Important Take-Aways from Class. Feel free to add yours

Project management is a rationally planned and organized effort to attain a specific goal. It comprises organizing, coordinating, and managing different tasks and resources for the successful completion of the project. A project lasts for a definite period and then finishes. Projects are usually made up of different diverse elements (the four basic elements of a project: resources, time, money, and most importantly, scope) or mini-tasks that are completed separately and finally combined to make the completed project.

A rational order of activities that are applied to attain the project’s goals or objectives is known as the project life cycle.
Most projects experience similar stages on the path from origin to completion and the ubiquitous goals of meeting performance, time, and cost are the major considerations throughout the project's life cycle.

The life cycle of a project manager overlaps with the development life cycle because the duties of a project manager start before the development and continue even after the delivery of the product.

1. Project initiation:
Project initiation is the first step in the project development cycle, and in simple terms: starting up the project. A project is initiated by defining its reason, business goals, and scope. The cause for initiation and the suggested solution to be implemented must be defined. A project team is put together to define early milestones and preliminary
budget proposals. The information in project initiation assists in performing an end-of-phase study for getting a “GO No GO” decision.

2. Project planning:

COMPLETE THE LEARNING BY COMMENTING
Important Take-Aways from Class. Feel free to add yours Project management is a rationally planned and organized effort to attain a specific goal. It comprises organizing, coordinating, and managing different tasks and resources for the successful completion of the project. A project lasts for a definite period and then finishes. Projects are usually made up of different diverse elements (the four basic elements of a project: resources, time, money, and most importantly, scope) or mini-tasks that are completed separately and finally combined to make the completed project. A rational order of activities that are applied to attain the project’s goals or objectives is known as the project life cycle. Most projects experience similar stages on the path from origin to completion and the ubiquitous goals of meeting performance, time, and cost are the major considerations throughout the project's life cycle. The life cycle of a project manager overlaps with the development life cycle because the duties of a project manager start before the development and continue even after the delivery of the product. 1. Project initiation: Project initiation is the first step in the project development cycle, and in simple terms: starting up the project. A project is initiated by defining its reason, business goals, and scope. The cause for initiation and the suggested solution to be implemented must be defined. A project team is put together to define early milestones and preliminary budget proposals. The information in project initiation assists in performing an end-of-phase study for getting a “GO No GO” decision. 2. Project planning: COMPLETE THE LEARNING BY COMMENTING
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