Have you ever found it difficult to assemble your projects accordingly? Or do not know where to begin with a project? As we move into new phases, a lot has been changing in our professional lives. One aspect that has become common projects. Today, companies and organizations finalize a deal with appropriate presentations of the projects. This requires you to elaborate on the skills, methods, techniques, policies, and several other aspects of your project. While the experts know it well, the new faces in the professional world bore a huge challenge.

This is why understanding what is project management has become essential. This includes knowing all about project management. The project management meaning involves a massive number of key points that are required. So, you as a fresher can create the project without missing out on any important points. 

The importance of project management also lies in understanding the organization’s working mind. This enables better strategizing of projects with the organization’s aims as a priority. Project management for beginners also refers to organizing the compe=onents of the project. This again requires them to know both about the structure and add creativity to project management. Apart from knowing project management, there are several other aspects that must be known. This includes types of project management, its fundamentals, applications, and significance. 

Takeaway

Projects have replaced the professional world. This has immensely contributed to the concept of project management. Knowing what is project management will give an insight about using this concept efficiently. 

Before we dive into the topic, let us know what is project management first. 

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What Is Project Management?

In the crudest sense, project management refers to the curation, organization, and structuring of a project. Today, projects are used as a medium to see the demo of hypothesized plans in the light of reality. That is, using projects gives us an insight into whether the plan would work and how we could make it work. It also opens up the challenges and helps us correct them before we implement the plans. 

According to the research, the answer for what is project management is the achievement of the objectives for a plan in the organization [1]. Project management has been in long use for external organizations. That is, implying project management is meant only for plans such as building a skyscraper, or a bridge. However today, project management has surfed into internal organizations as well. Be it designing a product or opening a new branch, project depiction is a necessary step. [1] 

Project management refers to the designing of projects that are essentially aimed to transfer from expectations to reality. It stands as the middle part of the bridge, between planning and execution. The importance of project management also lies in leading to effective, efficient, and quick implementation as well. Project management offers tools to the organization to plan, implement and control its activities [1]. This ultimately helps in maximum utilization of people and the resources available. 

Project management has also been deeply influenced by two factors. These are modernization and technology. If we look at the old styles of project management, it included more about physical presence and choices. There were a series of town hall meetings, visits to project sites, demonstrations to the people, and involvement of local media. However, today, if not entirely, the project management meaning has changed vividly. Modern tools from the technological world and our computers have made it easier for project management. We do not require a physical visit to the project site, rather we can have the 3D look at it in our meeting rooms. 

Besides all these changes, the meaning of what is project management still holds on to its roots. We consider the importance of project management as it guides us to cover up all the possibilities and challenges for projects. It is the initial step to understand how projects work in an organization and for an organization. 

Takeaway

Project management refers to the curation, organization, and structuring of the projects. In the beginner’s sense, it refers to the use of tools with prior knowledge about creating projects. The project management meaning has taken a different format too. 

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Types Of Project Management

Project management has different kinds. However, there are 7 primary types of project management that are used commonly. The importance of project management and these types can be understood in detail. Here is a detailed explanation of each type of project management. 

Waterfall Project Management

This type of project management is considered to be one of the oldest patterns. In this type, the project is curated and worked by the team in waves. This means that one part of the group is completely dependent on the other part. Conclusively, these parts make up the entire project after working on their particular assignments. Synced working is a challenge prevalent in this style. If the bugs and complications are left unattended in any one part, the entire project would collapse or be ruptured. 

Scrum Style Project Management

In the scrum style, it is about working very rapidly in small parts known as ‘sprints’. This means that the work for the project has a very short time, generally a one-month timetable. In this style, there is a huge challenge of misplacement or missing out on parts. Since the task is done rapidly, there is no time to waste. This type of project management usually requires a team with active workmates. 

Agile Patterned Project Management

The Agile pattern is similar to the scrum style. It is the old version of the scrum style. In this pattern, there is a particular methodology to work in sprints or small chunks. This style or type of project management was considered to be more versatile and quicker than the waterfall pattern. working through this type, however, requires you to have a very well-versed team. Nothing should fall and work continuously to achieve the project making at the earliest. 

