What is Project Management? Comprehensive Guide For You

What is Project Management? Comprehensive Guide For You

Each company implements certain projects to bring efficiency and development to the company. All the projects that companies undertake have a definite purpose, time and aim to create value through a unique outcome, product or service. Project managers are in charge of and oversee these initiatives. Now, let’s take a closer look at what exactly project management is and what the role of a project manager is in this article.

What is a Project?

Before learning about project management, we need to understand what constitutes a project. Projects are essentially short-term attempts to generate value through distinctive goods, services, and procedures. Some initiatives aim to solve issues rapidly. Others need longer periods of time to develop results. Projects are actually a collection of tasks, activities, and deliverables that must be meticulously planned and carried through in order to produce the desired results. Each project component must go through the initiation, planning, and implementation phases before results can be realized. The project management lifecycle is this procedure, and it is what makes projects successful.

What is a Project?

What is a Project Manager?

The project manager organizes and drives the planning and execution of initiatives that help the organization achieve the desired results. While professional project managers often have certifications in various project management areas, it’s not required. Anyone can become a project manager. Project managers will be interested in the Project Management Professional (PMP) exam. These exams assess project management knowledge and whether the professional can apply that knowledge when planning and implementing projects.

Project management process

When you study project management, you’ll find most models organize activities into three basic stages:

Stage 1: Research and planning

Typically, an organization will undertake some level of research to determine the validity of a project. This can be in the form of market research, user research, competitive analysis, or other activities. These steps help to define goals and requirements, work methods and work plans.

Stage 2: Project implementation

Project execution can take place in a variety of ways, whether your team uses a Waterfall project management approach, an Agile approach, or a hybrid approach. Teams will collaborate with stakeholder groups to present work, accept feedback, and complete agreed deliverables, leading to the final deliverable.

Stage 3: Check

After a project has been launched, it’s time to make sure it’s on track to its goals. Then discuss what will work best and why. Document decisions, come up with a process, and be ready to discuss and change it as needed.

Project Management Approaches

Waterfall Methodology

This method of project management is conventional. It follows a sequential and linear process for work completion, and each project phase must be finished before moving on to the next. Progress also moves forth in a single direction, much like a true waterfall. Because everything is planned out from the start and there is a lot of space for mistakes if projections or expectations don’t match reality, it may also instantly turn deadly. Furthermore, once a stage has begun, it cannot be stopped midway through.

Project Management Approaches

Agile Methodology

This methodology was developed as a result of growing unhappiness with conventional project management techniques that used a linear approach and were unable to modify the project as it moved forward. With this, the emphasis starts to shift to iterative models, which let teams make changes to their projects as needed along the way rather than needing to wait until post-review to do so.
Agile project management practices are based on the ideas of collaboration, flexibility, and openness to data-driven change. It is made up of brief work sessions interspersed with regular checks, reevaluations, and modifications.
Agile Methodology

Hybrid project management

This approach combines elements of Agile with traditional project management. This approach allows Agile-ready teams to do repetitive work while enjoying more autonomy than teams working under the command and control of a traditional project manager. That way, work is completed in an Agile manner, but progress is reported back to stakeholders using Gantt charts and other traditional methods they are more familiar with.

Project Management Skills

  • Certificate Course in Project Management
    This is one of the best ways to improve your project management skills. There are now courses available online as well as offline that give you the technical expertise and practical skills you need to navigate and lead complex projects to completion. It will also help you connect with global industry experts who can guide you forward in your career.
  • Practice accumulating experience
    After you have earned a certificate in project management from a prestigious university, all you need to do is gain practical experience with the knowledge and skills you have acquired you will It takes some time to understand the application of these certificates.

Project manager roles and responsibilities

Project manager roles and responsibilities

The project manager’s role can vary slightly from place to place, but the basics of what a project manager does for a team are pretty consistent. The project manager’s role involves a variety of tasks and responsibilities, including:

  • Implement project management methods
  • Planning and scoping
  • Create a project plan
  • Workflow management
  • Resource allocation and planning
  • Estimated time/cost
  • Analyze and manage risks and issues
  • Monitor and report project status

To be effective, you must earn the trust and respect of your teams and have endorsements from senior management.


Project management is a vital aspect of modern business and organizations, and encompasses a set of processes and techniques aimed at planning, executing, and closing projects successfully. Effective project management can help ensure that projects are delivered on time, within budget, and to the required quality standards, while also improving teamwork, communication, and stakeholder satisfaction.

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