Categories
Business

Defining the Project

INTRODUCTION

Project Management has been defined as – the consolidation of activities that are instrumental in achieving a set of goals. This includes planning, work scheduling and management of risk, the latter being to mitigate the failure of the project during it’s’ lifecycle of development.  Project Management lifecycle refers to the phases that a project goes through. In methodology terms this is sometimes referred to as a ‘waterfall approach’, owing to the incremental build process e.g. Project Initiation, Analysis, Design, Construction, Implementation.  A Project Management work breakdown structure (WBS) refers to a hierarchical build of the activities that can be built within the concept of a project plan i.e. Gantt