The temporary nature of projects Manage Risk As a project manager, you’ve got to be able to strike that ﬁne balance between being risk averse but also being willing to take the right risks where it counts. Use a project management tool to keep all the information that’ll go along with your project organized. (More on PM tools later.) Project Management Handbook - 9 - í Core Co upoe vts of Projet Maage ue vt 1.1 Project Management Definitions and Pre-Requisites 1.1.1 Definitions A generally accepted definition of a project is: A Pojet is defied as a tepoay edeaou udetake to eate a unique product, service or result. guidelines for using artefacts. Project Management is the use of knowledge, skills, tools, and techniques to plan and implement activities to meet or exceed stakeholder needs and expectations from a project. offers project management guidelines for portfolio management and Appendix C lists the references used in the development of this Guide. European Commission's Project Cycle Management Guidelines (2004) In 1992 the European Commission adopted “Project Cycle Management” (PCM) as its primary set of project design and management tools (based on the Logical Framework Approach), and a first PCM manual was produced in 1993. Application of Project Management . 2 Project Management ... process guidelines. PM² improves the effectiveness of project management by: improving communication and the dissemination of information. artefact templates. Estimating by Type of Resource People and travel drive the majority of the project expenses 28 Estimate Activity Resources: Estimate the type and quantities of people, travel and other project costs required for each activity People Both staff and consultants need to a set of effective mindsets. Types of Work . 800 East 96th Street, Indianapolis, Indiana 46240 Gregory M. Horine Project Management Third Edition The Guide should be used for the management of Information Technology projects. Project stakeholders Project stakeholders are individuals and organisations who are actively involved in the project, or Surveys of organizations using project management have • Project Management Plan Updates. The techniques of project management also help you manage and anticipate risks in a structured manner. project management because it allows you to plan and organize resources to achieve a specified outcome within a given timeframe. 4. Step 1.