Project Management for Dummies

Posted on 28th Jul 2016 14:10:40 in

In this world, everything we do leaves a trail of consequences behind, whether good or bad. When it comes to business this philosophy becomes increasingly important. If you or your business want to succeed, there are certain rules you have to play by, whether orthodox or not.

Technology giants like Google, Microsoft, Apple, Yahoo!, Facebook and Twitter to name a few know about the effect of consequences all too well. That is where project management comes to the rescue like Superman saving Louis Lane from numerous life-threatening situations (he is called the Man of Steel for a reason.Yeah! ).

According to Wikipedia, Project management is the discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria. Now although I agree with this definition there are certain instances where you don't have to follow the rules completely. Using a unique approach can very well be the key to separating yourself from your competitors, and that's usually a good thing.

One essential ingredient of Project Management is Planning. Not having a solid plan for any business venture is as risky as building a house on a weak foundation, thus there's a high chance it will collapse. 

Take a look at the following diagram:


Also take a look at this one:


And this one too:


Now from the above 3 project management models which word is common to all of them? That's right you guessed it, PLANNING. Don't get me wrong, the rest of the steps outlined in the diagrams are also important in the life cycle of management.

I hope now your are starting to get the picture, or pictures in this case (I know I know, bad joke!). So in closing what you need to remember is that in every business endeavor you undertake just plan before you go diving head first into it. Good luck!