A set of coordinated efforts in time (Kerzner, 1995) A set of people and other resources temporarly assembled to reach a specific objective, normally with a fixed budget and with a fixed time period. Projects are generally associated with products or procedures that are being done for the first time or with procedures that are being altered (Graham, 1990)

A project can be defined as a temporary endeavor undertaken to create a unique product or service (Project Management Institute, A guide to the Project Management Body of Knowledge – PMBOK Guide)

An activity aimed at achieving a unitary objective over a certain period of time using a joint effort of a set of resources.

• Uniqueness
• Constraints
• Planning, execution and control
• Different resources
• Limited duration 

Management refers to the controlling and planning of details (Bauer 1998). By judicious use of available means the actual decisions are made and actions are carried out to achieve the objectives (Storey 1960).

Project Management: application of knowledge, skills, techniques and instruments to satisfy project requirements Highlight critical situations and provide alternatives timely Empowering all stakeholders on specific objectives Provide realistic view of the project during its lifecycle Draw a future evolution forecasting framework of the project

The process of managing a project from start to finish by allocating, utilising and monitoring (limited) resources in order to fulfil (project) requirements within a predefined time frame.

It is therefore necessary to:

• Verify and resolve existing resource constraints and any conflicts that may arise

• Align the strategic orientation of the organisation where this influences the achievement of the project objectives

• Define shared governance

A manager’s primary challenge is to solve problems creatively. While drawing from a variety of academic disciplines, and to help managers respond to the challenge of creative problem solving, principles of management have long been categorized into the four major functions of planning, organizing, leading, and controlling (the P-O-L-C framework).

Four crucial functions can be used to summarise management ideas. Planning, organising, leading, and controlling are these tasks. The P-O-L-C framework offers helpful direction for the optimal managerial position.

Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives. Planning requires that managers be aware of environmental conditions facing their organization and forecast future conditions. It also requires that managers be good decision makers.

It is a procedure with a number of steps. The first step in the process is environmental scanning, which essentially implies that planners need to be aware of the significant risks to their business from the perspective of the economy, their rivals, and their clients. The next step is for planners to try to predict future conditions. Planning is based on these estimates.

Planning is considered a basic function of management. It means that a plan is necessary for any other managerial function, be it organising, directing, staffing, or controlling:

1. Planning dictates how to effectively organise a business. It encompasses determining necessary future activities, assigning them to the right personnel, delegating authority, providing tools and raw material, etc.;
2. Having a plan of action facilitates directing as it makes instructions, guidance and motivation grounded in a brand strategy;
3. Planning inform staffing, as it shows what work-force a company will need.
4. Establishment of standards and measurement of actual performance-controlling is done against the expectations that planning sets.

The first distinction we can make is between:

• Informal planning gives a short-term focus, which might be necessary for the business to operate. In an organisation, various units can have their own informal plans.
• However, if the company wants to grow and reach ambitious goals, the process of planning should be formal, written, specific, and involve common organisational goals.

Although planning is a basic function of management, in practice, many managers neglect it. You may think that they do not need formal types of planning, as they can use their strategic vision and gut instinct to keep the organisation on track even without it. However, this is not true. Here are the key reasons why managers fail to create a strategic plan:

• They underestimate the importance of planning
  Many managers adopt a get-things-done mentality, failing to pause and consider what they actually need to do. They are unwilling to make any changes since they do not comprehend how planning might impact performance.

• They lack time for planning
  It takes a lot of time to plan, and managers have too many duties. Managers frequently only consider strategic strategies while driving to work or at home as a result. This could lead to a lack of planning. Planning should be specifically scheduled by managers. If a manager finds it difficult to devote enough time to this position, they should assign extra tasks and refrain from micromanaging.

• They lack meaningful objectives and goals
  Sometimes, managers avoid planning because there is no goal that will engage or motivate them to do so. This often happens with companies that operate without any mission statement. 

