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Project Management

University of Toronto_050922A
[University of Toronto]


- What is Project Management?

Project management is the process of leading the work of a team to achieve goals and meet success criteria at a specified time. The primary challenge of project management is to achieve all of the project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, budget. The secondary challenge is to optimize the allocation of necessary inputs and apply them to meet pre-defined objectives.

The objective of project management is to produce a complete project which complies with the client's objectives. In many cases the objective of project management is also to shape or reform the client's brief to feasibly address the client's objectives. Once the client's objectives are clearly established they should influence all decisions made by other people involved in the project – for example project managers, designers, contractors and sub-contractors. Ill-defined or too tightly prescribed project management objectives are detrimental to decision making.

A project is a temporary endeavor designed to produce a unique product, service, or result with a defined beginning and end (usually time-constrained, and often constrained by funding or staffing) undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value. The temporary nature of projects stands in contrast with business as usual (or operations), which are repetitive, permanent, or semi-permanent functional activities to produce products or services. In practice, the management of such distinct production approaches requires the development of distinct technical skills and management strategies.

- Virtual Project Teams and Project Management

The rise of the Internet and development of collaborative software have instilled a new dimension into project management. Virtual project teams are those where at least one member of the team is remote from the others. Due to a combination of globalisation, outsourcing, the use of the most talented people wherever they are based, flexible working, and more, virtual projects are on the rise. Today's project manager needs to be able to deliver projects virtually.

The EITA accomplishes project success through teams led by project managers.



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