Project Management: An Integral Component to Company Success https://ift.tt/3iZAd8R
Every company has numerous projects occurring at any given time. Core project management skills are necessary to ensure that projects are run efficiently and effectively. Project management has been around for centuries in various forms. As a discipline, it gained in importance in 1968 when the Project Management Institute (PMI) was formed to provide guidelines and insights on proper project management. The goal of this article is to discuss Project Management: An Integral Component to Company Success. Ensuring the utilization of key project management guidelines will help to ensure the success of projects and the resulting success of the business. Project Management Professionals The Project Management Institute (PMI) is the gold-standard of guidance on properly running projects. This article will outline some of the key guidance that is provided by PMI in the PMBOK Guide: A Guide to the Project Management Body of Knowledge – Sixth Edition Your company may not require a certified Project Management Professional (PMP®) each of your projects, however, it is helpful to ensure that the people you do have running projects have at least been exposed to some of the fundamentals of project management. The person who is identified as the project manager for a particular project will have the responsibility to lead the team of individuals that will be working together to achieve the project objectives. This person will need to be effective at building relationships and communicating with the various stakeholders involved in a project (those on the team and those who are not). Each project manager should possess an appropriate level of the following skills to meet the needs of the project size:
Larger and more complicated projects will necessitate an increasing level of skills and experience in each of these areas. A Project Management Framework: There are several factors that should be in place to ensure that your company has the framework to enable proper project management, which will include:
Grouping of Project Management Activities The sixth edition of A Guide to the Project Management Body of Knowledge (PMBOK® Guide) outlines the five groupings that project management activities will occur in. These are important to understand as it helps a project manager associate the various activities with. The Project Management Process Groups are defined as follows by the Project Management Institute, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) – Sixth Edition, Project Management Institute Inc., 2017, page 25:
Project Management Knowledge Areas The Project Management Knowledge Areas contain all of the various steps and activities that commonly occur throughout the life of the project. Each of these knowledge areas can be organized additionally into the Process Group in which they occur. A google search of “project management knowledge areas by process groups” will provide numerous resources that are available on this subject. Each Project Management Knowledge Area has anywhere from three to seven activity groups that each contain specific actions that are always grouped into either
A unique characteristic of the knowledge area activity groupings is that often-times activities are occurring simultaneously, it is not a solely linear process. That is why good project management skills are developed over time and ultimately may be unique to the types of projects and protocols within a specific company. It will benefit project managers to also become familiar with the various knowledge areas of project management which are defined as:
Additional Considerations As you build and improve your project management capability within your organization you may wish to consider the following:
Improving your efficiency and effectiveness at project management is an area that can greatly improve your ability to execute your strategic plan, deliver value to your stakeholders, and improve the profitability of your company. https://kamyarshah.com #SMBConsultants
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