Definition of a Project
Any work that:
• Has a temporary endeavor with a beginning and an end.
• Creates a unique product , service or result.
• Done for a purpose.
• Has interrelated activities.
• Is progressively elaborated – distinguishing characteristics of each unique project will be progressively detailed as the project is better understood
Definition of a Program
• A program is “a group of projects managed in a coordinated way to obtain benefits not available from managing them individually”. Many programs also include elements of ongoing operations as shown in the following examples:
Examples of Programs
• The “XYZ airplane program” includes both the project or projects to design and develop the aircraft, as well the ongoing manufacturing and support of the craft in the field.
• Utilities often speak of an annual “construction program,” a regular, ongoing operation that involves many projects.
Project Portfolio Management
• Project portfolio management refers to the selection and support of projects or program investments. These investments in projects and programs are guided by organization’s strategic plan and available resources.
What Is Project Management?
Project Management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. The project team manages the work of the projects, and the work typically involves:
• Competing demands for: scope, time, cost, risk, and quality.
• Stakeholders with differing needs and expectations.
• Identified requirements.
Project Management Body of Knowledge (PMBOK)
• An inclusive term that describes the sum of knowledge within the profession of project management. As with other professions such as law, medicine, and accounting – the body of knowledge rests with the practitioners and academics that apply and advance it. The PMBOK includes proven, traditional practices that are widely applied, as well as innovative and advanced ones that have seen more limited use.
General management encompasses planning, organizing, staffing, and controlling the operations of an ongoing enterprise. It also includes supporting disciplines such as law, strategic planning, logistics, and human resources management
Key General Management Skills
General management is a broad subject dealing with every aspect of managing an ongoing enterprise. Among other topics, it includes:
• Finance and accounting, sales and marketing, research and development, and manufacturing and distribution.
• Strategic planning, technical planning, and operational planning.
• Organizational structures, organizational behavior, personal administration, compensation, benefits, and career paths.
• Managing work relationships through motivation, delegation, supervision, team building, conflict management, and other techniques.
• Managing oneself through personal time management, stress management, and other technique.