Project management

Not to be confused with Product management.
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Project management is the process of supervising the work of a team to achieve all project goals within the given constraints.[1] This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time and budget.[2] The secondary challenge is to optimize the allocation of necessary inputs and apply them to meet predefined objectives.

The objective of project management is to produce a complete project which complies with the client's objectives. In many cases, the objective of project management is also to shape or reform the client's brief to feasibly address the client's objectives. Once the client's objectives are established, they should influence all decisions made by other people involved in the project– for example, project managers, designers, contractors and subcontractors. Ill-defined or too tightly prescribed project management objectives are detrimental to the decisionmaking process.

A project is a temporary and unique endeavor designed to produce a product, service or result with a defined beginning and end (usually time-constrained, often constrained by funding or staffing) undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value.[3][4] The temporary nature of projects stands in contrast with business as usual (or operations),[5] which are repetitive, permanent or semi-permanent functional activities to produce products or services. In practice, the management of such distinct production approaches requires the development of distinct technical skills and management strategies.[6]

  1. ^ Phillips, Joseph (2004). PMP Project Management Professional Study Guide. McGraw-Hill/Osborne. p. 354. ISBN 0072230622.
  2. ^ Baratta, Angelo (2006). "The triple constraint a triple illusion". PMI. Retrieved December 22, 2020.
  3. ^ Nokes, Sebastian; Kelly, Sean (2007). The Definitive Guide to Project Management: The Fast Track to Getting the Job Done on Time and on Budget. Pearson Education. Prentice Hall Financial Times. ISBN 9780273710974.
  4. ^ "What is Project Management?". Project Management Institute. Retrieved June 4, 2014.
  5. ^ Dinsmore, Paul C.; Cooke-Davies, Terence J. (November 4, 2005). Right Projects Done Right: From Business Strategy to Successful Project Implementation. Wiley. p. 35. ISBN 0787971138.
  6. ^ Cattani, G.; Ferriani, S.; Frederiksen, L.; Florian, T. (2011). Project-Based Organizing and Strategic Management. Advances in Strategic Management. Vol. 28. Emerald. ISBN 978-1780521930.