What is Project Management?

Project management is an often-used term but do you really know what it entails? Project Management refers to the processes involved in planning, overseeing and concluded the work of a team who are working towards predetermined goals following certain success criteria. There are many different methods applied to successful project management but here are some of the main facets:

  1. Scope Management

Understanding the boundaries of a project helps to keep the focus on the tasks at hand. Scope management involves making sure that only absolutely necessary work is undertaken and included in the plan of the overall project. This process defines what should and should not fall within the scope of the project.

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    1. Integration Management

    This is one of the main facets of project management and is the method of bringing together all the processes involved to create a smooth flow on the path to reaching objectives. It includes co-ordination, communication, planning and the overseeing of all processes and elements that are needed for a required objective. Many projects will benefit from the use of a dedicated scrum master. This person will ensure team meetings take place to keep everyone focused, pro-active and aiming towards shared objectives. If you feel your business could benefit from a scrum master then find more information about Scrum Master Training Dublin at https://www.althris.com/courses/scrum-master.

    1. Cost Management

    Another crucial factor when managing a project is that costs don’t spiral out of control and an agreed budget is adhered to. Effective project management must keep within budgetary restrictions to ensure the projects remains viable and cost-effective.

    1. Risk Management

    Risk is an aspect of any business decision and project planning is no exception. Perceived risk must be identified, analysed and planned for. How risk is monitored, kept in check and responded to are also important factors that all project managers will be familiar with.

    1. Communication Management

    People can’t work together effectively without good communication and this is a further vital aspect of successful project management. Keeping everyone in the loop and informed over planning, expectations, updates and performance reporting is an important tool for effective management and positive outcomes.

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  1. Time Management

A project without time management would be prone to running for excessive amounts of time, run the risk of going way over budget and never achieving a useful outcome. The tasks required need to be assessed and so too does the time required to complete these tasks. The order in which elements of the project are to take place, deadlines and timelines are crucial in project management.

  1. Stakeholder Management

Any effect of a project on stakeholders also needs to be considered. This also includes any possible impact that a stakeholder could have on the project. This could also be referred to as relationship management and requires careful handling, a level of sensitivity and excellent communication abilities.

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