Work Team: Project Management Is The Practice of Initiating, Planning, Executing, Controlling, and Closing

Project management is the practice of initiating, planning, executing, controlling, and closing
the work of a team to achieve specific goals and meet specific success criteria at the specified time. The
primary challenge of project management is to achieve all of the project goals within the given
constraints.] This information is usually described in project documentation, created at the beginning of
the development process. The primary constraints are scope , time, quality and budget. The secondary—
and more ambitious—challenge is to optimize the allocation of necessary inputs and apply them to meet
pre-defined objectives.
The object of project management is to produce a complete project which complies with the client's
objectives. In many cases the objective of project management is also to shape or reform the client's brief
to feasibly address the client's objectives. Once the client's objectives are clearly established they should
influence all decisions made by other people involved in the project – for example project managers,
designers, contractors and sub-contractors. Ill-defined or too tightly prescribed project management
objectives are detrimental to decision making.
A project is a temporary endeavor designed to produce a unique product, service or result with a defined
beginning and end (usually time-constrained, and often constrained by funding or staffing) undertaken to
meet unique goals and objectives, typically to bring about beneficial change or added value. The
temporary nature of projects stands in contrast with business as usual (or operations), which are repetitive,
permanent, or semi-permanent functional activities to produce products or services. In practice,
the management of such distinct production approaches requires the development of distinct technical
skills and management strategies.
These are the 10 Project Management knowledge areas:
1. Project Integration Management

2. Project Scope Management
3. Project Schedule Management
4. Project Cost Management
5. Project Quality Management
6. Project Resource Management
7. Project Communications Management
8. Project Risk Management
9. Project Procurement Management
10. Project Stakeholder Management
Project Integration Management
This knowledge area contains the tasks that hold the overall project together and integrate it into a unified
whole.
Project Scope Management
This knowledge area involves the project scope, that is, the work that is included within the project.
Since scope changes are one of the top causes of project changes and grief in general, it is very important
that the boundaries of the project be well defined from the outset and monitored rigorously. It is very
easy for people to insert unauthorized work into the project when the project appears to be big enough to
absorb it, but most projects are estimated with the minimum cost.
Project Schedule Management
This is usually the most time consuming of the knowledge areas. During planning, the project manager
must divide the project into tasks and create both a schedule (start and finish dates for each task) and
budget for each task. During the project, earned value management determines the project status at
regular status intervals. Because most project changes involve a change to the schedule, it must be
continuously re-baselined and the project management plan updated (and approved by the project
sponsor).
Project Cost Management
The project budget is usually one of the most sensitive parts of a project. Wouldn’t it be nice to
have have project budgets that are comfortable and contain plenty of cushion, but very few projects
have this luxury. The budget must be established through rigorous estimating techniques and
monitored to ensure there are no unnecessary changes that make stakeholders unhappy.
Project Quality Management
Quality is one of the triple constraints of Time, Cost, and Quality. As such, when you need better quality
you need to put in more time or cost. Because of this integral nature of the quality of the
project’s deliverables, the quality level should be established during project planning and specified within
the project management plan. Then when issues arise regarding product specifications, there is a plan to
deal with it.
Project Resource Management
The project team is usually one of the most important factors in the success of a project. If you have a
good team, you will have a successful project. This knowledge area is concerned with acquiring the right
team, ensuring their satisfaction, and tracking their performance.
project Communications Management
Communication with stakeholders is often the key factor that allows stakeholders to be satisfied even
when unexpected changes happen. It is essential to develop a communications plan to keep all
stakeholders “in the loop” throughout the project and communicate early and often when unexpected
issues occur.
Project Risk Management
Managing project risk is one of the most underrated aspects of project management. Major risk are very
seldom identified up front and analyzed within the project management plan, but when they are project
stakeholders tend to forgive the unexpected issues much quicker. Not to mention they hold the project
manager in high regard for strong safeguarding of their investments.
Project Procurement Management
Almost all projects have some form of outside procurement. Hiring subcontractors can get the job done
quicker or with better expertise but sacrifices the ability to control the quality, schedule, or other factors.
Also, the fine print often results in budget and schedule overruns that were not envisioned.
Project Stakeholder Management
There is nothing more important than the project’s stakeholders. You could, in theory, declare a project a
success if the stakeholders are satisfied but the project was a disaster (although I wouldn’t recommend
this line of thinking). The stakeholders should be actively managed and addressed within the project
management plan.

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Project management is the practice of initiating, planning, executing, controlling, and closing

1. Project Integration Management

Project Scope Management

Project Schedule Management

Project Cost Management

Project Quality Management

Project Resource Management

project Communications Management

Project Risk Management

Project Procurement Management

Project Stakeholder Management

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