What is Project Management?

19.02.2020What is Project Management?

Project management is the practice of planning, controlling and applying knowledge of processes, skills, tools, deliverables and techniques to achieve specific goals.

Project management processes generally fall into five groups:

  • Initiating
  • Planning
  • Executing
  • Monitoring and Controlling
  • Closing

That’s what project management is, but what actually is a project?

Strictly speaking, everything you choose to do can be regarded as a project. We all encounter projects in our everyday lives - a shopping trip, planning a holiday, applying for a job, cooking a meal.

These might seem like mundane examples, yet every one has a defined start and end date, a goal, a scope, and resources. And importantly, they all require some level of management.

Isn’t the term ‘project’ more often used in business?

We might think of projects as applying to more formalised processes involving the creation of a unique product, service or result, often requiring a team effort.

In business, projects are typically operations designed to meet specific goals, such as constructing a house, writing a report or creating computer software. 

What’s an example of a really complex project?

Putting a man on the Moon is obviously a project that occupies a league all of its own in terms of the uniqueness of the product, the aspirations, the team effort required, the costs, risks, the objective, and a host of other criteria involved.

Experienced in Project Management, AEON have worked on a number of complex projects which have required a higher level of technical detail. Working across R&D, scientific, defence and civil sectors, we provide highly detailed analysis, planning, implementation, monitoring and adaptation throughout the lifetime of an initiative.

What do all of these project examples have in common?

Each has a specifically defined focus shaped by specific goals, resources and schedules, and all need planning, executing, monitoring and controlling. For those reasons, all demand to be expertly managed to deliver the on-time, on-budget results, learning and integration their organisations need.

Project management, then, is the application of knowledge, skills, tools, and techniques that need to be focused on project activities to meet the project requirements.

Have a project in mind?

As leaders in our field, we live and breathe all things project management. Learn more about AEON, what we do and get in touch today.

Written by Laura Sumares