All about Projects

While every  project has its own unique characteristics and different industries come with their specific challenges and requirements, there are fundamental principles—often referred to as golden rules or thumb rules—that have consistently proven effective in ensuring the successful execution of end-to-end project management and seamless project delivery.  These principles serve as guiding frameworks that help project managers navigate complexities, mitigate risks, and achieve desired outcomes efficiently. Here’s a breakdown of the most important rules: ✅Clear Objectives & Vision Define the end goal early and keep clarity in what you want to achieve. Ensure everyone understands the project purpose, success criteria, scope and objectives. Use SMART (Specific, Measurable, Achievable, Relevant, Time-bound) goals. Know and align the scope with organisation's vision. Keep the team informed of these objectives and purpose of the project. ✅  Stakeholder Engagement Identify a...

As per PMP-PMI, projects are broken down into five phases. You can think of these phases like steps you take when doing any project, whether it's planning a birthday party or building a new office or deploying a product feature. The 5 Project Phases are as follows: 1. Initiation (Getting Started / Deciding What to Do) Here, we identify the project's purpose, define the scope, know the objectives and stakeholders and determine the feasibility.   You figure out what needs to be done and why.  You ask:  "Is this project worth doing?" "What is the goal?" "Who is in charge?" Daily Life Example: You're thinking about organizing a family reunion. You talk to family members to see if they’re interested. You decide yes, it's worth doing. Business Example: A company decides to launch a new product. They check if there’s a market and if they have the money and people to make it happen. 2. Planning (How to Do It) In this phase, we create a detailed pla...

Let's talk about...  What do you mean by a Project? A project is a temporary endeavor or a task you do to create something new or achieve a goal. It consists of: A start and an end. Specific goals or results. Scope, Budget and Timelines. Involves planning, resources, teamwork, stakeholder engagement . Think of it as different from your everyday routine" that you work on for a specific outcome. Let's talk about few examples to understand from daily routine and from business point. Daily Life Examples 1. Planning a Birthday Party Goal: Celebrate someone’s birthday. Start & End: Planning starts weeks before, ends after the party. Tasks: Book venue, invite people, buy cake, decorate. Outcome: A successful party. 2. Renovating Your Kitchen Goal: Make your kitchen look better or work better. Start & End: Starts when you plan, ends when it's done. Tasks: Hire workers, buy materials, design the space. Outcome: A new kitchen. 3. Planning a Vacation Goal: Go on a trip an...