Project Management is the process of planning, organizing, and monitoring projects to achieve specific goals. Every project requires a plan that outlines the progress of the project. For example, if you are working on an architecture project, the plan starts with the idea and moves through the phases of blueprint drafting, drawings, and final completion. Many pieces must fit together to create the finished product, and the project manager is the puzzle piece that ties everything together.
Project Management involves planning, organizing, and monitoring resources to complete a project on time and on budget. Project managers use tools ranging from Gantt Charts to comprehensive PPM solutions to achieve their goals. Project managers are found in all types of organizations and industries, and may be independent contractors or employees. Some project managers also work for consulting companies, where they provide management services.
Many companies use project management tools to organize and track all business processes. These tools make it possible to set realistic timelines and budgets, which helps the company align its projects with the company’s goals and strategies. Project managers also monitor project progress, identify risks, and develop a plan for addressing the project’s goals and risks.
Projects can be varied and can include everything from building a bridge to developing software. They can also involve building online applications, establishing a new geographic market strategy, or assisting with relief efforts after a natural disaster. The key is to manage projects effectively, while maintaining a strict budget and not compromising quality.
In contrast to day-to-day operations and maintenance, a project involves a specific set of skills and knowledge to complete the project to specifications. The process involves identifying a problem, creating a plan, and executing that plan to meet the requirements. There are many steps involved in the process, but all projects have a common goal and a purpose.
While project management began in the 19th century, its roots lie much further back in history. The first examples of project management date back to the construction of the Great Wall of China and the pyramids in Giza. However, the practice of project management did not really begin until the 19th century, when railroad companies were hiring thousands of workers to build the transcontinental railroad. Frederick Taylor applied project management concepts to the workday of railroad companies, and he came up with strategies for improving inefficiencies. Other early project management techniques originated from the work of Henry Gantt, a man who used graphs to chart tasks.
Another common approach to project management is the waterfall method. This approach focuses on eliminating waste and developing an efficient workflow. Projects utilizing the waterfall methodology require teams to complete previous tasks before starting new ones. While this method is not for every project, it is a useful method for projects that are consistent and have clear goals.