- Process of managing and implementing company goals and objectives.
- Goals and objectives are then further segmented into specific activities
that are executed to accomplish them. These specific activities comprise
various functional elements, such as Marketing, Finance, Operations, etc.,
which are brought together for a common purpose.
Scope & Requirements
The scope of a project involves determining elements such as time,
space, depth, and resources involved. Requirements involves
determining the actual physical and intellectual assets necessary to
accomplish the project.
Milestones
Key chronological points that denote/chart important events along the
evolution of a project. Milestones are used to ensure that critical
points in the project have been accomplished, and to eyeball the
evolutionary path of a project.
Materials
Procuring the necessary equipment, tools, supplies and raw materials
to either support or accomplish the goals of a project.
Template
The actual business model which outlines the blueprint of a project.
It usually shows all the inter-related parts, phases, and functionalities
of a project, and they must be integrated.
Execution
The phase of a project which follows determination of scope,requirements, materials and template. It is the call to action which brings to fruition the goals and objectives of a project (i.e. it is the act of carrying out all tasks and activities necessary to realize the project).
Workflow management
Developing, charting, administering, and monitoring the actual job and
tasks that are necessary to be performed by all project participants and
functionalities. It is usually the process of delegating the work that
must be done by the appropriate work groups or individual employees.
Measurement and Reporting
Measurement involves the application of statistical and financial figures and ratios which are used to determine if a project is meetingthe budget and/or plan.
Reporting involves the collection, summarization and conveying of facts and figures in a specified format for further analysis and/or to aid in decision-making (closely related to Tracking).
Reassessment
Involves taking a step back when you’re close to finishing a project
or have actually completed it, and then determining lessons learned
and best practices, identifying problems, and taking the proper
