Why do so many projects fail? We see it all the time. Largely they fail to plan. And, as a result, they are effectively planning to fail. At MICAN, we practice project management at the highest levels as prescribed by the Project Management Institute. MICAN’s team members have years of experience and many hold the PMI’s PMP designation. So, they have studied the PMI methodology and earned by examination that best approaches to running successful projects.
Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time. The primary challenge of project management is to achieve all of the project goals within the given constraints.
A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources.
And a project is unique in that it is not a routine operation, but a specific set of operations designed to accomplish a singular goal. So a project team often includes people who don’t usually work together – sometimes from different organizations and across multiple geographies.
The development of software for an improved business process, the construction of a building or bridge, the relief effort after a natural disaster, the expansion of sales into a new geographic market — all are projects.
And all must be expertly managed to deliver the on-time, on-budget results, learning and integration that organizations need.
Project management, then, is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.
It has always been practiced informally, but began to emerge as a distinct profession in the mid-20th century. MICAN adheres to the PMI’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide) which identifies its recurring elements:
Project management processes fall into five groups:
- Monitoring and Controlling
Project management knowledge draws on ten areas:
- Human resources
- Risk management
- Stakeholder management
All management is concerned with these, of course. But MICAN project management brings a unique focus shaped by your business goals, resources, and schedule of each project. MICAN understands the core three drivers of every project – cost, scope, and time. As the old adage goes, you can have any two of these as business priorities but you can rarely get all three in harmony. If you want it fast and at a low cost, then the scope is compromised. Likewise, if you wan the scope to be fixed, and the budget to be held to, then the schedule will likely be extended. The magic is to seek a balance between these three core tenets of project management.