ITMG624- Introduce Yourself & Introduction to Project Management & Project Management Life Cycle

Discuss the Three of the Seven Characteristics of a Project & Two characteristics of Project Management

1. Discuss three of the Key Knowledge Areas of Project Management

2. What is Project Life Cycle? How many phases are there in a Project?

1. Discuss the Three of the Seven Characteristics of a Project

Projects are unique undertakings

This is the crux of the difference between operations, or business as usual, and projects. A project produces unique results that are not frequently or repeatedly done.

Projects create a quality deliverable

A project is created in order to create something to a specific standard. Once delivered the project is put through quantifiable quality control to ensure viability. Upon passing quality control the project is considered complete.

Projects are driven by competing constraints

Constraints affecting projects include scope, budget, schedule, resources, risks, and quality among others. An emphasis on maximizing efficiency of projects requires a keen ability to balance these competing constraints to attain the desired state of completion (Dinsmore & Cabanis-Brewin, 2014).

& Two characteristics of Project Management

Project Management is a unique career and profession

Organizations may have multiple projects occurring simultaneously that require planning, control, and decision making regarding the various activities involved in a project. Project managers run these efforts to maximize the efficiency and output of these potentially complex projects.

Project management is different from operations and technical management

As stated above, projects are unique undertakings. Operations management focuses on long-term and repetitive states. Technical management focuses on aspects of a technical field through theory, practice, and technology (Dinsmore & Cabanis-Brewin, 2014).

1. Discuss three of the Key Knowledge Areas of Project Management

Three of the key knowledge areas found in the project management body of knowledge are: Scope, Time, and Cost. Scope refers to what needs to be done to complete the project including all requirements. Also included in the scope is what is not to be done. Time refers to the schedule. This includes activities, sequences, resources, durations, and control of the schedule. Cost includes estimates, controls, and the budget (Dinsmore & Cabanis-Brewin, 2014).

1. What is Project Life Cycle? How many phases are there in a Project?

The project life cycle is what goes in between the beginning and end of a project’s life. The project life cycle includes the initiation, planning, delivery, and close of a project (IPM, 2022). Delivering can be broken down further into executing, monitoring, and controlling (Dinsmore & Cabanis-Brewin, 2014).

Thank you,

References

Dinsmore, Paul & Cabanis-Brewin, Jeannette (June 12, 2014). The AMA handbook of project management. Amacom. E-book ISBN: 9780814433409. Print ISBN: 9780814433393.

IPM (accessed March 7, 2022). Project lifecycle 1. The Institute of Project Management. Retrieved from: https://open.institute.pm/module/project-initiation/unit/project-frameworks/.