Project Management Concepts

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Learning Objectives

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Discuss the use of project management approaches in organizations. Explain the approaches of different types of methodologies. Discuss the types of projects that would use a project management approach.

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What is Project Management?

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Project management (PM) is the process of initiating, planning, and utilizing resources for a specific, time-constrained goal. PM processes include initiating, scoping, implementation, resource management, risk management, and monitoring.

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Importance of Project Management

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PM is an investment of time, money, and materials; proper management prevents project failure. Good PM practice ensures direction, communication, budget management, and reduces risk.

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Agile Methodology

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Agile focuses on continuous improvement, flexibility, and adaptability throughout the project. It divides projects into increments and presents results at the end of each iteration.

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SCRUM Framework

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SCRUM resolves complex projects through adaptive processes and involves skilled, cross-functional teams. Key elements include Sprint planning, Daily SCRUMs, Sprint reviews, and retrospectives.

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Advantages and Disadvantages of Agile

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Agile may not be suitable for every project, especially those that require fixed end products.

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Advantages and Disadvantages of SCRUM

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SCRUM demands a well-trained team for successful implementation, balancing its advantages and disadvantages.

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Consequences of Not Using a PM Approach

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Lack of a structured approach can lead to miscommunication, budget overruns, and project failure. Failing to follow PM practices can diminish future project success and learning opportunities.

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Mind map of Project and Change Management concepts

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Diagram present.