Business

A Projection of Success: Dealing with Your First Project

Whether you’re looking for a new management job in business or are starting your own business, it’s vital that you get to grips with the way a project needs to be managed. These are the key steps of project planning that you need to get familiar with. There are, of course, a lot of other elements you need to keep in mind that you will learn about, but these are the elements you really need to kick off with!

The initial team

You need to have a clear idea of precisely who is going to be calling the shots and making the big decisions here. Those who are chosen to be the overall project manager are usually people who have a lot of experience in the field, but many of them aren’t actually formally certified. This isn’t to say that they won’t do the job properly, but if you’re looking to give yourself an edge in this career path then you should look into something like a Certified Associate in Project Management course. You can find good CAPM exam prep if you’re interested.

Scope

There are two elements of scope that you need to concern yourself with. The first is that of the project scope itself – how the work is to be completed. The second is the product scope, which focuses on the scope of what is being produced. The features and functions of the product you’re making and the scope of the project itself are, of course, tightly linked. If you want to add features to the product, then you need adjust the project scope. This becomes a very tight and complex juggling act, and the best project managers know how to keep all the balls off of the ground! (Or, at least, most of them.)

Risk management

So what exactly will happen if mistakes are made? This is something that an alarming amount of project managers don’t actually fully consider. To be fair, the discipline of risk management in the development of a project is very complex and, even from a formal perspective, can only be taught about so much. The risks your project may face are going to be unique to your business, product, and circumstances. If possible, every task should have the potential risks to their completion accounted for during the planning phases. And if you’re struggling to think of potential risks, then I’ve got a handy list of about 130 of them right here.

Resources

Does any business really have enough resources? Perhaps the most common problem in the business world is that of resource allocation in a pursuit where resources always seem scarce. Time, employees, money, skills, space – these are all resources that need to be taken into consideration when dealing with a project. If you’re operating within a business that is focussing solely on one project, then things are complex enough. But many businesses will have several teams that are all working on different projects. In which case, you’ll actually need to fight for resources! (Hopefully this doesn’t turn into actual fighting, but trust me when I say that I have seen some very bitter battles for office resources across different projects!)

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elliott

elliott

Ive been blogging now for 5 years on various sites for the love of knowledge share. I decided to start my own blog a few years back to share everything from tech to business news. Follow me on twitter for more.