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MANAGEMENT
Group Member ID
1. Dawit G/hiwot …………………… ATE/9474/08
Project management is a practice that can be found everywhere. Project management does not
belong to any specific domain or a field. It is a universal practice with a few basic concepts and
objectives
The traditional project management uses orthodox methods and techniques in the management
process. These methods and techniques have been evolved for decades and are applicable for most
of the domains. But for some domains, such as software development, traditional project
management is not a 100% fit.
Therefore, there have been a few modern project management practices introduced to address the
shortcomings of the traditional method. Agile and Scrum are two such modern project management
methods.
project managers should monitor and control the outcomes against the plan in the
following areas:-
Project Integration Management
Project Scope Management
Project Time Management
Project Cost Management
Project Quality Management
Project Human Resource Management
Project Communications Management
Project Risk Management
Project Procurement Management
Project Stakeholder Management
1.3 PROJECT DEVELOPMENT VS PRODUCT MANAGEMENT
Product — what you are providing to a group of users. It can be anything: a physical product
that you hold in your hands, a software application, or a service that you are delivering.
Project — a plan with a series of activities that has a defined outcome and a fixed start and
end date. The project is completed when that outcome is accomplished.
Product manager — often described as the CEOs of their products. They set the
strategy, prioritize releases, talk to customers, and clearly define features. Their
efforts are ongoing and involve managing the entire lifecycle of the product. A
product manager’s goal is to deliver a product that customers love.
Project manager — oversee a fixed project from beginning to end. It can be a single
project or a group of projects. Their job is to execute the strategy set by the product
manager or leadership team. A project manager’s goal is to work with a broader team
with a diverse set of skills and to complete a project on time and under budget.
A project hierarchy has lots of advantages for the organization. With the help of the hierarchy, it
is being possible to determine the sequence of tasks, determine the expectation of each and every
level of the project team and also to schedule the projects.
Project Owner
Project Sponsor
Project Manager
Team Leader
Team Members