Sunday, 8 May 2011

Project Management - A Buzz Word


We all must be very much familiar with the term "Project Management". In our day to day life we use this term "Project Management" very often. But we never take a look into from where this term came from. Many of us would say it’s a term which came into existence in last 100 years.
Even though the term came into existence in last 100 years but we all were following the meaning of this term from the time when early man first produces the fire with the stones; for producing the fire he first have to make sure that he has all the material that is required to carry out this activity then he make sure that all the environmental factors are in the favor of this activity i.e. there is no rain and no fast blowing winds. By managing all these factors he was able to carry out his fire producing project. 
To understand the real meaning of Project Management we have to break this term into two parts and then understand these words separately in order to understand the concept behind it.
The very first word is "Project", whenever we do anything we call it project. Whether it’s a small in size or large in size, or of short period or of long period. A project is something which has a definite start and a definite end. It's not something which keeps on repeating itself. Two projects can be of similar type but they can't be same. for example, if we take cooking as a project even though you cook daily but every time you cook something different and even if you cook the same dish there is always variation no matter if you follow the same procedure, taste will always varies i.e the outcome is not the same every time. So whenever you undertake any activity or task then do remember that it is nothing else but a project.
Now let’s understand the second word "Management". Most of you must be hearing this word on a daily basis. Management is used in reference to manage something whether its time, money or even you life. Management is part of our daily life. We start our day with managing time; we make sure we reach Office, College or University on time. Then we make use of money management in order to manage our daily expenses like the one that we spent on our food, groceries, travelling and drinks.
So we knowingly or unknowingly make use and even implement management in our day to day life. 
Till this point we have discussed the meaning of the two words Project and Management separately. If we join these two words

  PROJECT + MANAGEMENT = PROJECT MANAGEMENT

we get to the buzz word "Project Management", and from our previous discussion we can conclude that the real meaning behind this term is "Carrying out an activity by managing all the factors those can affect or get affected by this activity".


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