• They have too much reliance on their experience
  Some managers may have achieved success without planning, leading them to believe that planning is pointless. Instead of favourable circumstances, they credit their own abilities with their accomplishment.

• They lack self-discipline
  Setting and achieving objectives, whether they be personal or organisational, needs commitment and self-control. Managers frequently need to build their own talents and abilities in order to plan well.

• They do not have the necessary knowledge
  There are many tools used in planning such as SWOT analysis, PESTLE Analysis, VRIO Framework, environmental scanning, resource analysis, etc. If a manager didn’t get good training in management, he/she may fail to plan effectively and thus see no sense in it. It may also be that they lack experience in certain areas – creating a marketing plan is very different from operational planning.

If you understand the importance of planning in management and want to grasp all the benefits of this function, consider the following 5 factors that determine the effectiveness of planning.  

Organizing is the function of management that involves developing an organizational structure and allocating human resources to ensure the accomplishment of objectives. The structure of the organization is the framework within which effort is coordinated. The structure is usually represented by an organization chart, which provides a graphic representation of the chain of command within an organization. Decisions made about the structure of an organization are generally referred to as organizational design decisions.

Organizing involves both:

• The design of individual jobs within the organization. Decisions must be made about the duties and responsibilities of individual jobs, as well as the manner in which the duties should be carried out. Decisions made about the nature of jobs within the organization are generally called “job design” decisions.
• The design of organization level, deciding how best to departmentalize, or cluster, jobs into departments to coordinate effort effectively.

What is it?
A deliverable-oriented hierarchical decomposition of the work to be executed by the project team to accomplish the project objectives and create the required deliverables, with each level of the WBS representing an increasing detailed definition of the project work. It represents the fundamental structure for correlating and integrating different types of information: times, costs, responsibilities.

What it is used for?
A tool through which it is possible to:

1. Fully identify all aspects of the work
2. Assign responsibilities
3. Generate work plans at the various required scheduling levels
4. Generate estimates
5. Collect progress data

The OBS represents the project organisational structure, the structured allocation of project responsibility levels; it serves to: Identify and assign responsibilities; Define and communicate the decision-making process; Integrate time/cost information according to the defined responsibility structure.

A project OBS is a depiction of the project organization arranged to indicate the reporting relationship within the project context. The OBS reflects the way the project is functionally organized.

It is a direct representation and description of the hierarchy and organizations that will provide resources to plan and perform work identified in the WBS. The OBS helps management focus on establishing the most efficient organization, by taking into consideration availability and capability of management and technical staff.

Project Managers are responsible for the creation of an OBS for their assigned projects.

A Gantt chart is a commonly used graphical depiction of a project schedule. It is a type of bar chart showing the start and finish dates of a project’s elements such as resources, planning, and dependencies.

Key takeaways:

• A Gantt chart is a visualization that helps in scheduling, managing, and monitoring specific tasks and resources in a project.
• It consists of a list of tasks and bars depicting each task’s progress.
• The horizontal bars of different lengths represent the project timeline, which can include task sequences, duration, and the start and end dates for each task. A Gantt chart can vary in complexity and depth, but will always have three key components: activities or tasks that are to be done, running along the y-axis; milestones or progress stages indicated along the x-axis (either on the top or bottom of the chart); and progress bars, denoted as horizontal bars, denoting how far along each task is at any given point.
• It is the most widely used chart in project management.
• Gantt charts can be used in managing projects of all sizes and types.

Henry Gantt was a social scientist and management consultant who also held a degree in mechanical engineering. He worked in the field of scientific management, developing methods to streamline and increase the productivity of corporations and their workforce. He created the Gantt chart in the 1910s to help supervisors understand the progress of their labour force and to ensure tasks were on schedule.

 Source: https://www.freepik.com/free-vector/gradient-template-gantt-chart_10182353.htm#query=gantt%20chart&position=2&from_view=search&track=sph

Time management is the process of planning and controlling how much time to spend on specific activities. Good time management enables an individual to complete more in a shorter period of time, lowers stress, and leads to career success.

