The Project Management Institute (PMI) defines project management as follows: The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. The profession of project management includes the application of many skills, which include: Dividing the project into tasks Creating schedules (deadlines) Estimating budgets Determining project scope Communicating with stakeholders Acquiring the... [Read More]| ProjectEngineer
The Project Management Institute's (PMI) definition of a project is considered by many to be the official definition: A temporary endeavor undertaken to create a unique product, service, or result. Two words within that definition are the key to understanding what a project is and isn't: Temporary: A project has a distinct beginning and end. The muddier... [Read More]| ProjectEngineer
The definition of a Project is: A temporary endeavor undertaken to create a unique product, service, or result. The two most important keywords within that definition are: Temporary: A project has a fixed beginning and end. Because of this, there are two factors that come into play in virtually every project: Time (deadlines) and money (budgets). ... [Read More]| ProjectEngineer
According to the Project Management Body of Knowledge (PMBOK), the foundation of project management rests upon the five phases that every project goes through: Project Initiation Project Planning Project Execution Monitoring & Controlling Project Closure Project Initiation This process group includes the basic groundwork necessary to create and define the project, usually on the organizational level.... [Read More]| ProjectEngineer