A project is a unique endeavor undertaken to achieve planned objectives A project is usually deemed to be a success if it meets the objectives according to their acceptance criteria, within an agreed timescale and budget. Projects have a definite start and end.
Projects are carried out by organizations. By choice, projects are unique. Larger projects are broken down into phases. Phases allow the project to be properly tracked and contain deliverables.
Project Management is typically summarized by the triple constraint known as Cost, Scope and Time. It is also referred to as the Iron Triangle. The idea is that all three are interrelated. You cannot modify one without modifying the others. A change in cost will affect scope and time and vice versa. When one of these constraints is concerned, it will affect the other two. Changing one and not reviewing the other constraints can have a negative impact on the project.
The Role of the Project Manager
The Project Manager role is to manage the project from start to finish. They define the project, obtain resources and build the project team. They are responsible for communicating to the stakeholders of the progress of the project. The Project Manager is ultimately accountable for the success of the Project.
Some skills a Project Manager should have:
- Effective communication (verbal and written)
- Conflict management
- Time management
Every project has its complexities. It is part of the Project Manager’s role to fully understand the needs and expectations of the Project stakeholder and deliver a successful Project. Join our class to learn more!!