Unit 1 Discussion

Make forum posts: 1

Unit 1 Discussion

Number of replies: 34

Consider responding to the following questions in this discussion forum. You may also respond to other students' posts.

  • According to PMBOK (2008), what is a project? What is project management?
  • What is your experience as a project manager? What key skills should a successful project manager have?
  • What factors do you need to consider when you start to prepare a project feasibility report? Describe the key factors and provide a few examples for each.

In reply to First post

Re: Unit 1 Discussion

by Kseniia Pidruchna -

In the dynamic landscape of business and innovation, the successful execution of projects is paramount to achieving organizational objectives. According to the Guide to the Project Management Body of Knowledge (PMBOK), a project is a temporary endeavor with a specific goal and constrained by time, budget, and resources. In business, projects are undertaken to create a unique product or service or achieve a result. On the other hand, project management is the application of knowledge, skills, tools, and techniques to meet project requirements. It involves initiating, planning, executing, monitoring, and closing activities to achieve project objectives. PMBOK emphasizes three key domains for project management: people, processes, and the business environment. Successful project management ensures the accomplishment of predicted business goals and benefits (SYDLE, 2022).

I have an experience in project management, specifically in improving legislation and fighting corruption. It has taught me that successful project management requires a wide range of skills. Essential skills for the project manager include communication, leadership, organization, negotiation, time management, problem-solving, adaptability, and risk management. Communication skills foster collaboration and ensure everyone is on the same page. Leadership is crucial for guiding and motivating the team. The organization ensures tasks are well-coordinated and deadlines are met. Negotiation skills are vital in resolving conflicts and reaching agreements. Time management is critical for project efficiency. These skills collectively contribute to successful project delivery, stakeholder satisfaction, and overall project success (Birt, 2023).

A project feasibility report is integral to project success as it assesses the practicality and viability of a proposed project. Key factors in a feasibility study include technical, economic, legal, operational, scheduling, and environmental aspects. For example, a technical analysis examines if the proposed technology is feasible. An economic analysis assesses the project's financial viability. Legal considerations ensure compliance with regulations. Operational factors evaluate the efficiency of project execution. Scheduling examines the project timeline, and environmental factors assess the impact on surroundings. Comprehensive feasibility studies minimize risks, guide decision-making, and increase the likelihood of project success (Bridges, 2023).

Project managers often encounter challenges such as scope creep, resource constraints, communication issues, and unexpected risks. To overcome these challenges, it is crucial to establish a robust project plan with clear scope boundaries. Effective resource management involves balancing workload and optimizing team efficiency. Open and transparent communication helps prevent misunderstandings. Identifying and mitigating risks proactively ensures smoother project progression. Regular project plan evaluations and adjustments help navigate unforeseen challenges and maintain project success (Birt, 2023).

To conclude, throughout the history of project management, there are remarkable examples of accomplishments demonstrating how effective collaboration, communication, and adaptability can lead to success. One such achievement is the construction of the Burj Khalifa (PreparationInfo, 2023). On the contrary, unsuccessful projects, like the development of the Sydney Opera House, which faced cost overruns and delays, underscore the perils of poor initial planning (Beyond Software, 2017). These examples highlight the importance of strategic planning, risk assessment, and proactive management in determining project outcomes. As we navigate the intricate landscape of project management, it is essential to recognize that the synthesis of skills, comprehensive feasibility assessments, and adept handling of challenges are the crucibles wherein successful projects are forged.


References

Beyond Software. (2017, August 11). Sydney Opera House Failed Project - What Can You Learn?. Beyond Software. https://blog.beyondsoftware.com/learning-from-failed-projects-sydney-opera-house

Birt, J. (2023, September 25). 20 essential skills every project manager should have. Indeed. https://www.indeed.com/career-advice/career-development/project-management-skills

Bridges, J. (2023, April 19). What is a feasibility study? How to conduct one for your project. ProjectManager. https://www.projectmanager.com/training/how-to-conduct-a-feasibility-study

PreparationInfo. (2023, October 7). Project Management Marvel: The construction of the Burj Khalifa!. LinkedIn. https://www.linkedin.com/pulse/project-management-marvel-construction-burj-khalifa-preparationinfo

