Project Management Fundamentals

📋 Course Outline

1. Project Life Cycle
2. Waterfall Phases
3. Waterfall Advantages
4. Waterfall Disadvantages
5. Agile Principles
6. Agile Frameworks
7. Scrum Roles and Events
8. Kanban Principles
9. Agile vs Waterfall
10. Real-World Applications
11. Implementation Challenges
12. Future Trends in PM

📖 1. Project Life Cycle

🔑 Key Concepts & Definitions

• Project Life Cycle: The series of phases that a project passes through from initiation to closure, providing a structured approach to managing projects.
• Initiation Phase: The first stage where the project’s purpose, feasibility, and scope are defined; involves stakeholder identification and project charter development.
• Planning Phase: Establishes detailed project objectives, scope, schedule, resources, and risk management plans; sets the foundation for execution.
• Execution Phase: The implementation of project plans, where deliverables are developed and completed; involves coordinating resources and team efforts.
• Monitoring and Controlling: Ongoing process of tracking project progress, managing changes, and ensuring project stays aligned with goals; involves performance measurement and adjustments.
• Closure Phase: Finalization of all project activities, formal acceptance of deliverables, documentation, and release of resources; includes post-project evaluation.

📝 Essential Points