Project Management Simplified (2024)

FAQs

What is project management simplified? ›

PMI defines project management as “the use of specific knowledge, skills, tools, and techniques to deliver something of value to people.” In simple terms, project management means the process of leading a team to hit goals or complete deliverables within a set timeframe.

Project management is the act of planning, organizing, and managing a project in order to achieve a predefined goal or outcome. All types of businesses rely on projects to achieve many of their short-term and long-term goals, because projects are how things get done.

#1: Define your objectives

Once you have a good understanding of the overall goal, you can start to break it down into more specific objectives. Some things to keep in mind when defining your objectives: Make sure they are SMART: Specific, Measurable, Achievable, Relevant, and Time-bound.

The Waterfall methodology is, perhaps, the most simple and effective project management methodology. Also referred as Software Development Life Cycle (SDLC), it focuses on making a solid plan and effective execution. That's why this traditional project management methodology is simplest and easiest to understand.

On a very basic level, project management includes the planning, initiation, execution, monitoring, and closing of a project. Many different types of project management methodologies and techniques exist, including traditional, waterfall, agile, and lean.

Much of the job boils down to scope, schedule, and budget, and although they require a vigilant eye and keen mind, they're not necessarily hard to do once you have some experience. The soft skills, however, can be quite difficult.

In a nutshell, project management is the discipline of planning, organizing, securing, managing, leading, and controlling resources to achieve specific goals.

These seven dimensions (7C's) are: customers, competitors, capabilities, capital, channels, communication, and coordination.

What are the 5 stages of project management? ›

The project life cycle includes five main stages: initiation, planning, execution, monitoring and controlling, and closure. Keeping an eye on the completion of each phase helps ensure the project stays on time and within budget.

You can learn these skills by reading project management guides, taking project management courses, or attending workshops. There are a number of free resources that can help you to learn these skills, such as our blog.

The initiation phase is the first part of the entire project management life cycle. This stage aims to define the project, develop a business case for it, and get approval.