1.1: Explain The Principles Of Project Management

1821 Words8 Pages
Task 01 1.1 explain the principles of project management Project: A project is a finalized set of activities and actions by a "project team" under the responsibility of a project manager in order to meet a defined need within fixed deadlines and within the limits of allocated budget. Examples of famous projects include the "Manhattan Project", etc. Project Management: Project Management is the dynamic process that utilizes the acceptable resources of the organization in a controlled and structured manner, to achieve some clearly defined objectives identified as strategic wants. It is always conducted within a defined set of constraints Project management within the modern sense began in the Fifties though it has its roots more back in the later…show more content…
One of the forefathers of project management continues to be a familiar name today, Henry Gantt (1861-1919) the creator of the Gantt chart. Still in use, one hundred-years from their creation, Gantt charts are one of the project managers Most worthy tools. In the mid-20th century PERT charts emerged, complex network diagrams that show the important path of projects. Soon once this the United States Department of Defense created the Work Breakdown Structure, a tool used to break projects down into manageable items. These tools and techniques spread quickly as companies looked for new ways that to manage giant and complicated activities, evolving into project management as we understand it today. It is now sixty years since the birth of project management and much of the early work has been collected and place along into formal methodologies. Although several different methodologies exist, they all work with constant basic principles and good practice. You may expect we are expert when it involves running projects, but sixty years on and project…show more content…
A project structure can be usually designed successfully by considering the following three aspects 1. Project Goal An answer to the question “What has to be done” is usually a goal. This question leads to the project structure plan. This plan consists of work packages which represent enclosed work units that can be assigned to a personal resource. Now the structure is given by these work packages and their special relations and interdependencies to each other. 2. Project Timeline & Order A flow chart is a powerful tool to visualize the starting point, the endpoint and the order of work packages in just one chart. 3. Project Milestones Milestones define certain phases of your project and the corresponding costs and results. Milestones represent decisive steps during the project. They are set after a certain number of work packages that belong together in some kind. This series of work packages leads to the achievement of a sub-goal. Definition
Open Document