PRINCE2 Project Management online essentials

Project management is essentially the planning, organizing, and managing of key business projects.  A project is a name for a specific stage in making a product or providing a service.  Some projects are simple software development activities, which are not described as a complicated managerial process.  Some projects have tight time schedules because it is a change management process in order to implement new processes.  The term project applies to all these and more. As outlined on a prince2 training online course.

Projects – definitions, definitions, definitions:

The definition of project is as follows: “A limited-time effort with social relevance aimed at a new and latent need- passionately managed, believed in, and understood by developing specific goals.”

Note that project is expected to finish in a defined period of time – usually from beginning/beginning/end( depending upon the project management scenario).

Projects are normally undertaken by a diverse group of people such as Product Development Team, Technical Design Team, Accounting/Bookkeeping Team, Human Resources, Technical Support Staff, Engineering Team, Office Staff, and many more (mostly external), but in many cases, by a single individual.

The definition of a project or programme is:

“An action that (usually from beginning to end) deliberately promises a favourable result and is worked to accomplish a distinct outcome in an agreed approach whilst reliable resources are (usually) committed.”

Note that a commercial project is normally undertaken by a commercial organization with a commercial interest in providing the best for their Customers.

Projects are like the stages of the life-cycle of a profit making business:

STAGE 1: attenuation,station,growth, pipl Trend 1-6, profit level £13m. STAGE 2: Begin(Analogy to the creation of a child, a child is faced with challenges that needs to be resolved for his/her survival – similar to survival of project managers and team members in the key business area). STAGE 3: Sleep(Changes activity into sleep – like a project’s milestones or sub-stages). STAGE 4: Growth(Changes in activities – like the life-cycle of a product). STAGE 5:åification( where theCD from stage 4 is no longer enough to keep the project health and focused). STAGE 6: Mortifications(After the project is over, which usually occurs or after final analysis and some top management has attended to the problem of the problem).

Projects are all about facing the elements of change.  Hence, Projects are like the stages in the life-cycle of a product in the following order:

STAGE 1: Begin

Stage 1 of a project is known as the beginning of the project and the end of a project is the end of the project.

Stage 2:)/STAGE concluded

Stage 2 is the continuation of the project, if the project is still going on.

STAGE 3: Growth

Stage 3 of a project means that, all resources that the project has used up are still needed and those resources will need to be used up.

Stage 4: Stability

Stage 4 of a project means that with the company policies, processes, and standards on point, the project has to lay down ground work before it is completed (like the stable foundations of a building before it is completed).

 Stage 5: Mortifications

Stage 5 is the end of the project, the end of all the expenditure, getting airgear and before it will be ready for occupancy.

STAGE 6: Mortifications(After the project is over, which usually occurs or after final analysis and some top management has attended to the problem of the problem)

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