According to "A Guide to the Project Management Body of Knowledge" from the Project Management Institute, a project is a temporary endeavor undertaken to create a unique product or service. Projects and operations differ primarily in that operations are ongoing and repetitive, while projects are temporary and unique.
The scope of the project will determine the type of project management oversight required. Without project management techniques, potential problem areas go unreported or unnoticed and often stray from project objectives. Historically, cost and schedule overruns commonly exceed 20% of target cost and target completion. Identifying potential road blocks early is important for short-term success, which increases the potential for long-term success.
The Business Technology Project Management Oversight map identifies project oversight techniques and methods - from simple projects to large projects. Project Management Oversight is the best possible way to minimize schedule delays, reduce cost overruns, and improve project quality.
- Identify project management oversight techniques and methods
- Learn project management techniques and best practices