Description

What is project management in simple words?

Project management involves the 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.

What is the main purpose of project management?

The purpose of project management is to foresee or predict as many dangers and problems as possible; and to plan, organise and control activities so that the project is completed as successfully as possible in spite of all the risks.

What are the three pillars of project management?

The triple constraint theory, also called the Iron Triangle in project management, defines the three elements (and their variations) as follows: Scope, time, budget.

What you'll learn

What are the 7 steps of project planning?

Seven Steps to Successful Project Planning

• Think of your plan as a roadmap for stakeholders. ...
• Break the project into a list of deliverables. ...
• Talk to your team. ...
• Identify risks. ...
• Create a budget. ...
• Add milestones. ...
• Set progress reporting guidelines.