What is Project Management?
Project Management is the planning, organising and overseeing of tasks and resources to achieve specific goals within a set (finite) timeframe and budget. It covers the entire lifecycle of a project – from initiation, planning, execution, monitoring and controlling through to project closure.
Project Management is utilised right across the board in various industries, to ensure that projects are completed efficiently and effectively – on time and on budget.
Are there different types of Project Management?
There are several popular Project Management methodologies or approaches, each with their own pros and cons. These include Agile, Waterfall, Lean, PRINCE2 etc.
At 2PM we’re not wedded to any particular approach – we can flex depending on client preference and/or based on our knowledge of what would be most appropriate for the project at hand.
What are the benefits of effective Project Management?
By having a rigorous, thorough and consistent approach to Project Management, you can ensure:
- Clear objectives and goals: Defined aims that guide the project and keep everyone focused on the desired outcomes.
- Thorough and detailed planning: A comprehensive blueprint outlining tasks, timeline, resources, and budget.
- Efficient resource allocation management: People, equipment and money.
- Effective risk management: Identification and mitigation of risks, ensuring proactive strategies.
- Good project oversight: Monitoring project progress through controls.
- Quality control: Ensuring high standards in deliverables and processes.
- Successful project closure: Finalising all activities, obtaining sign-off and documenting lessons learned for future improvement.
Want to know more?
Here are a few blog articles we’ve written to help you learn more about Project Management:
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Start a conversation with us today about how we can help you with Project Management. Reach out to us now to have a chat!