What is a project?

It is a temporary endeavor undertaken to create a unique product or service. Projects are

  1. Unique
  2. Temporary in nature
  3. And termed successful when they meet or exceed the stakeholders’ expectations.

What is project management?

This is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. It is accomplished through the use of the following processes

  1. Initiating
  2. Planning
  3. Executing
  4. Monitoring and controlling
  5. Closing

Projects are divided into the above phases to provide better management control with appropriate links to the ongoing operations of the performing organization. These phases are collectively known as the project life cycle.

It is the responsibility of the project manager to deliver projects while balancing the following constraints:

  1. Scope
  2. Schedule
  3. Quality
  4. Resources
  5. Customer satisfaction
  6. Risk

These are all intertwined in the sense that, a change in one will certainly cause a change in one or more of the others.

Why we need project management?

To effectively manage projects and drive them to success. Project management starts with the decision to start a project upon weighing it’s need and viability. Once it begins, it is crucial to watch the project progress at every step to ensure it delivers all that it required, in the stipulated time, within the allocated budget.

Projects are usually broken down into tasks and there are couple of tools that make task management easier.

Trello, asana. Todoist, wrike etc

About the author

Ayo Ajanaku

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By Ayo Ajanaku

Ayo Ajanaku

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