What is the role of project ma...

What is the role of project management?

The role of project management

The primary role of project management is to lead a project while respecting the triple constraint of cost, quality, and time.

The objective of project management is for the project to achieve its ultimate goal, which is to create value by moving the organization from its current state to its desired future state.

The project lifecycle

A project generally comprises five phases: from project initiation to its closure.

Each phase consists of a set of tasks that contribute to achieving a common project objective.

The goal is to create value, which transforms a project from its current state to its desired future state.

How to unfold these project management steps

Here are the 5 phases of the project lifecycle:

Initiation: This phase marks the beginning of the project and its objective is to define the project in broad strokes. It generally begins with a business case and ends with a project charter.

Planning: This phase is key to successful project management and focuses on developing a roadmap that everyone will follow. It generally begins with setting objectives and defining the project scope and ends with developing a project plan.

Execution: After starting and planning the project, an execution plan adapted to the project's objectives must be implemented. This execution plan must clearly represent the project statement as well as its execution methods.

At the end of this phase, deliverables are submitted to the participants and stakeholders.

Monitoring and Control: This phase runs parallel to the execution phase, where the project's progress and performance are measured, while ensuring compliance with the project management plan.

Key performance indicators (KPIs) are defined and used to monitor the project and ensure it stays on track.

Closure: While the completion of deliverables is certainly an important part of a successful project, the closure phase should not be overlooked. This phase includes numerous tasks such as: preparing the project summary, evaluating the project, compiling lessons learned, and closing accounts and contracts.