Definitions of terms used in project Management

A project is a set of activities which should be undertaken in a logical sequence for the propose of attaining some specified objectives within a given time period, budget and at a given quality specification A project is an interrelated set of activities that has a definite starting and ending point and results in the accomplishment of a unique, often major outcome.

A project is a means of moving from a problem to a solution via a series of planned activities. It has project a definite beginning and end.

Examples of typical projects are for example:

  • Personal projects (obtain a degree, diploma, write a report, plan a wedding, plant a garden, build a house extension)
  • Industrial projects (construct a building, provide a gas supply to an industrial estate, build a motorway, design a new car)
  • Business projects (develop a new course, develop a new course, develop a computer system, introduce a new product, and prepare an annual report, set up a new office)

Project management is the application of knowledge, Skills, tools and techniques to project activities in order to meet or exceed stakeholder needs and expectations from a project.

Project management is the discipline of planning, organizing, securing and managing resources to bring about the successful completion of specific project goals.

Project management is an approach to management of work within the constraints of time, cost, and performance requirements.

Project management” is, therefore, the planning and control of events that, together, comprise the project.

Project management aims to ensure the effective use of resources and delivery of the project objectives on time and within cost constraints.

An activity or task is the smallest unit of work effort within the project and consumes resources which are both financial and non-financial and which are under the control of the project manager

Project Manager- A project manager is a professional in the field of project management. Project managers have the responsibility of the planning, execution, and completion of any project with Limited time and other resources. A project manager should possess solid
technical knowledge (to be able to take usage of models and instruments for planning, scheduling and control), experience in human resources sphere (to be able to manage persons form different field) and professional background in situation of stress, limited time and resources Project Team- Project team refer to a number of people who work close together to achieve shared common goals.

Critical Path Analysis CPA (Network Analysis)-It is a project management tool that:
• Sets out all the individual activities that make up a larger project.
• Shows the order in which activities have to be undertaken.
• Shows which activities can only be taken place once other activities have been completed.
• Shows which activities can be undertaken simultaneously, thereby reducing the overall time taken to complete the whole project.
• Shows when certain resources will be needed – for example, a crane to be hired for a building site.

Project Management Knowledge areas:
• Project Integration Management-Describes the processes required to ensure that the various elements of the project are properly coordinated. It consists of project plan development, project plan execution and overall change control.
• Project scope Management.-Describes the processes required to ensure that the project includes all the work required and only authorized work is executed. It consist of initiation, scope planning, scope definition, scope verification and scope change control
• Project time Management-Describes the processes required to ensure timely completion of the project. It consists of activity definition, activity sequencing, activity duration estimation, schedule development and schedule control.
• Project cost Management .Describes the processes required to ensure that the project is completed within the approved budget. It consists of resource planning, cost estimation, cost budgeting and cost control.
• Project Quality Management-Describes the processes required to ensure that the project will satisfy the needs for which it was undertaken. It consists of quality planning, quality assurance and quality control.
• Project human resource Management-Describes the processes required to make the most effective use of people involved with the project. It consists of organizational planning, staff acquisition and team development.
• Project communications Management-Describes the processes required to ensure timely and appropriate generation, collection, dissemination, storage and disposition of project information. It consists of communication planning, information distribution, performance reporting and administrative closure.
• Project Risk Management -Describes the processes concerned with the identifying, analysing and responding to project risk. It consists of risk identification, risk quantification, risk response and risk response control.
• Project procurement Management -Describes the processes required to procurement planning, solicitation planning, solicitation, source selection, contract administration and contract close out.

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