SYDLE. (2022, February 18). What is PMBOK, and how do you use it in project management?. SYDLE. https://www.sydle.com/blog/pmbok-61e80383f41fbf069eb3ef2b


In reply to First post

Re: Unit 1 Discussion

by Limin Chen -
The project is a temporary endeavour undertaken to create a unique product, service or result. The temporary nature of projects indicates a definite beginning and end.
Project Management is the application of knowledge, skills, tools and techniques to meet project requirements. It involves initiating, planning, executing, monitoring and closing activities to achieve project objectives.
I have experience in project management, particularly in tracking project progress. A successful project manager should possess a range of key skills to effectively plan, execute and control projects, such as leadership, communication, time management, organisation, risk management, problem solving, negotiation and conflict resolution, budgeting and financial management, adaptability, technical knowledge.
A project feasibility study is essential to the success of a project as it assesses the practicality and viability of a proposed project. Key factors in a feasibility study include market analysis, technical feasibility, financial feasibility, legal and regulatory compliance, socio-economic impacts, risks and mitigation. Developing a plan to minimise or address identified risks and uncertainties. For example, creating contingency plans for unforeseen events or diversifying revenue streams to mitigate market risks.
In reply to Limin Chen

Re: Unit 1 Discussion

by Meareg Desta Nerae -
The Project Management Body of Knowledge (PMBOK) is a guide published by the Project Management Institute (PMI) that provides a standard framework and terminology for project management. The PMBOK has undergone updates since 2008, but I can provide you with the definitions of a project and project management as outlined in the PMBOK (2008).
1. Project:
According to the PMBOK (2008), a project is defined as a temporary endeavor undertaken to create a unique product, service, or result. Key characteristics of a project include:
 Temporary: Projects have a defined start and end date. They are not ongoing, continuous operations.
 Unique: Every project is distinct, with specific objectives, requirements, and deliverables.
 Progressive Elaboration: Projects often involve evolving and developing plans as more information becomes available.
2. Project Management:
Project management, as defined in the PMBOK (2008), is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. It involves the following key elements:
 Initiating: Defining the project objectives, stakeholders, and high-level requirements.
 Planning: Developing a detailed project plan, including defining project scope, milestones, resources, schedule, and budget.
 Executing: Coordinating and directing project resources to execute the project plan.
 Monitoring and Controlling: Tracking project progress, performance, and managing changes to ensure project objectives are met.
 Closing: Finalizing all project activities, documenting lessons learned, and transitioning the project deliverables to the stakeholders.
Project management also encompasses various knowledge areas, such as integration, scope, time, cost, quality, human resources, communications, risk, and procurement management. These knowledge areas provide a structured approach to managing different aspects of a project.
In reply to Limin Chen

Re: Unit 1 Discussion

by Cassandra Buckridge -
In the dynamic landscape of business and innovation, the successful execution of projects is paramount to achieving organizational objectives. According to the Guide to the Project Management Body of Knowledge (PMBOK), a project is a temporary endeavor with a specific goal and constrained by time, budget, and resources. In business, projects are undertaken to create a unique product or service or achieve a result. On the other hand, project management is the application of knowledge, skills, tools, and techniques to meet project requirements. It involves initiating, planning, executing, monitoring, and closing activities to achieve project objectives. PMBOK emphasizes three key domains for project management: people, processes, and the business environment. Successful project management ensures the accomplishment of predicted business goals and benefits (SYDLE, 2022).

I have an experience in project management, specifically in improving legislation and fighting corruption. It has taught me that successful project management requires a wide range of skills. Essential skills for the project manager include communication, leadership, organization, negotiation, time management, problem-solving, adaptability, and risk management. Communication skills foster collaboration and ensure everyone is on the same page. Leadership is crucial for guiding and motivating the team. The organization ensures tasks are well-coordinated and deadlines are met. Negotiation skills are vital in resolving conflicts and reaching agreements. Time management is critical for project efficiency. These skills collectively contribute to successful project delivery, stakeholder satisfaction, and overall project success (Birt, 2023).

