FOC INFORMATIVE WEBINAR - WHAT IS PROJECT MANAGEMENT? Part 1

Project management is an overhead, but is it a necessary one? According to the Project Management Institute, for every US$1bn spent on projects worldwide, some US$122m is wasted. However, organizations that employ effective project management are seeing 71% of their projects achieving their original goals, versus 52% in places where project management is not a priority. So project management definitely contributes to higher project success rates.

This one-hour introduction to project management will:

• Start with the basics and define what a project is and what project management is.
• Present some very public project failures and tease out the reasons for these.
• Explain how project management helps organizations to avoid disasters

1. What exactly is a project?
2. What project management weakness led to particular failures?
3. What is the Triple Constraint?
4. What knowledge areas make up project management?
5. What are the different project lifecycle phases?