“Trying to manage a project without project management is like trying to play a football game without a game plan’’ – Katherine Tate
Every now and then, we hear about projects being successfully completed and some failing miserably. A number of factors can be blamed for the failures – lack of leadership, improper management, ineffective communication etc. These failures generally happen because of the knowledge gap in understanding the nuances of project management.
In this article, we will highlight everything that you need to know about online project management – definition, step-by-step approach to project management and overview of project management methodologies.
Project management involves planning and organization of a company’s resources to move a specific task, event or duty towards completion. It is a discipline of using established principles and procedures for accomplishing goals.
Through project management, activities are performed using various methodologies, tools, skill sets and techniques to meet the requirements of a project.
Every project is different. Some are simple while some complex. Broadly speaking, every project has four main components:
Scope – This refers to the size of the project, deliverables and different process requirements.
Resources – This includes manpower, tools, and equipment that will be used while executing the process
Time – This takes care of the time frame or duration in which the project should be completed
Capital – This refers to the expenses and budget of the process
Among the four components, the scope of a project is considered to be of utmost importance as it broadly covers the other three components. However, ignoring one can adversely affect the others and vice-versa.
Most of us struggle to understand if there are any variations or types to project management. Here’s the thing – project management takes a different form when applied to different industries although the essence being the same – completion of tasks, events or projects using various tools, techniques or practices.
However, most of the project managers follow a step by step approach to complete the projects successfully. These are also called the phases (or steps) of project management. Let us have a look at major steps in traditional project management.
Although project management may seem overwhelming at times, breaking it down into these five distinct cycles can help your team manage even the most complex projects and use time and resources judiciously.
Besides traditional project management approach which includes steps like initiation, planning, execution, monitoring and closure, there are other methodologies used by project managers as well. Let’s go through them briefly.
Choosing the right methodology can help the project managers to find an approach or procedure that allows them to successfully complete their projects.
However, with the advancement in the technology, many project managers are using various project management software these days. ProofHub is one such powerful online project management tool that allows you to manage tasks effectively, promotes seamless collaboration and communication at the workplace.
In this article, we have tried to give you a sneak peak in the world of project management. Drop a comment below to share your views on this.