Project management is essential in every company, as projects without proper project management are highly likely to fail. What is Project Management But what exactly is project management? We’ll explain the most important things you should know about this topic!
DIN 69901 Project Management: What is a project?
To define project management, let’s first clarify the word project. It’s a widely used term in our society and often misleading.
The German Institute for Standardization describes the term iceland phone number library project in DIN 69901-5 under point 3.44 as follows:
A project that is essentially characterized by the uniqueness of its conditions as a whole, such as objectives, time, financial, personnel and other limitations, differentiation from other projects, project-specific organization.
The term therefore refers to a time-limited project that is intended to produce a specific product, service or result.
A project typically has a defined beginning and end, a set of objectives to be achieved, What is Project Management and requires the collaboration of a team to complete tasks together and meet deadlines. In a business context, projects can vary in size and complexity, from small initiatives to large-scale initiatives with multiple stakeholders.
What makes a project?
An activity must therefore meet several conditions to be defined as a project. These conditions are:
- No routine: A project represents a new challenge and lies outside of everyday activities.
- Goal-oriented: A project has a defined goal. Only when this goal is achieved can the project be completed.
- Time limit: Every project has both a defined beginning and a defined end.
- Fixed resources: All resources such as personnel, budget or materials are content for instagram: ideas to apply limited in quantity and should not be exceeded for a successful project completion.
- Required expertise: Several employees, usually from different departments, are involved in a project. This ensures broad technical knowledge of the content and optimal solutions.
The term project management
Project management involves planning and managing projects and their objectives. What is Project Management The project objectives are to be achieved within the defined framework for the company – in terms of cost, quality, and time. To this end, project managers guide each cuba business directory project through the areas of project definition, project implementation, and project closure .
Depending on the complexity of the tasks, project management is about the totality of
- leadership tasks,
- -organization,
- -techniques and
- -medium,
to ensure the successful completion of a project.
Project definition: In order to achieve the project goal, the first step is to develop the project plan with the client.