Mastering the basics of project management: what a project really is?

To successfully manage a project, you first need to understand what a project really is. After all, if you’re in charge you should have a firm grasp of what you are in charge of. Let’s take a look at some of the six key components of any project:

  • A project needs a specific goal. You don’t just get together, do some work, and see what happens. Maybe you do, but that is why project management is needed! Project management is a combination of techniques, procedures, people, and systems focused on the successful completion of a project. It is also a discipline that will support the planning, implementation, tracking, and control of projects.
  • A project has a time frame. Projects have a specific and determined beginning and an end, they do not continue endlessly. This is different from an ongoing task that doesn’t have an end date. Projects are run by people and often involve different parts of an organization.
  • A project has a final outcome or result. For better or for worse, each project produces specific results.
  • A project has a budget and requires resources.Resources may include skilled individuals, reference materials, special equipment, information systems, or other tools of the trade. The project team consists of the full-time and part-time resources assigned to work on the deliverables of the project all of who will help achieve the project objectives.
  • A project requires a plan of action defining what needs to be done, when, and by whom.Plans, procedures, schedules, software programs, and various systems for tracking the work that is being done may all be necessary to keep your project on course.
  • Projects can be evaluated on their own. Apart from other tasks and chores you may perform at your job or in your daily routine, a project stands on its own to be evaluated by one person or by many people.

As a project manager, you need to put all of the pieces to work together. You are the person who is responsible for get the specific end result. It is up to you, as project manager, to see that the project is completed on time and on budget and achieves the anticipated results.

Good project managers are able to look at and understand the big picture. They know what needs to be done and can assemble and motivate they team to complete the vision. They can also determine the shortcomings — or potential shortcomings — that must be dealt with to keep a project on track. A project manager may also determine that a project is simply impossible to complete.

Successful professional project managers can make a great deal of money by pulling together all of the pieces of the project puzzle for large-scale, often complicated, undertakings. Even if you’re not planning on a career in project management, these skills will be helpful in many aspects of your business and personal life.

A project is defined as a unique effort that has a definitive and specific beginning and end. Many projects can support a similar goal, creating a program or a group of related projects. In this articles series we will talk about several project management rules and aspects. Be prepared for the battle ahead!

11 thoughts on “Mastering the basics of project management: what a project really is?

  1. Pingback: Mastering the Basics of Project Management: the Project Scope « Nelson Biagio Jr

  2. Valuable information and also excellent layout you got here! I would just like to thank you for sharing your thoughts and also time into your stuff you post!! Thumbs up

  3. Pingback: Mastering the Basics of Project Management: The Complete Series (until now) | Nelson Biagio Jr

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  7. Pingback: Mastering the Basics of Project Management: The Complete Series [Updated on March 25th, 2013] | Nelson Biagio Jr

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