1.1 Project management

What does project mean?

  • a planned piece of work that has a specific purpose (such as to find information or to make something new) and that usually requires a lot of time” (Merriam-webster.com)
  • a task or problem in school that requires careful work over a long period of time” (Merriam-webster.com)
  • It’s a temporary group activity designed to produce a unique product, service or result.” (pmi.org)


Why do we define a project?

• Work is getting more and more complex: many stakeholders, high costs, long timeframes, unforseeable events.

• Need to plan, organize, control and monitor an entity of the costs, resources, scope and quality.


  • Key concepts:
    • task, problem
    • planned work, careful work
    • period of time, temporary
    • specific purpose, unique result


Figure 1.1: What is a project?

What does project management mean?

  • “Planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations.” (BusinessDictionary.com)
  • “Is the application of knowledge, skills and techniques to execute projects effectively and efficiently.” (pmi.org)


Why do we need project management?

  • A comprehensive set of processes to deliver in time, on budget, be within the scope.
  • Need for well planned set of acts to become successful.



  • Key concepts:
    • executing interrelated tasks by the application of knowledge, skills and techniques
    • limitations: costs and others


Figure 1.2: What is project management?

Project management can be applied

  • in general, for example:
    • building a new bridge in a valley
    • developing a new data analysis software
    • performing a research experiment
    • almost everything that requires some work to achieve a specific result
  • at personal level, for example:
    • acquiring a BSc degree after high school
    • learning a new language
    • building my dream house