In this video, you will learn about the components of a project, including definitive schedule, specific goal, and established budget.
- Communication is crucial in projects. Let's make sure we're on the same page and define what a project is. A project is a temporary endeavor that has a unique goal and usually a budget. Let's break this definition down into its components. First, a project is temporary. Unlike day-to-day operations, a project has a definite beginning and end.
If a project seems to go forever, it could be doing just that because you haven't clearly defined what you're trying to accomplish. That brings us to the project goal. A project produces a unique result, whether it's a product, service or other outcome. Say your company wants to update its conference center to wow potential business clients.
Lots of companies have centers like these, but building each one has its own unique features and issues. Maybe you meet around a conference table or perhaps you deliver demos in theater with elaborate audio/visual presentations. You could be building your center as part of a new building or you could be remodeling your existing one. Each project is unique. Finally, most projects have budgets.
Most of the time, you think money when you hear the word budget. In projects, you're likely to face other constraints, such has how many resources you can use and how much time you have. Remember, a project isn't the same as operations. Operations represents work that's the same day after day, producing the same result. Here's an example.
I was in charge of the technical support group at a software company. Every day, our team opened and closed support requests. Sure, each request was unique, but we basically performed the same tasks day after day. That's operations. However, besides my operational work, I was assigned to modify our systems and take advantage of our international offices so we could begin providing 24 hour technical support.
That effort had a specific beginning and end, a unique goal and you better believe it had a budget. In money and resources time. That was clearly a project. Over your lifetime, you've probably worked on lots of projects, both at work and at home. Right now, think about work you've done over the past year. A project is temporary endeavor with a unique goal and usually a budget.
Using those characteristics, list the projects you've worked on during that time. Identifying the project's time frame, what made the project unique and it's budget.
Bonnie Biafore has always been fascinated by how things work and how to make things work better. In this course, she explains the fundamentals of project management, from defining the problem, establishing project goals and objectives, and building a project plan to managing team resources, meeting deadlines, and closing the project. Along the way, she provides tips for reporting on project performance, keeping a project on track, and gaining customer acceptance.
Lynda.com is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.
The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
- Defining the components of a project
- What it takes to be a project manager
- Using project management software like Microsoft Project
- Managing project scope, budget, and schedule
- Managing project resources, including people
- Managing project risk
- Initiating a project
- Identifying and managing stakeholders
- Identifying requirements and deliverables
- Developing a project plan
- Building a project schedule
- Assigning resources to tasks
- Understanding the critical path
- Running the project
- Managing teams
- Monitoring performance
- Closing a project
Skill Level Beginner
Project Management Foundations: Communicationwith Doug Rose1h 47m Appropriate for all
Project Management Foundations: Budgetswith Bob McGannon1h 11m Appropriate for all
1. Getting to Know Project Management
2. Exploring Project Management Knowledge Areas
3. First Things First
How to develop requirements4m 19s
4. Developing a Project Plan
5. Building a Project Schedule
6. While You Run the Project
7. Working with Teams
8. Monitoring and Controlling Progress and Performance
9. Closing a Project
- Mark as unwatched
- Mark all as unwatched
Are you sure you want to mark all the videos in this course as unwatched?
Take notes with your new membership!
Type in the entry box, then click Enter to save your note.
1:30Press on any video thumbnail to jump immediately to the timecode shown.