Project management involves a variety of activities that include initiating, planning and executing projects, as well as controlling, closing, and closing them. It is a discipline that teaches you techniques and principles to help you complete projects on time and within budget. A process is a collection of actions that are performed by a group of people working towards the same goal. Frameworks and Methodologies for Project Management
This article is only a small portion of the story about project management. We cover it in great detail in our flagship ebook. We appreciate you subscribing. All newsletter subscribers can download this (and many other ActiveCollab Project Management Guides). Download the Ebook We are unable to subscribe you at the moment. Please double-check your email address. If issue still persist, please let us know by sending an email to [email protected] Try Again The 5 types of project management processes
According to the “Project Management Body of Knowledge”, also known as. According to the PMBOK Guide, which is the standard guidebook for project managers worldwide, there are five types of project management processes. The initiating process helps keep the team focused on the business and can also stop the project if it does not meet all the requirements.
Planning – Creating a plan that includes clearly defined activities, cost estimates and schedule development.
Execution – Executing the processes that are followed by regular information dissemination and team development.
Monitoring and Control – monitoring and controlling the quality of the project results, observing significant modifications and making any necessary adjustments to them
Closing – Gathering all data necessary to complete the project.
The process does not always follow a specific chronological order. In business and life, things can get out-of-control and can be difficult to control. Processes often overlap and become dependent on each other throughout the project’s phases. The outputs of each process are what makes them interrelated. The planning process is the key to the execution of a project. It provides an early plan. The planning process does not end. It continues to play a role by updating the plan as the project progresses. Project management is both an art and a science. Each project is unique, so it is difficult to manage all the issues and stages. What is project management? Why is it so valuable?
Since the founding of the first human community, projects have been practiced. Plato’s Republic, Michelangelo’s Sistine Chapel painting, Nikola Tesla’s design of the modern alternating current electrical system, and Jorn Utzon building the Sydney Opera House are all examples of projects that have been practiced since the beginning of human civilization.
