What Is Project Management?

DSM Digital School of Marketing - project management

A project can be described as a chosen set of activities which are ear-marked that need an allocation of resources such as people, money, time, materials, space, communication, quality and risk. The project needs these resources in order to meet pre-defined objectives. Thus,  a project is a temporary endeavour undertaken in order to achieve a specific aim and to which project management methodologies and practices can be applied, regardless of the project’s size, budget or timeline.

Project management is about the implementation of knowledge, skills, tools and techniques to a wide range of activities in order to satisfy the requirements of a specific project. The term “project management” refers to a set of well-defined methods and techniques for managing a team of people to accomplish a series of work tasks within a well-defined schedule and budget.

What Project Management Depends On

When we analyse this definition, we see that project management is dependent on precise outcomes and challenges.

Effective Management Of Project Resources

Inputs needed to meet pre-determined objectives. In addition, these must be allocated and integrated in an optimised manner.

Delivery On Time And On Budget

A key aspect of project success depends on the on-time and in budget delivery of the project.

Ensure That A Project Is Delivered Within The Defined Constraints

The “Triple Constraints” – namely time, budget, and performance – must be defined. Then the constraint that has the highest priority becomes the driver of the project.

Well-Defined Methods And Techniques

By using project management standards and best practices, the likelihood of overall success is increased. Although there may be various individual standards and practices that vary in complexity and application, the goals are usually the same, in other words to produce desired project results within the boundaries of time, costs and available resources.

What Are The Advantages Of Project Management?

There are so many intangible tasks as well as qualities of project managers so it’s not uncommon for project managers to not fully understand their worth. In terms of the benefits of project management, it starts with the individual. Each and every project manager should know their role and their worth and follow through on being a great project manager for their teams.

Secondly, the benefits of a project management comes down to the organisation. A project manager will not thrive in an organisation which does not value the role of project management and see the benefits of it. The advantage of having a PM on a team is realised by the people who work with them. If they are not bought into, the PM will have a hard time helping.

Some people see the benefits of having a PM on a team, and others don’t. And that is okay—sometimes just having someone on a smaller team to handle logistics and communications is enough. That’s right, you don’t always need a PM, but you do need someone who will handle PM tasks.

Project management organisations have built on the process which has been developed over time and has become streamlined. The roles that individuals fill in modern times have become flexible. In addition, these encompass a wide range of tasks. General project management is a skill that is required for people in order to stay on top of their work.

Get in touch with the Digital School of Marketing

If you are in the media and want to do a project management course that is specifically designed for this industry then you need to do our Project Management For The Media Course. Follow this link for more information.

DSM Digital School of Marketing - Project Management