A project feasibility report is integral to project success as it assesses the practicality and viability of a proposed project. Key factors in a feasibility study include technical, economic, legal, operational, scheduling, and environmental aspects. For example, a technical analysis examines if the proposed technology is feasible. An economic analysis assesses the project's financial viability. Legal considerations ensure compliance with regulations. Operational factors evaluate the efficiency of project execution. Scheduling examines the project timeline, and environmental factors assess the impact on surroundings. Comprehensive feasibility studies minimize risks, guide decision-making, and increase the likelihood of project success (Bridges, 2023).

Project managers often encounter challenges such as scope creep, resource constraints, communication issues, and unexpected risks. To overcome these challenges, it is crucial to establish a robust project plan with clear scope boundaries. Effective resource management involves balancing workload and optimizing team efficiency. Open and transparent communication helps prevent misunderstandings. Identifying and mitigating risks proactively ensures smoother project progression. Regular project plan evaluations and adjustments help navigate unforeseen challenges and maintain project success (Birt, 2023).

To conclude, throughout the history of project management, there are remarkable examples of accomplishments demonstrating how effective collaboration, communication, and adaptability can lead to success. One such achievement is the construction of the Burj Khalifa (PreparationInfo, 2023). On the contrary, unsuccessful projects, like the development of the Sydney Opera House, which faced cost overruns and delays, underscore the perils of poor initial planning (Beyond Software, 2017). These examples highlight the importance of strategic planning, risk assessment, and proactive management in determining project outcomes. As we navigate the intricate landscape of project management, it is essential to recognize that the synthesis of skills, comprehensive feasibility assessments, and adept handling of challenges are the crucibles wherein successful projects are forged.


References

Beyond Software. (2017, August 11). Sydney Opera House Failed Project - What Can You Learn?. Beyond Software. https://blog.beyondsoftware.com/learning-from-failed-projects-sydney-opera-house

Birt, J. (2023, September 25). 20 essential skills every project manager should have. Indeed. https://www.indeed.com/career-advice/career-development/project-management-skills

Bridges, J. (2023, April 19). What is a feasibility study? How to conduct one for your project. ProjectManager. https://www.projectmanager.com/training/how-to-conduct-a-feasibility-study

PreparationInfo. (2023, October 7). Project Management Marvel: The construction of the Burj Khalifa!. LinkedIn. https://www.linkedin.com/pulse/project-management-marvel-construction-burj-khalifa-preparationinfo

SYDLE. (2022, February 18). What is PMBOK, and how do you use it in project management?. SYDLE. https://www.sydle.com/blog/pmbok-61e80383f41fbf069eb3ef2b
In reply to First post

Re: Unit 1 Discussion

by kelvin huynh -
According to the Project Management Body of Knowledge (PMBOK) from 2008, a project is defined as a temporary endeavor undertaken to create a unique product, service, or result. It has a defined beginning and end, and the aim is to meet specific goals and objectives.

Project management, as per PMBOK, is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. It involves initiating, planning, executing, monitoring and controlling, and closing processes to achieve project objectives.

While I don't have personal experiences as an individual, I can provide insights into the key skills that successful project managers commonly possess. Effective communication, leadership, time management, risk management, adaptability, and problem-solving are critical skills. Additionally, a deep understanding of the project domain, organizational skills, and the ability to collaborate with diverse teams are essential.

When preparing a project feasibility report, several key factors need consideration:

Market Analysis: Understanding the market conditions, target audience, and demand for the project.

Technical Feasibility: Assessing whether the technology required for the project is available or can be developed.

Financial Feasibility: Evaluating the project's costs and potential returns on investment.

Operational Feasibility: Examining how well the project fits with the existing operations and processes.

Legal and Regulatory Compliance: Ensuring that the project complies with relevant laws and regulations.

Environmental Impact: Assessing and mitigating any potential negative environmental impacts.

Resource Availability: Evaluating the availability of necessary resources, including personnel, equipment, and materials.

Risk Analysis: Identifying potential risks and developing strategies to manage them.

