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MANAGEMENT24 May 2023

Project Management

 by Hampshire Heights

by Hampshire Heights

The company

Project Management

Project Management involves the planning and organisation of a company's resources to move a specific task, event, or duty towards completion. It can involve a one-time project or an ongoing activity, and resources managed include personnel, finances, technology, and intellectual property.

Projects are separate from business-as-usual activities and occur when an organisation wants to deliver a solution to set requirements within an agreed budget and timeframe, this is the key factor that distinguishes project management from just 'management', as it has this final deliverable and a finite timespan, unlike management which is an ongoing process. Because of this a project professional needs a wide range of skills; often technical skills, and certainly people management skills and good business awareness.

Every project usually has a budget and a time frame. Project management keeps everything moving smoothly, on time, and on budget. That means when the planned time frame is coming to an end, the project manager may keep all the team members working on the project to finish on schedule.

From start to finish, every project needs a plan that outlines how things will get off the ground, how they will be built, and how they will finish. Project management process includes the following stages: planning, initiation, execution, monitoring, and closing.

Projects that require formal management are those that:

  • produce something new or altered, tangible or intangible;
  • have a finite timespan: a definite start and end;
  • are likely to be complex in terms of work or groups involved;
  • require the management of change;
  • require the management of risks.

Investment in effective project management will have a number of benefits, such as:

  • providing a greater likelihood of achieving the desired result;
  • ensuring efficient and best-value use of resources.
  • satisfying the differing needs of the project’s stakeholders.

Our Project Managers at Hampshire Heights take great pride in delivering projects for our clients on time, on budget, and to quality. Understanding the interrelationships between each of these dimensions is key to ensuring the project delivers and is seen as a success by all of its stakeholders. Our Project Managers have deep experience in leading projects through requirements capture, preparing a business case to justify the investment to developing and implementing the managing plan for the project. They are experts in leading and motivating the project delivery team, managing the risks, issues, and changes on the project, and monitoring progress against the plan and budget whilst maintaining communications with stakeholders.

About the author

Hampshire Heights is a leading consulting firm specializing in IT Service, Management, Operational Readiness, Business Transformation, Robot Process Automation, Artificial Intelligence, Programme and Project Management, and Solution Delivery for global multi-nationals (Fortune 100s) and Government Organisations.

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Our goal is to get a deep understanding of our client's business and the rapidly evolving broader technical landscape while offering solutions.

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