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Technology Project Management is the art of managing an Engineering Project through its entire lifecycle. It has a definite beginning, a definite purpose, and a definite end. Typically, a Project will have 5 phases: Initiate, Plan, Execute, Control & Monitor & finally Closure.
It is also important to note that Project Management is different from Product Management.
The Project Management phases are explained as below:
Initiate -> Here project kick-off happens - Project feasibility - Go - No go decisions happen.
Plan -> Here various project parameters are discussed, estimates for cost and duration are laid, tools, logistics and resources are laid down.
Execute - > Here we execute the project as per plan.
Control & Monitor - We control and monitor the project execution. Any plan deviations are recorded, and corrective measures are applied as needed.
Closure - Finally once the project exit criteria is met, the project ends and all resources are released to a different project and complete documentation is handed over to the relevant stakeholders after project signoff.
There are various reputed Project Management endorsing organizational bodies which update project management frameworks on a timely basis and offer certification in these areas.
Illustration
Fig : - Project Management Lifecycle
Disclaimer : The above Blog is Author's own perception and the reality may have some variance.
This is revisiting some of the older Blogs already sent.
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