MGMT 404 Week 1 Overview Devry

Years ago, project management was obscure, undefined, and misunderstood. Organizational leadership believed that the role could be filled by anyone and appointed random individuals to manage a project. There were no defined methodologies, processes, or tools. Project management was often thought to be unnecessary overhead, but times have changed. Today, it is an exciting, dynamic, and challenging field. Great project management means so much more than simply delivering a product or service on time and on budget. It unites customers and teams and creates a shared understanding of the vision, goals, and purpose for the project. With good project management, the probability of successful delivery of the product, service, or result is increased. Project managers are leaders, providing inspiration and motivation to a team of professionals. They serve as sources of the truth with respect to the health and status of the project, including the risks as well as opportunities. In this course, you will get hands-on experience as you develop a selected Course Project comprised of key documents which you will develop weekly as part of your final Curse Project. For this, you will create a project charter, a stakeholder management plan, a communications management plan, a project scope, and a project schedule. Also, you will also learn how to allocate resources to project activities, estimate costs, calculate the project budget, and risk management.