, quality, cost, and time.
In furtherance to that, the project consists of many elements which comprise the project where the modern techniques of the hexagonal relationships will give a complete shape of understanding the project. The above-shown chart explains why, when, and how those requirements are aligned to make the project successful if those were taken into consideration.
There are certain basics for success in project management. As we should know that every project has different project different requirements. For example, development projects shall need to focus on quality requirements.
As already explained above, scope, quality, cost, time, resources, and risk are the six traits of project development. The scope must comprise of product and project where the product means all the thing and the project means all the work and the total scope of the project means the combination of all the things and all the work which comprises of work activities that shall need to be set up with the priorities. Subject matter expertise values the project.
What skills does the Project Manager possess?
As the project manager has the tedious job to handle the projects in a responsible and accountable position, they (he/she) shall be more knowledgeable based on their competency quite enough to deal with several factors where they need to focus and concentrate on the project requirements. As per the PMI Book of Knowledge (PMBOK), the following qualities the project manager has:
As project management theory is a very vague term that consists of planning, scheduling, managing, coordinating, collaborating, leading, communicating, coordinating and so many others.
Project Management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Project Management is accomplished through the use of processes such as initiating, planning, executing, controlling, and closing.
There are five processes in project management which comprises of:
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Based on knowledge areas, the project manager shall be accountable. As subject expertise matters. For example, if we are running a hydropower project where we need an environmental expert whereas when hiring, if we hire the elementary, then it is difficult to convey the team. So, in such a situation, it is not more convincible if we plan to adopt our principles of the project development approach.
10-Knowledge Areas
1) Project Integration Management
2) Project Scope Management
3) Project Time Management
4) Project Cost Management
5) Project Quality Management
6) Project Human Resource Management
7) Project Communication Management
8) Project Risk Management
9) Project Procurement Management
10) Project Stakeholder Management