Project Management: What It Is, 3 Types, and Examples

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Top Highlights

• On a very basic level, project management includes the planning, initiation, execution, monitoring, and closing of a project.

• Many different types of project management methodologies and techniques exist, including traditional, waterfall, agile, and lean.

• Project management is used across industries and is an important part of the success of construction, engineering, and IT companies.

• planning, initiation, execution, monitoring, and closing.

• budget and a time frame.

• 1. Waterfall Project Management This is similar to traditional project management but includes the caveat that each task needs to be completed before the next one starts.

• gile project management is an iterative process focused on the continuous monitoring and improvement of deliverables.

• customer value, team interactions, and adapting to current business circumstances.

• 3. Lean Project Management

• The main idea behind them is to create more value for customers with fewer resources.

• They then assign tasks to the project team, which can include developers, engineers, technical writers, and quality assurance specialists.

• uch as Gantt charts or PERT charts, to determine which tasks are to be completed by which departments

• The project manager also makes sure the team has the resources it needs to build, test, and deploy a software product.

• acquires smaller companies, a key part of the project manager's job is to integrate project team members from various backgrounds and instill a sense of group purpose about meeting the end goal.

• Project managers may have some technical know-how but also have the important task of taking high-level corporate visions and delivering tangible results on time and within budget.