Project Management is the oversight of the creation of a unique product, service, or result through a temporary effort.
One of the defining features of a project is that it creates something unique. That is, the project must create something new, something that has not existed before. Projects have a start date and an end date. They are temporary rather than on-going activities.
There are several professional organizations for project managers. They each define how project management should be performed. This guidance overlaps, but specifics may vary.
One of the project management organizations is the Project Management Institute (PMI). PMI structures the field into five process groups and ten knowledge areas. The PMI recommendations are documented in the Project Management Book of Knowledge (PMBOK).
- Five PMI process groups: Initiating, Planning, Executing, Monitoring and controlling, Closing
- PMI's ten knowledge areas: Integration management, Scope management, Schedule management, Cost management, Quality management, Resource management, Communications management, Risk management, Procurement management, Stakeholder management
Another popular project management method is PRINCE2.
- Building a bridge
- Although bridges have been built before, because most need to deal with unique site-specific conditions or regulations, they meet the unique requirement.
- Launching a new product
- Software package development
- Developing a new process for billing clients
- Running an assembly line
- A repeating process
- Tracking on-going maintenance efforts
- Billing clients