What is Project Management?

Project management is a combination of methods and disciplines used to define goals, plan and monitor activities and resources, resolve issues, and control costs, scope and schedule for a specific endeavor. 

According to the Project Management Institute (PMI), there are five stages or project management:

• initiation
• planning
• executing
• controlling
• closing

The PMI has developed the Project Management Body of Knowledge (PMBOK) for use across all project types and all industries. This body of knowledge has become the standard for individuals and organizations trying to adopt and execute Project Management.

In the real world, different industries and different types of projects require vastly different types of Project Management methods. R&D, Software Development, Defense, Construction and Biotech all have different challenges and cultures that require Project Management to be “localized”.

Pinnacle works with its’ clients to determine which aspects of Project Management are most important to your business and your Project Managers. We help you pick the elements you should adopt based on your current capabilities and your business needs. We lay out an incremental plan for our clients that advance their Project Management capabilities in an achievable, affordable and sustainable manner.

Pinnacle also knows that Project Management is a basic building block required for Project Portfolio Management (PPM), Earned Value Management (EVM) and Enterprise Project Management (EPM). All of these advanced organizational disciplines require solid Project Management as their foundation.

Talk to a Pinnacle professional if you are challenged with identifying where to start, which step to take next, or moving from Project Management to PPM, EVM or EPM, as we can help you to create the Roadmap that meets your specific needs. Give Us a Call or