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PM_Text - Project Management1 1 WHAT IS A PROJECT 1.1 A...

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Project Management 1 1 W HAT IS A P ROJECT ? 1.1 A project is any sort of planned undertaking All of us have been involved in projects, whether they be our personal projects or in business and industry. Examples of typical projects are for example: Personal projects: obtain an MBA 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 prepare an annual report set up a new office Projects can be of any size and duration. They can be simple, like planning a party, or complex like launching a space shuttle. Generally projects are made up of: a defined beginning, multiple activities which are performed to a plan, a defined end. Therefore a project may be defined as a means of moving from a problem to a solution via a series of planned activities. A project is a means of moving from a problem to a solution via a series of planned activities. A project has a definite beginning and end. Projects consist of several activities. Two essential features are present in every project no matter how simple or complicated they are. In the first place, all projects must be planned out in advance if they are to be successfully executed. Secondly, the execution of the project must be controlled to ensure that the desired results are achieved. 1 Prepared by Tomas Sabol based on notes of John Marsh, University of Wolverhampton, UK.
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On most projects it is possible to carry out multiple activities simultaneously. Usually it is possible to perform several activities at the same time, however there will be activities which cannot begin until a preceding activity has been completed. Such relationships are referred to as dependencies or precedencies, and when planning a project it is important to establish the order of precedence of dependent activities, and to establish those activities which can be performed in parallel with other activities. Regardless of the nature or size of your project a successful outcome can only be achieved by using sound project management techniques. The most widely used and popular methods of project management are Gantt Charts, Critical Path Method (CPM) and Programme Evaluation and Review Technique (PERT). However, it is important to remember that projects are carried out by people, and the human aspects of project management are critical for the project success. 1.2 Terminology and Definitions 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. "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.
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