I’ll cover almost every facet of project management, including the project life cycle, process groups, knowledge domains, work breakdown structures, scheduling, and pricing.
In essence, project management is enjoyable, but more importantly, it is simple. It isn’t a profession in and of itself. It isn’t the same as accounting, auditing, or consulting. Project management is a complimentary discipline that makes it much easier to manage your tasks. It’s that simple. And the best part is that it can be used by almost any expert, be it an accountant or a chemist.
It just so happens that they don’t always realise they’re in charge of projects. They were, nevertheless, projects. So, if you’re seeking for a basic framework to grasp project management and put into practise at work, you’ve come to the perfect place. I believe you will be able to include Project Management as a talent on your resume. Also, if you’re studying for the PMP exam, the PMBOK guide will make things a lot clearer. The PMBOK guide is over 500 pages lengthy, as you can see. It’s a really long book, and I must say, it’s quite boring. You will find the PMBOK tutorial to be really simple to follow. It’s all about grasping the principles, after all.
What exactly is a project? Doesn’t it have a seductive tone to it? Project… I really like how it sounds. I’m curious as to how awesome that would sound in French. Project… A project, on the other hand, is a short-term endeavour to develop a one-of-a-kind answer. That’s operations, to be sure. No The distinction between a project and operations is straightforward. A project comes to an end. As a result, it’s only a matter of time. You finish your project, end it, make a one-of-a-kind product/service/or whatever result you desired, and you’re done. In operations, however, it is ongoing and repetitious. You’ve probably also come across the terms programme and portfolio. Let me just give you a quick rundown of what they are. A programme is a collection of projects. Combined. Combined. Portfolio is the same way. Several programmes have been combined. So there’s a project, a programme, and a portfolio.
Now, before I go any farther, I’d want to take a long breath. You must comprehend something crucial. You’ll need two techniques to complete any project. The project life cycle is the first, and the project management method is the second. Most people get these two mixed up. And if you don’t understand these, you can forget about the PMP certification. It’s remarkable how many YouTube content creators get these two mixed up. They can’t be used interchangeably. A project lifetime must not be confused with a project management process. Don’t worry, I’ll make things as simple as possible for you. Let’s have a look at the Project Life Cycle first. The Project Life Cycle is specific to a project, an industry, and your requirements.
It’s highly customizable. Think of it like this; a human development is a project. So, your life cycle is;
4) Teenage hood.
Teenage hood. Is that a word? Teenaging?
6) And death Easy stuff right?
So, let’s pretend it was an IT project. I’m not an IT expert, but I think something like this would be nice: high-level design Testing and Installation of a Detailed Design And there’s also turnover. This is the life cycle of a project. The term cycle is a little perplexing in this context. Because you don’t get to be conceived and born again when you die. I believe. Who knows, though. Or you don’t get to design the product again once you hand it over to the client. As a result, it isn’t really a cycle. It’s just a muddled term that they employ. It’s in a logical order. It is the order in which successive phases of a project are completed.
And these phases are specific to your project and requirements. Like the examples I presented previously, a project life cycle can have one or more phases. There is no single method to determine a project’s optimum structure. A feasibility study, for example, may be treated as the first phase of a project by one company, the third phase by another, or it may not be included at all by another. As a result, it’s one-of-a-kind. I know I said multiple times, custom made, custom made,,, but you’ll soon understand why I had to repeat it multiple times.