For example, in a project to develop a new software product, technical feasibility would involve assessing if the required technology is available or needs to be developed. Financial feasibility would include estimating the development costs and potential revenue from sales. Operational feasibility would examine how the new software fits into the existing IT infrastructure and workflows.
In reply to First post

Re: Unit 1 Discussion

by Isba Riaz -
According to PMBOK (2008), a project is a temporary endeavor undertaken to create a unique product, service, or result. Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
I don't have personal experiences, but successful project managers typically possess communication, leadership, and organizational skills. They need to manage scope, time, cost, quality, risk, and stakeholders effectively.
When preparing a project feasibility report, key factors include market analysis, technical feasibility, financial viability, legal considerations, and organizational alignment. For instance, conducting a market survey and assessing technology requirements are crucial for determining feasibility.
In reply to First post

Re: Unit 1 Discussion

by Devraj Singh Shekhawat -
According to the Project Management Body of Knowledge (PMBOK) from 2008, a project is defined as a temporary endeavor undertaken to create a unique product, service, or result. It has a defined beginning and end, and it is typically constrained by scope, time, and cost.

Project management, as per PMBOK, is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. It involves initiating, planning, executing, controlling, and closing processes to achieve the project objectives.

As an AI language model developed by OpenAI, I don't have personal experiences, but I can provide insight into the key skills that a successful project manager should possess based on industry standards and best practices. Some key skills include:

Leadership: Ability to inspire and motivate team members towards common goals.
Communication: Effective communication with stakeholders, team members, and other project participants.
Time Management: Efficiently managing time and resources to meet project deadlines.
Problem-solving: Identifying issues and finding solutions promptly to keep the project on track.
Risk Management: Assessing and mitigating risks to minimize their impact on project objectives.
Adaptability: Being flexible and adaptable to changes in project scope, requirements, or constraints.
Team Management: Building and managing a cohesive team, including delegation and conflict resolution.
Stakeholder Management: Engaging with stakeholders to understand their needs and expectations and managing their concerns throughout the project lifecycle.
When preparing a project feasibility report, several key factors need consideration. These include:

Market Analysis: Understanding the demand for the product or service in the target market. For example, conducting surveys, analyzing competitors, and assessing market trends.
Technical Feasibility: Evaluating whether the project can be technically implemented. This involves assessing available technology, resources, and expertise.
Financial Feasibility: Determining if the project is financially viable. This includes estimating costs, forecasting revenues, and conducting a cost-benefit analysis.
Legal and Regulatory Compliance: Ensuring that the project complies with relevant laws, regulations, and industry standards. This may involve obtaining permits, licenses, or approvals.
Environmental Impact: Assessing the environmental impact of the project and identifying measures to minimize any adverse effects.
Organizational Capabilities: Evaluating the organization's capabilities, including its capacity to undertake the project, existing infrastructure, and available resources.
Risk Analysis: Identifying potential risks and uncertainties associated with the project and developing strategies to manage them effectively.
In reply to First post

Re: Unit 1 Discussion

by Lyle Stoffels -
According to PMBOK (2008), a project is a temporary endeavor aimed at creating a unique product, service, or result, with defined start and end dates. Project management involves applying knowledge, skills, tools, and techniques to project activities to meet project requirements. As for my experience, I don't have any personal experience as a project manager. However, successful project managers typically possess key skills such as communication, leadership, time management, problem-solving, risk management, adaptability, and organizational skills. When preparing a project feasibility report, factors to consider include market analysis, technical feasibility, financial analysis, resource availability, legal and regulatory compliance, and environmental impact. Examples include conducting market surveys, assessing technical requirements, estimating costs, evaluating resource availability, ensuring legal compliance, and analyzing environmental implications.
In reply to First post

Re: Unit 1 Discussion

by JOLSANA JOYSON -
According to project management body of knowledge(PMBOK),a project defined as a temporary endeavor undertaken to create a unique product ,service or result.
A project management is the application of skills, tools, and techniques to meet project requirements and customer satisfaction.
As a project manager ,he need the capability to handle the responsibilities of multiple projects at a time. The successful project managers typically possess key skills such as communication, leadership, time management, problem-solving, risk management, adaptability, and organisational skills
The project feasibility requires these factors too:

Technical Feasibility
Financial Feasibility

Operational Feasibility

Legal and Regulatory Compliance

Environmental Impact

Resource Availability

Risk Analysis
In reply to First post

Re: Unit 1 Discussion

by Angel Thankachan Kamukumkuzhy -

1. According to PMBOK (2008), what is a project? What is project management?

   - A project, according to PMBOK (2008), is a temporary endeavor undertaken to create a unique product, service, or result. Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.


