A project is any endeavour, carried out collectively or individually and possibly including design or research, which is carefully structured to attain a specific goal. Projects may be for profit, learning, building, education or relief of suffering, and whatever the purpose. Any project requires a systematic approach and careful attention to detail, as well as a creative and practical approach. The main elements are planning, implementing, monitoring, controlling, and evaluation.
For many, the question of what is it project is often answered with an answer related to an ongoing project of some kind. An ongoing project, like an ongoing study, is an idea or concept that evolves and then gets checked periodically to see if it is still meriting the attention it has received. An ongoing project might be related to the study of space, or perhaps to the study of the ocean. It could be an education or research based on the ideas and discoveries of the day.
The project team is then formed to deal with the work that needs to be done. Teams are made up of individuals who are committed to carrying out the tasks assigned to them. Teamwork is considered one of the cornerstones of any successful project. Many teams have a member or members who specialise in one particular area of the project. The team members are known as project managers who take the responsibility to ensure the project gets the right detailed and aligned deliverables.
Project management is a branch of project management that concerns itself with assigning and managing projects. Project management involves planning, organizing, staffing, delivering, finishing, reporting and stabilizing workstations. In order to perform these functions effectively, teams of project managers must work as a team, coordinating the tasks delegated to them, monitoring the status of the project at regular intervals and acting as the eyes and ears of the project. A project manager is responsible for planning, organizing, staffing, delivering, completing, reporting and stabilizing workstations within the team.
There are many different project management roles. Project managers are in charge of the whole project, delegating specific tasks to teams and other sub-teams. Project management tasks can also be distributed amongst various groups. The main project managers will generally have overall responsibility for all projects under their overall portfolio. However, sub-team and team managers may have more authority and specific responsibilities for smaller tasks within the overall project scope.
A risk management plan is a document that assists decision-makers in determining the most suitable course of action to mitigate the risks posed by a project. A risk management plan focuses on the identification, assessment and prioritization of risks. Risk management plans involve both financial and human resources. Risk management refers to the control of events or situations that could cause damage or loss. A risk management life cycle includes five stages:
A product manager or PM is in charge of ensuring that products get shipped on time, within budget and to the customers. The product manager may have overall responsibility for a project management life cycle. However, he/she may report directly to a project manager or a team leader. This direct relationship between the project manager and the PM leaves little or no room for errors or poor decisions. A project manager relies heavily on his PM to lead the team in the right direction and ensure completion of tasks in a timely fashion.
A software project manager or SMM is in charge of managing software systems, which require frequent updates. SMMs can be called on for urgent situations when a project requires an immediate solution to prevent a problem before it develops into something much worse. Project managers rely on SMMs to deliver results in a timely manner. However, a good SMM will require support from other teams and may even require a lead role to ensure a project goes according to plan.
A risk management life cycle is a way of determining the highest risk assignments for a given project. Each assignment is rated according to its priority, complexity, and impact on the deadline. Projects are categorized into different phases. They include planning, initiating activities, controlling or monitoring activities, evaluating outcomes and finally analyzing and managing consequences. It also involves implementing strategies based on these results. The goal of these methodologies is to ensure that projects are assigned to the appropriate team members, are managed correctly, and are focused on a particular outcome.