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An artist's impression of the Homebush Bay master plan for the Sydney
2000 Olympic Games. Project Management techniques allow vast undertakings
to be managed effectively.
When planning a project it is important to consider the human and
material resources that are available.
Project Management gone wrong. It has been reported that the
construction of this building will cost up to four times the original
estimate for the project. It is an example of a project executed in an
atmosphere of delay and controversy and featuring not only an extraordinary
budget blow-out but a court battle and the resignation of the chief Project
Projects are singular, but non-routine, events with precise objectives
which must be achieved within a set timeframe. Projects are broken into a
set of activities designed to fulfil the stated objectives. Examples of
projects include the building of a house, the holding of an event like a
party or even something as simple as completing a school assignment.
Project Management requires the organisation of people, equipment and
procedures in an appropriate way to get a project completed within a set
timeframe and budget. A Project Manager is responsible for the coordination
of all these resources in order to achieve the project objectives.
* Purpose and aim of the project
* Resources available both human and material
* Costing, human and time constraints
* The tasks, procedures or activities required to complete the project
Project management techniques are used by organisations because they
ensure that organisational objectives and system objectives are being met
in a timely, accurate, relevant and complete manner. They provide a way of
controlling people, resources and procedures, and clearly identify the
tasks that must be completed and the desired completion time.