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Project Management Introduction

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Project Management Introduction
PROJECT MANAGEMENT

What is a Project?
According to the Project Management Institute (PMI) , a project is any work that happens only once, has a clear beginning and end, and is intended to create a unique product or knowledge. It may involve only one person, or thousands. It may last several days, or many years. It may be undertaken by a single organization, or by an alliance of several stakeholders. A project may be as simple as organizing a one-day event or as complex as constructing a dam on a river.

What is Project Management?
Project management is a carefully planned and organized effort to accomplish a specific (and usually) one-time objective, for example, construct a building or implement a major new computer system.
Project management is the application of knowledge, skills, tools and techniques to project activities in order to meet or exceed stakeholder needs and expectations of a project. The project manager, sometimes referred to as the project co-coordinator or leader, manages the details of the project on a day-to-day basis. This is an ongoing challenge that requires an understanding of the broader contextual environment of the project and the ability to balance conflicting demands between:
• Available resources and expectations;
• Differing stakeholder priorities;
• Identified needs and project scope;
• Quality and quantity.

Characteristics of Successful Projects
1. Clear objectives - The most successful projects have clearly defined objectives from the outset.
2. A good project plan - A carefully thought-out plan serves two purposes. First, it allows everyone involved to understand and perform their part in the project. It shows who is responsible for what and estimates how much money, people, equipment and time will be required to complete the project. Second, it serves as a monitoring tool, allowing you to take early action if things go wrong.
3. Communication, communication, communication - Your project is a collaborative

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