Project Management

Project Management: Project management is a systematic methodology to planning and guiding project processes from start to finish. According to our experts at Aspect, the processes are guided through five stages:

1. initiation,
2. planning,
3. executing,
4. controlling, and
5. Closing.

Project management can be applied to almost any type of project and is widely used to control the complex processes of software development projects.

Project management is chiefly associated with planning and managing change in an organization, but a project can also be something unrelated to business – even a domestic situation, such as moving house, or planning a wedding. Project management methods and tools can therefore be useful far more widely than people assume.

Project management, then, is the application of knowledge, skills and techniques to execute projects effectively and efficiently. It’s a strategic competency for organizations, enabling them to tie project results to business goals — and thus, better compete in their markets.

In organizations and businesses, project management can be concerned with anything, particularly introducing or changing things, in any area or function, for example:
– IT and communications
– new business development
– finance, administration, acquisition and divestment
– storage, distribution, logistics
– legal and professional