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0:00
Hello. My name's
Mike Clayton and I'm
the founder of OnlinePMCourses,
which is an online platform for
project managers to learn
about project management.
Today, I'm going to
be talking about
the basics of classical
predictive project management.
What most of us mean when
we talk about
project management?
0:23
Let's start by thinking
about what a project is.
Now, to my mind,
four things
characterise a project.
The first is that we
are typically doing
something new,
novel, innovative.
We're creating something that
we haven't created before
whether it's a
service, or a product,
or a new process, or a
new way of doing things.
Secondly, projects tend
to have a time component.
They have a clear beginning
and a clear ending.
They are, if you like,
a finite endeavor and they
also have a budget
which is constrained.
Finally, projects are made up of
multiple tasks and activities
that interact with one another.
If you think about
it if there were
only one task or one activity,
it wouldn't be a
project, it would be
a task or an activity.
If there were multiple tasks or
activities that weren't
interconnected,
then I could
allocate one to you,
one to your colleague, or
one to another colleague and
you could go off independently
and work on them.
It's the fact that you
need to coordinate
with one another that
makes it a project.
1:30
The working definition that I've
come up with for a
project is this:
"A project is a
co-ordinated set of
tasks, which together create
a defined new product,
process or service, within
a constrained time
and resource budget.