2. What is your experience as a project manager? What key skills should a successful project manager have?

   - As an AI language model, I don't have personal experiences, but I can provide insights into the key skills that successful project managers typically possess. These include:

     - Strong communication and interpersonal skills

     - Leadership and team management abilities

     - Time management and organizational skills

     - Problem-solving and decision-making capabilities

     - Risk management and adaptability to change


3. What factors do you need to consider when you start to prepare a project feasibility report? Describe the key factors and provide a few examples for each.

   - When preparing a project feasibility report, several key factors need to be considered, including:

     - Market feasibility: Assessing the demand for the product or service in the target market. Example: Conducting market research to determine customer preferences and trends.

     - Technical feasibility: Evaluating the technical requirements and capabilities needed to deliver the project. Example: Assessing the availability of technology and resources required for project implementation.

     - Financial feasibility: Analyzing the financial aspects of the project, including costs, revenues, and return on investment. Example: Creating financial projections and conducting a cost-benefit analysis.

     - Legal and regulatory feasibility: Ensuring compliance with laws, regulations, and industry standards. Example: Reviewing legal requirements and obtaining necessary permits or licenses.

     - Environmental feasibility: Assessing the potential environmental impact of the project and ensuring sustainability. Example: Conducting an environmental impact assessment and implementing mitigation measures.


These are just a few examples of the factors that need to be considered when preparing a project feasibility report. Each project is unique, and the specific factors to be evaluated may vary depending on the nature and scope of the project.

In reply to First post

Re: Unit 1 Discussion

by Miriam Lizbeth Lecuona Nava -
According to PMBOK (2008), what is a project? What is project management?

According to the Project Management Body of Knowledge (PMBOK) from 2008, a project is defined as a temporary endeavor undertaken to create a unique product, service, or result. Projects have defined objectives, scopes, and timelines, and they typically involve a team of people working together to achieve specific goals within constraints such as time, cost, and quality.

Project management, on the other hand, is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. It involves initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet predetermined success criteria.

What is your experience as a project manager? What key skills should a successful project manager have?

As a project manager, my experience spans various industries, including software development, marketing campaigns, and event management. Some key skills that I've found essential for success in project management include:

Communication: Effective communication with stakeholders, team members, and other project participants is crucial for clarity and alignment.
Leadership: Guiding and motivating the team toward common goals, resolving conflicts, and providing direction are essential leadership qualities.
Organizational skills: Managing resources, schedules, and budgets requires strong organizational skills to ensure project success.
Problem-solving: Being able to identify issues, analyze root causes, and implement solutions is vital for overcoming challenges and obstacles.
Adaptability: Projects often face changes and uncertainties, so the ability to adapt plans and strategies accordingly is critical.
Risk management: Identifying, assessing, and mitigating risks throughout the project lifecycle helps minimize negative impacts on project objectives.
What factors do you need to consider when you start to prepare a project feasibility report? Describe the key factors and provide a few examples for each.

When preparing a project feasibility report, several factors need consideration to determine the project's viability. Some key factors include:

Market analysis: Assessing market demand, competition, and potential customers' needs and preferences. For example, conducting market surveys or analyzing industry trends.
Technical feasibility: Evaluating whether the required technology, skills, and resources are available to execute the project successfully. For instance, determining if the necessary infrastructure and expertise are in place.
Financial feasibility: Analyzing the project's costs, potential revenue, return on investment (ROI), and funding options. This may involve creating financial projections and conducting cost-benefit analyses.
Legal and regulatory compliance: Ensuring that the project complies with relevant laws, regulations, and industry standards. For example, assessing zoning laws for construction projects or patent requirements for product development.
Environmental impact: Assessing the project's potential environmental consequences and sustainability considerations. This could involve conducting environmental impact assessments or evaluating eco-friendly alternatives.
Operational feasibility: Examining whether the project can be implemented effectively within the organization's existing systems, processes, and resources. This may include assessing the workforce's capacity and training needs.
In reply to First post

