Question: What Are The Basic Concepts Of Project Management?

What are the types of project?

Types of Projects:(1) Manufacturing Projects:(2) Construction Projects:(3) Management Projects:(4) Research Projects:A project usually has three objectives:(1) Function or Performance:(2) Containment of Expenditure within Budget:(3) Time Scale is the Third Factor:.

What are characteristics of project?

Six Characteristics of a Project A project is typically for a customer. The project is temporary in nature. It typically has a defined start and a defined end-point. The project will have a unique set of requirements that need to be delivered within the boundaries of this project.

What is importance of project management?

Project management is important because it ensures what is being delivered, is right, and will deliver real value against the business opportunity. Every client has strategic goals and the projects that we do for them advance those goals.

What are the 4 phases of project management?

Planning, build-up, implementation, and closeout.

What are the five fundamental project management concepts?

Developed by the Project Management Institute (PMI), the five phases of project management include conception and initiation, planning, execution, performance/monitoring, and project close.

What is the concept of project?

Simply put, a project is a series of tasks that need to be completed in order to reach a specific outcome. A project can also be defined as a set of inputs and outputs required to achieve a particular goal. Projects can range from simple to complex and can be managed by one person or a hundred.

What are the types of project management?

While there are numerous project management types, there are seven primary ones that get used the most often.Waterfall Project Management. … Agile Project Management. … Scrum Project Management. … Kanban Project Management. … Lean Project Management. … Six Sigma Project Management. … PRINCE2 Project Management.

What are the four fundamentals of project management?

Project Management consist of six distinct Phases ; initiation , planning , implementation , monitoring , adapting and closure .

What are the six phases of project management?

These include preparing handbooks, training the end users, setting up support team, writing project report, evaluating the project, transferring to the concerned team and dismantling the project. The six-phase model is designed on the rule – ‘think before you act’.

What are the concepts of project management?

Project management is the discipline of initiating, planning, executing, controlling and closing the work of a team to achieve specific goals and meet specific success criteria. A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources.

What are two important concepts of project planning?

A plan should be feasible, challenging, realistic, usable, efficient and optimal.

What are the five major characteristics of a project?

A project plan can be considered to have five key characteristics that have to be managed:Scope: defines what will be covered in a project.Resource: what can be used to meet the scope.Time: what tasks are to be undertaken and when.Quality: the spread or deviation allowed from a desired standard.More items…