Project Management Steps and Methods | iCert Global

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Every project comes with risks and issues we are unaware of that can turn around if the project succeeds or fails. In order to minimize these risks and maximize success, we must adhere to a distinct step-by-step approach. This approach guides the project from beginning to completion. This is referred to as Project Management. You can learn more about it by enrolling in a PMP course. This article will assist you in comprehending the project management process and other essential concepts associated with it.

What is a project?

A project is work you do for a limited period of time to create something new or unique. It begins at a specific time and ends at a set time, and it should create something new that didn’t exist before. If a project fails to have these, it can be a waste of your time, space, and other resources in your business.

What is Project Management?

Project management is the way we schedule and plan the work in order to finish a particular project. It applies a series of steps, experience, skills, tools, and techniques to accomplish an objective.

Project management is not the usual management. Project management focuses on a clear goal and must be done within a set time. Normal management continues endlessly and doesn't always have an end. You can do a Project Management Masters Program in order to know more and be an expert at it!

How Projects Evolve to Meet Changes

Projects need always to be aligned with market changes. Previously, individuals utilized something called the "Triple Constraint" or "Iron Triangle" to handle projects.

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The triangle consisted of three fundamental components:

• Time – The length of the project.

• Cost – How much will it cost

• Scope – Everything that needs to be done

At the top of the triangle was Quality—the notion being to maintain quality high without going over time, cost, or scope.

Project Management Stages

Project management requires a lot of work, so we break the process down into 5 simple steps, which are referred to as phases or process groups. The steps make the work simple to comprehend and assist in breaking the work. Each group has activities that typically occur simultaneously and utilize the same tools or data.

Below are the 5 steps:

1. Starting – This is the first and the most important step. At this step, the project goals are set and resources like time and people are assigned. Finishing this step efficiently makes the project a success.

2. Planning – Here, you determine how much money, time, and resources the project will require. It also assists you in identifying possible risks and how to respond to them.

3. Implementation – This is the stage where the team starts working on the plan. The team implements the plan to achieve the project goals.

4. Monitoring and Controlling – Here, you monitor the progress of the project. You inspect the schedule, budget, and progress. If you detect a problem, you correct it at once.

5. Closing – This is the final step. Everything is completed, the team steps away, and the customer is happy with the results.

Project Management Knowledge Areas and Processes

There are various aspects of project management that ensure that everything runs smoothly. Each of them is responsible for a particular section of the project to assist in the attainment of the goal. They include:

1. Project Integration Management – Sees that all components of the project are well integrated and are within schedule.

2. Project Scope Management – Makes sure all the needed work is included to finish the project correctly.

3. Project Time Management – Helps the team complete the project on time.

4. Project Cost Management – It ensures that the project stays within budget.

5. Project Quality Management – Guarantees the quality of work required.

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6. Project Human Resource Management – Assists in the management of the project people so that their capability is utilized effectively.

7. Project Communications Management – Facilitates important information to be communicated effectively and in time.

8. Project Risk Management – Assists in finding potential problems and developing a plan to address them before they become an issue.

9. Project Procurement Management – Refers to acquiring materials or services required from an external source to the team.

10. Project Stakeholder Management – Centered on the individuals or groups impacted by the project and keeps them informed and engaged.

Project Manager Skills

Now that you understand project management takes time, planning, and the proper direction, you can ask yourself—who makes everything come out?

That individual is a Project Manager. A project manager directs the whole project from the beginning to the end. It is not an easy job. It takes a lot of experience and a lot of hard work to be a good project manager.

How to obtain Project Management Certification? 

We are an Education Technology company providing certification training courses to accelerate careers of working professionals worldwide. We impart training through instructor-led classroom workshops, instructor-led live virtual training sessions, and self-paced e-learning courses.

We have successfully conducted training sessions in 108 countries across the globe and enabled thousands of working professionals to enhance the scope of their careers.

Our enterprise training portfolio includes in-demand and globally recognized certification training courses in Project Management, Quality Management, Business Analysis, IT Service Management, Agile and Scrum, Cyber Security, Data Science, and Emerging Technologies. Download our Enterprise Training Catalog from https://www.icertglobal.com/corporate-training-for-enterprises.php and https://www.icertglobal.com/index.php

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Conclusion

Project management plays an important role in the successful completion of a project from inception to completion. It includes the right planning, coordination, and proper guidance by the project manager. With the right skills and procedures, any project can deliver its goals within time and cost.

 

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