Week 1 Discussion - Introduction to Project Management Life Cycle Introduction to Project Management & Project Management Life Cycle Introduction to Project, Project Management and Project Management...

Introduction to Project Management & Project Management Life Cycle

Introduction to Project, Project Management and Project Management Life cycle

First Reading Resource

Project Management -Project management is recognized as a necessary discipline within corporations and governmental agencies. The planning, organizing, and tracking of projects are recognized as core competencies by for-profit and nonprofit organizations of any size. Projects are mini-enterprises, and each project is a crucial microcosm of any business or organization. You may not be an entrepreneur, but as a project manager you are an “intrapreneur.” Think about it: projects consume money and create benefits. Consider the percentage of your organization’s dollars that are invested in projects, and the amount of your organization’s bottom line generated through projects.Read Chapter 1 in its entirety.

Second Reading Resource

Project Management-According toA Guide to the Project Management Body of Knowledge, a project is "a temporary endeavor undertaken to create a unique product, service, or result." The broader definition states that a project is "an endeavor that requires an organized set of work efforts that are planned in a level of detail that is progressively elaborated as more information is discovered." Projects should result in developing a new product or service, improving or modifying existing goods, services, and procedures. The bringing together of skilled resources to create something new or different using effective management processes is the cornerstone of project management. In practice, project management is defined as "the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements”. A project manager should be able to identify project requirements, address the various needs, concerns, and expectations of the stakeholders as the project is planned and carried out, and also to balance the competing project constraints in terms of project scope, quality, schedule, budget, resources and risk.Read Unit 1 in its entirety

Project Management Life Cycle-Every project has a life cycle, or a series of milestones and accomplishments that must be met throughout the project. The first stage of the project management life cycle (PML) is initiation. In this stage, the project is chartered and mission statements, as well as the project's overall goals, are defined. The project manager is identified and the team is assembled. In this stage, some organizations draft a mission statement just for the project.Please read Unit 2 in its entirety.

Instructions:

Introduce yourself to the class. Share where you work or plan to work after completing your program, your family, and any hobbies or special interests. Also, tell us why you are taking this course and what you hope to gain from obtaining your degree. In addition, please take a look at the course objectives in the syllabus, discuss the relevance to your career goals, and address the items below:

1. Discuss theThreeof theSevenCharacteristics of a Project &Twocharacteristics of Project Management


2. Discussthree of the Key Knowledge Areasof Project Management


3. What is Project Life Cycle? How many phases are there in a Project?

Instructions:Your initial post should be at least 250 words.