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Project Management Work Book and Pmp®/Capm® Exam Study Guide, Tenth Edition by Frank P. Saladis, Harold Kerzner

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Chapter 1. PROJECT MANAGEMENT OVERVIEW

Note

Project management itself is not a new concept. It has been practiced for hundreds, even thousands of years. Any large undertaking requires a set of objectives, a plan (and continuous planning), coordination, the management of resources, and the ability to manage change. Today, the project management approach has become more formal and many organizations have adopted a "management by projects" approach. Some organizations have established project management offices or PMOs to assist them in developing standards for managing projects. As the project management discipline evolves, organizations around the world are experiencing the benefits of project management. These benefits include better scheduling of resources, improved estimating, higher levels of quality, early identification of issues and problems, and more effective measurement processes to assess success.

Projects are defined as temporary, they have a start and an end date, and they provide a unique product or service. Project management is the application of knowledge skills, tools, and techniques to project activities to meet project objectives. Effective project management is accomplished through the application and integration of project management processes that will assist in the initiation, planning, execution, monitoring, controlling, and closing of a project and each phase of a project. A project manager is assigned to a project and becomes accountable for the success of ...

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