Project Management in a nutshell

This course has been developed to introduce the concepts involved in project management. The flow of a successful project and how you as a project manager can give yourself the best possible chance of meeting the expectations laid out by the stakeholders.

Focus on one task at a time "He who chases 2 rabbits catches neither" Paul Foster,CEO and Founder The Business Therapist.

The learner will be able to identify the technical requirements of a project.

Select the correct example of a technical requirement.

Projects are a list of activities that have been put in place to achieve a set objective. This is usually done within a given time frame and is often executed by temporary collaborations.

Because they are temporary and designed to achieve a pre-determined goal, projects are usually completed under a strict set of rules or requirements. These requirements can be illustrated in the Project Management Triangle. Each side represents a different requirement. Time, cost or scope.

Time: Refers to the amount of time available to complete the project.

Cost: Every project has a specific budget, and each action costs money.

Scope: This is what must be identified to achieve the projects objectives; it can be defined as deliverables.

Defining the Project Scope – here is a step by step approach to defining the project scope.

 

  • Identify project objectives
  • Identify goals
  • Split the overall project into logical sub-phases
  • Define tasks that will accomplish the goals
  • Identify required resources
  • Establish a budget
  • Produce the schedule

 

Constructing a budget requires the project manager to know each tasks relevant cost. These could include labor, materials, consultant fees and travel. A detailed budget assists with giving the project manager an inclination of how much money will be required to be allocated between resources.

Technical requirements are technical segments that must be considered to successfully complete a project. These are aspects such as performance, reliability and availability that your project must meet in order to compete the project.

A successful project is one that meets the timing schedule, is delivered by staying within the budget and meets all the goals and expectations of the stakeholders involved. An attitude of a successful project manager is typically someone who consistently delivers completed projects on time and budget. Concentrating on achieving these criteria will take effort and skill, but will also result in greater success. 

  • Performance
  • Labor
  • Cost
  • Time