Kanban Project Management

In this type of project management, the focus relies on the organization of the focus. Time here in this style is considered to be secondary. The Kanban-style looks at how many tasks are there in the project making. It then tries to reduce or streamline them, ultimately achieving the project in the quickest time. The importance of project management in this type is to focus on organizing which indirectly curates the project in time. Also, this type of project management is suitable for factory-like output which remains the same. 

Lean Styled Project Management

This type of project management is similar to the Kanban type, however, it has one more element added to it. This type of project management works in prioritizing customer needs first. That is, all the steps to create the project are taken in the favor of customers and to serve them. In this type of project maintenance, the mindset is created for the customers. All the services are designed to project assistance and comfort to the customers. This pattern of project management aims at providing customers with timely and comfortable experiences. 

Six Sigma Project Management

The main goal in this type of project management is to look at the output of any project. So, any project that is bound to be made, has to demonstrate the output. This type of project management is suitable for organizations that are more particular to know about the expected outcomes. It also emphasizes creating the results or the end outcomes of the project for the customers. The Six Sigma style inculcates an amalgamation of customer needs and output concepts together. 

PRINCE2 Project Management

This pattern of project management is devoted and used prominently by the private sector and companies. This type of project management focuses on achieving efficiency and reducing the potential risks. These risks may arise as this type of project management focuses on product-based projects. This pattern also focuses on dividing the projects into chunks so as to achieve the optimum efficiency. 

These are the 7 most common types of project management used across different sectors. These types imply different meanings for what is project management. 

Takeaway

There are 7 types of commonly used project management. These are:

  • Waterfall Project Management
  • Scrum Style Project Management
  • Agile Patterned Project Management
  • Kanban Project Management
  • Lean Styled Project Management
  • Six Sigma Project Management
  • PRINCE2 Project Management

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Benefits Of Project Management

Benefits Of Project Management
Benefits Of Project Management

The importance of project management emphasizes so many areas of benefit too. It not only guides in project curation but also helps in taking care of the tiny details [2]. These tiny details are otherwise either missed or interpreted in the wrong light. Below are the points that emphasize over benefits for project management for beginners:

  • The use of project management ensures that there is a proper structure to the projects made.
  • With project management, the presenting team or organization can easily fit in their objectives for the particular project.
  • Project management helps in the coordination of cross-functional work, that is it also maintains the aspects than the project creation only. 
  • With project management, it becomes easier to share the expectations and updates with the stakeholders. 
  • With project management, it becomes easier to organize work and planning in one place. 
  • Project management helps in knowing what exactly can be done next once the project is made. 

These are the benefits of implementing project management. Project management for beginners should be about knowing how to create a project. It should help them in streamlining and putting out the main information in a proper chronology. 

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Parting Note

With the world pacing so fast, projects have taken a very pivotal place. We need them everywhere. Right from our schools, to offices and organizations. With knowing what is project management, it becomes easier for the freshers to understand where to start with their projects. From an organization’s perspective, project management meaning stands for aligning the projects with expected outcomes, services, and aimed objectives. 

There are 7 types of commonly used project management. These are:

  • Waterfall Project Management
  • Scrum Style Project Management
  • Agile Patterned Project Management
  • Kanban Project Management
  • Lean Styled Project Management
  • Six Sigma Project Management
  • PRINCE2 Project Management

The benefits of project management come in a plethora. This includes the duration of the project and its structuring. It also increases communication and keeps everything organized in the same space. With project management, it is an easy task to keep all things sorted while framing projects. 

Common FAQs

  1. What is the main purpose of project management?

The main purpose of project management is to plan, manage and assist in the curation of projects to meet the prerequisite goals and needs. It also helps in eliminating any kind of risks and taking all the precautions beforehand. 

  1. What are the SMART objectives in project management?

The SMART objectives in project management are:

Specific, Measurable, Attainable, Relevant and Time-Bound

References

[1] Meredith, J. R., Shafer, S. M., & Mantel Jr, S. J. (2017). Project management: a strategic managerial approach. John Wiley & Sons.


[2] Gido, J., & Clements, J. (2014). Successful project management. Cengage Learning.

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