Benefits of time management
The ability to manage your time effectively is important. Good time management leads to improved efficiency and productivity, less stress and more success in life. Here are some benefits of managing time effectively:

After considering the benefits of time management, let’s look at some ways to manage time effectively:

• Set goals correctly
  Set goals that are achievable and measurable. Use the SMART method when setting goals. In essence, make sure the goals you set are Specific, Measurable, Attainable, Relevant, and Timely.
• Prioritize wisely  
  Prioritize tasks based on importance and urgency. For example, look at your daily tasks and determine which are:
  • Important and urgent: Do these tasks right away.
  • Important but not urgent: Decide when to do these tasks.
  • Urgent but not important: Delegate these tasks if possible.
  • Not urgent and not important: Set these aside to do later.
• Set a time limit to complete a task
  Setting time constraints for completing tasks helps you be more focused and efficient. Making the small extra effort to decide on how much time you need to allot for each task can also help you recognize potential problems before they arise. That way you can make plans for dealing with them.
• Organize yourself
  Utilize your calendar for more long-term time management. Write down the deadlines for projects, or for tasks that are part of completing the overall project. Think about which days might be best to dedicate to specific tasks. For example, you might need to plan a meeting to discuss cash flow on a day when you know the company CFO is available.
• Remove non-essential tasks/activities
  It is important to remove excess activities or tasks. Determine what is significant and what deserves your time. Removing non-essential tasks/activities frees up more of your time to be spent on genuinely important things.
• Plan ahead
  Make sure you start every day with a clear idea of what you need to do – what needs to get done THAT DAY. Consider making it a habit to, at the end of each workday, go ahead and write out your “to-do” list for the next workday. That way you can hit the ground running the next morning.
• Take a break between tasks
  When doing a lot of tasks without a break, it is harder to stay focused and motivated. Allow some downtime between tasks to clear your head and refresh yourself. Consider grabbing a brief nap, going for a short walk, or meditating.

Let’s also consider the consequences of poor time management

		You have a loss of control over your life since you are unsure of what the next task is. That could make you feel more stressed out and anxious.
Poor time management results in wasted time. For example, by talking to friends on social media while doing an assignment, you are distracting yourself and wasting time.		Poor time management typically makes the quality of your work suffer. For example, having to rush to complete tasks at the last minute usually compromises quality.
Poor efficiency results from a lack of planning and goal-setting. But if you don't prepare in advance, you can find yourself needing to go back and forth or backtrack while working. That results in decreased production and efficiency.		Client expectations and your employer's opinion of you are negatively impacted if you are unable to deliver jobs on time. Clients are likely to do business with you elsewhere if they can't trust you to complete tasks on schedule.

Teamwork is important in every workplace. In-person, virtual, or hybrid environments mixing remote and in-person all thrive on teamwork. Work collaboratively is the only way to achieve a team’s shared goals.

Teamwork is crucial for many reasons than just increased productivity. You feel appreciated for your contributions and have a better working environment when you are a member of a successful team. You get to work on important projects that matter. Work that has significance increases your commitment and well-being in addition to making you feel valued.

Ten benefits of teamwork:

1. Better problem solving
2. Increased potential for innovation
3. Happier team members
4. Enhanced personal growth
5. Less burnout
6. More opportunities for growth
7. Boosted productivity
8. Smarter risk taking
9. Fewer mistakes
10. Expanded creativity

Great teamwork requires great relationships, which in turn require:

• Trust which allows people to be open and honest with each other. Establishing trust means do not have to spend time wondering if folks are knifing you in the back. It means being prepared to admit making a mistake, being uncertain, and saying sorry for treating a colleague badly.
• Mutual respect where people can have different opinions without being criticised or ridiculed for doing so.
• Awareness of self and others: this means having emotional intelligence, taking responsibility for your words and actions, and having empathy with those around you.
• Diversity not just accepting diverse views and opinions, but actually welcoming them for what they add to the team.
• Open and honest communication which is, of course, a pre-requisite for any good relationship regardless of the selected communication medium and which allows high-quality sharing of information.
• Listening: making an effort to truly understand another’s view of the world.
• Managing conflict which means focusing on the issue, not the personalities involved in a difference of opinion.

