Hey 2.02ers!

I'm back and it's time to blog again. Today we are going to kick things off by talking about Project Management; What is it, methodologies involved and breaking down the life cycle. In this, part 1, we will be dissecting the first two phases: Project Initiation and Project Planning. Hang around for part 2, which will finalise the phases with Project execution and control, and Project closure.

So without further ado, let's kick things off.

What is Project Management?

Put simply, project management is the discipline of planning, leading, monitoring and organizing a team and resources in order to effectively bring about the successful completion of a project based on predefined budget, time, quality, scope and resources allocated.

What is the project management life cycle?

That's a question I get asked quite a lot when consulting with firms on project management and procedural process management alike. In theory, the project management life cycle is dependant on the industry, the methodology used by the manager and other factors - however, there are generally four stages of the project management life cycle. These include Project Initiation, Project Planning, Project execution and control, and Project closure. Let's take a look at the first two:

1. Project Initiation

In kicking off a project,