These factors are pinnacles, with quality at the centre of the triangle. • Tasks: Also called Actions.Activities undertaken during the project • Risks: Potential problems that may arise • Issues: Risks that have happened • Gantt Chart: A specific type of chart showing time and tasks. Basic Concepts of Project Management - Free download as PDF File (.pdf), Text File (.txt) or read online for free. •Deliverables: Tangible ‘things’ that the project produces • Milestones: Dates by which major activities are performed. Project management is a distinct area of management that helps in handling projects. Usually created by a Project Management The project management system comprises organization structure, information processing and decision- FIGURE 1: PROJECT MANAGEMENT TRIANGLE (Source: Haughey, 2011) Linked to the understanding of project management, is the Project Management Triangle. Figure 1 illustrates the concept. Chapter 1 Introduction to Project Management 1 1.1 Chapter Overview 1 1.2 Projects and the Business Environment 1 1.2.1 Key Project Management Concepts 2 1.2.2 Terminology 3 1.2.3 Characteristics of Projects 4 1.2.4 Projects in the Business Environment 5 1.2.5 Strategic and Tactical Projects 6 1.2.6 Projects and Programs 7 1.3 The Life Cycle 8 Initially, the triangle consisted of three factors: time, cost and scope. It has three key features to distinguish it from other forms of management and they include: a project manager, the project team and the project management system. An Introduction to Project Management The purpose of this briefing paper is to introduce key project management terms and concepts to provide a common language for discussion, including what is: • A project • Project management • Project success • A project manager • A project management plan

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