THE PROFESSION OF PROJECT MANAGEMENT Project Management is a by wxz21301

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									                THE PROFESSION OF PROJECT MANAGEMENT

Project Management is a set of principles, practices and techniques required to undertake
a project successfully.

Definition of successful project: A successful project is a unique endeavor or set of
related activities undertaken to produce a set of deliverables within clearly specified
time, cost and quality constraints to the satisfaction of beneficiaries / stakeholders..

Project Management evolved from being an additional responsibility assigned to
engineers, to that of a formal profession with a defined body of knowledge based on
specific principles and subject to qualifications and knowledge testing based on a formal
process.
Prior to 1993, there was only one organization offering project management certification,
the Project Management Institute (PMI), based in Philadelphia, USA. Incorporated in
1969, the PMI was formed with five volunteers, on the premise that the tools and
techniques of effective project management are common to and can be applied to
widespread projects regardless of the industry. To this end, the guide to the Project
Management Professional Body of Knowledge (PMBOK) was developed in 1981,
containing the standards and guidelines of practices that are widely used throughout the
profession.
Project Management continues to grow and develop and many universities in the United
States, Canada and also the University of the West Indies are presently offering degree
programs. At least three other recognized organizations are offering certification in the
field namely:
    (1) Association of Project Management (APM) in the United Kingdom
    (2) International Project Management Association (IPMA) of Europe
    (3) Australian Institute of Project Management.

The challenge of project management is not only ensuring that a project is executed
according to the constraints, but also that it meets the satisfaction of stakeholders. The
constraints of scope, time, cost and quality must be managed, and the impact of changes
and or adjustments must always be evaluated on these constraints, because changes to
one constraint will affect the other constraints.

Despite these and other challenges, many project managers and companies have
embraced the project management philosophy, even developing their staff structure to
reflect such. Some career paths for Project Management include Project Controller,
Project Coordinator, Project Team Leader, Project Manager, Program Manager and
Project Planner. Persons holding each of these positions possess varying degrees of skills
and expertise and experience.
Regardless of certification or position held, the Project Manager must make a personal
commitment to be professional in his every day activities on the project, focusing on how
to balance the needs of the beneficiaries and the project constraints. Professionalism and
Ethics must also be supported and instituted by the organizations which employ these
project managers. The profession is supported by advocacy bodies around the world.

								
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