We have the discipline of initiating, planning, executing, controlling, and closing the work
of a team to achieve specific goals and meet required success criteria. A project is a temporary endeavour designed
to produce a unique product, service or result. It will most likely have a defined or desired start and end time and
is always constrained by time, budget and resources.
By nature projects stand in contrast to ‛business as usual’, which is more or less characterised by repetitive activities
to produce products or render services. In practice, the management of projects, which will always imply some kinds of
unpredictable factors, is different, and as such requires distinct management strategies, knowledge and technical skills.
The objective of project management is to achieve all of the project goals within the given
constraints and external preconditions. The project goals and all relevant information are usually described up-front in
a project manual, compiled by the project management specialists in co-ordination with the customer.
The primary challenge is constraints, scope, time, available resources, quality and budget. The secondary and more ambitious
challenge is to orchestrate and optimise the allocation and timing of all available resources to exactly meet all pre-defined
objectives in the most effective and economic way.