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). Continue reading