Wednesday, February 4, 2009

What is Project Management

Project: A project is a temporary endeavor undertaken to create a unique product or service.
- Temporary means that the project has an end date.
- Unique means that the project's end result is different than the results of other (business-as-usual) functions of the organisation

Management: "Management" (from Old French ménagement "the art of conducting, directing", from Latin manu agere "to lead by the hand")
- characterises the process of leading and directing all or part of an organisation through
- the deployment and manipulation of resources (human, financial, material, intellectual or intangible).



Project + Management
Both a process and set of tools and techniques concerned with defining the project's goal, planning all the work to reach the goal, leading the project and support teams, monitoring progress, and seeing to it that the project is completed in a satisfactory way.

The application of modern management techniques and systems to the execution of a project from start to finish, to achieve predetermined objectives of scope, quality, time and cost, to the equal satisfaction of those involved.