Team building is a management technique used for improving the efficiency and performance of the workgroups through various activities. It involves a lot of skills, analysis and observation for forming a strong and capable team. The whole sole motive here is to achieve the organization vision and objectives.

The manager responsible for team building must be able to find out the strengths and weaknesses of the team members and create the right mix of people with different skill sets. He must focus on developing strong interpersonal relations and trust among the team members.

The manager must encourage communication and interaction among the team members and also reduce stress with the help of various team-building activities.

Team building is not a one-time act. It is a step by step process which aims at bringing a desirable change in the organization. Teams are usually formed for a particular task or project and are mostly for the short term.

1. Identify the need for team building: the manager has first to analyse the requirement of a team for completing a particular task. It should find out the purpose of the work to be performed, required skills for the job and its complexity before forming a team;
2. Define objectives and required set of skills: next comes the chalking down of the organizational objectives and the skills needed to fulfil it
3. Consider team roles: the manager considers the various aspects, i.e. the interactions among the individuals, their roles and responsibilities, strengths and weaknesses, composition and suitability of the possible team members.
4. Determinate a team building strategy: now the manager has to understand the operational framework well to ensure an effective team building. He/She must himself/herself be assured of the objectives, roles, responsibilities, duration, availability of resources, training, the flow of information, feedback and building trust in the team.
5. Develop a team of individuals: at this stage, the individuals are collected to form a team together. Each member is made familiar with his roles and responsibilities within the team.
6. Establish and communicate the rules: the rules regarding the reporting of team members, meeting schedules, and decision making within the team are discussed. The individuals are encouraged to ask questions and give their views to develop open and healthy communication in the team.
7. Identify individual’s strengths: various team-building exercise are conducted to bring out the strengths of the individuals. It also helps in familiarizing the team members with each other’s strengths and weakness.
8. Be a part of  the team: at this point, the manager need to get involved with the team as a member and not as a boss. Making the individuals realize their importance in the team and treating each member equally is necessary. The team members should see their manager as their team leader, mentor and role model.
9. Monitor performance: next step is checking the productivity and performance of the team as a whole. It involves finding out loopholes and the reason for it. This step is necessary to improve the team’s performance and productivity in the long run.
10. Schedule meetings: one of the most crucial steps is to hold purposeful meetings from time to time to discuss team performance, task-related problems and discuss the future course of action.
11. Dissolve the team: lastly, the manager needs to evaluate the results and reward the individuals on their contribution and achievement. Finally, the team is dispersed on the fulfilment of the objective for which it was formed.

One of the primary responsibilities of a manager is to ensure the completion of all tasks on time and strict adherence to policies. And for this leadership skills are important. Leadership skill involves: Creating and sharing a vision of possible achievements by the organization Communicating with employees and creating good interpersonal relations Motivating and inspiring team members to perform better.

Leading also ensures that the managers create a positive environment at work. This also helps improve the performance of each employee or group of people, boosts their morale and leads to a productive and innovative team.

The informal and social networks you use to motivate people to take action are examples of leadership. If managers are good leaders, their staff members will be eager to work hard to meet organisational goals.

The behavioural sciences have greatly advanced our knowledge of this managerial function. Studies on job attitudes and personality traits might help managers better understand how to manage their employees. For instance, this research reveals that managers must first comprehend the personalities, values, attitudes, and emotions of their subordinates in order to become effective leaders.

Controlling involves ensuring that performance does not deviate from standards. Controlling consists of three steps, which include:

1. Monitoring ongoing activities
2. Establishing standards of performance/output;
3. Comparing actual performance against standards;
4. Identifying area that need improvement (can be processes, policies or practices);
5. Taking corrective action when necessary.