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9.1 Project management concepts
Project management concepts are the fundamental principles and ideas that guide the planning, execution, and delivery of projects. Some of the core concepts in project management include:
- Project scope: the boundaries of a project, including the work that must be completed and the work that is excluded
- Project schedule: a timeline that outlines the start and end dates of a project and its various milestones
- Project budget: the amount of financial resources allocated for a project, including both direct and indirect costs
- Resource allocation: the distribution of personnel, materials, and equipment to ensure that the project is completed efficiently and effectively
- Risk management: the process of identifying, assessing, and mitigating potential risks that could impact the success of a project
- Stakeholder management: the process of communicating and collaborating with individuals or groups who have a vested interest in the outcome of a project.
- Change management: the process of planning and implementing changes to a project, including changes to scope, schedule, budget, or other project elements.