Moreover, this cycle allows project managers to plan each task and activity meticulously to ensure the highest chances of success.

This process is known as the project management lifecycle, and it is the lifeblood of successful projects. When we break them down more specifically, we see that projects are amalgamations of tasks, activities, and deliverables that must be structured and executed carefully to achieve a desired outcome.īefore an outcome is achieved, each aspect of a project must go through phases of initiation, planning, and execution. Still, this is all very general information concerning what a project is. This applies to everything from developing new software to planning disaster relief efforts. Of course, some projects will be a mixture of both these things. Others require extended timelines to produce outcomes that will not need major improvements outside of projected maintenance-like public highways-for example. Some projects are engineered to quickly resolve problems.

Essentially, projects are temporary efforts to create value through unique products, services, and processes. To understand project management, we must look deeper into what constitutes a project.

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