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Saturday, 16 December, 2017
Home What Is Project Management
What Is Project Management

What is ……

"Project Management"

Project Management is the application of knowledge or "Know How" gathered over many years of experience, together with skills, tools and techniques for Project activities, to meet Project requirements.

project management
project management

 

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Project management
Project management

 

What is …… "Project Management" Methodology

"The planning, monitoring and control of all aspects of The Project and the motivation of all involved in it, to achieve The Project Objectives on time and to the specified cost, quality and performance"…..

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What is …… "Project Management" Triangle

Like any client undertaking a project, The Project needs to be performed and delivered under certain constraints. Traditionally, these constraints have been listed as scope, time and cost. These three points as a heading at each corner of a drawn triangle are also referred to as "The Project Management Triangle".

A further refinement of the constraints separates product "Quality" or "Performance" from scope and turns quality into a fourth constraint.

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A Triangle where each side or leg represents a constraint. One side of the Triangle cannot be changed without impacting the others.

The "Time" constraint refers to, is the total period of time available to complete a Project.

The "Cost" constraint refers to the budgeted amount available for The Project.

The "Scope" constraint refers to what must be done according to the Architects drawings or the "scope" of The Contract, to produce the Projects end result.

 

These three constraints are often competing constrains: Should you increase the "scope" or expect The Project Manager to do extra work because of "change in drawings" or additions, typically means increased time and increased cost. A tight time constraint could mean increased costs and reduced scope, and a tight budget could mean increased time and reduced scope.

If you need to finish a job in a shorter time, you can throw more people at the "problem" which in turn will raise the cost of The Project, unless by doing this task quicker we will have to reduce costs elsewhere in The Project by an equal amount.

 

Project management
 

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