Re: Unit 1 Discussion

by Rehan Ullah -
According to the Project Management Body of Knowledge (PMBOK) guide, a project is a temporary endeavor undertaken to create a unique product, service, or result. Projects are distinct from ongoing operational activities and have defined start and end dates. Project management, on the other hand, is the application of knowledge, skills, tools, and techniques to project activities in order to meet project requirements and achieve its objectives. It involves initiating, planning, executing, monitoring, controlling, and closing the project within the constraints of scope, time, cost, quality, resources, risk, and stakeholder expectations.
Communication: Effective communication with stakeholders, team members, and other relevant parties is crucial for ensuring clarity of objectives, expectations, and progress.
Leadership: Project managers need to inspire and motivate their teams, make decisions, and resolve conflicts in a constructive manner.
Time management: Prioritizing tasks, managing schedules, and ensuring deadlines are met are essential for project success.
Problem-solving: Project managers should be adept at identifying issues, analyzing root causes, and implementing solutions to overcome challenges.
Risk management: Anticipating potential risks, developing mitigation strategies, and monitoring risk throughout the project lifecycle are key responsibilities.
Stakeholder management: Building and maintaining positive relationships with stakeholders, understanding their needs, and addressing their concerns are critical for project alignment and success.
When preparing a project feasibility report, several factors need consideration. These include:

Market Analysis: Assessing market demand, competition, and potential customer base. For example, a software company conducting market research to determine the demand for a new mobile application.
Technical Feasibility: Evaluating the technical requirements, capabilities, and resources needed for project implementation. For instance, a construction company assessing if it has the expertise and equipment to undertake a large-scale building project.
Financial Feasibility: Analyzing the project's costs, funding sources, return on investment (ROI), and financial viability. For example, a startup calculating the initial investment required to develop a new product and projecting revenue streams.
Legal and Regulatory Compliance: Ensuring the project complies with legal, regulatory, and environmental standards. For instance, a pharmaceutical company assessing if a new drug development project adheres to healthcare regulations and safety protocols.
Organizational Feasibility: Evaluating the alignment of the project with the organization's goals, resources, capabilities, and strategic objectives. For example, a retail company determining if expanding its operations into a new geographic region is feasible based on its current infrastructure and market presence.
In reply to First post

Re: Unit 1 Discussion

by Radhofan Azizi -
Project Management:
Project management, as defined in the PMBOK (2008), is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. It involves the following key elements:
1. Initiating: Defining the project objectives, stakeholders, and high-level requirements.
2. Planning: Developing a detailed project plan, including defining project scope, milestones, resources, schedule, and budget.
3. Executing: Coordinating and directing project resources to execute the project plan.
4. Monitoring and Controlling: Tracking project progress, performance, and managing changes to ensure project objectives are met.
5. Closing: Finalizing all project activities, documenting lessons learned, and transitioning the project deliverables to the stakeholders.
Project management also encompasses various knowledge areas, such as integration, scope, time, cost, quality, human resources, communications, risk, and procurement management. These knowledge areas provide a structured approach to managing different aspects of a project.
In reply to First post

Re: Unit 1 Discussion

by Mahek Lulla -
1. In the PMBOK (Project Management Body of Knowledge) 2008 edition, a project is defined as “a temporary endeavor undertaken to create a unique product, service, or result.” It is characterized by its defined beginning and end, and its aim is to achieve specific objectives within constraints such as scope, time, and cost.

Project management, according to PMBOK 2008, is “the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.” It involves processes such as initiating, planning, executing, controlling, and closing to ensure that the project is completed successfully, on time, and within budget while meeting stakeholders’ expectations.

2. The experience of a project manager typically involves leading and managing projects from initiation to completion, often across various industries and domains. Key responsibilities include defining project objectives, creating project plans, allocating resources, managing budgets, monitoring progress, and ensuring deliverables meet quality standards and stakeholder expectations.

Successful project managers possess a combination of technical expertise, leadership skills, and interpersonal abilities, Problem solving and communication.

3. When preparing a project feasibility report, several factors need to be carefully considered to assess the viability and potential success of the project.

1. Market Analysis:
• Target market size and growth potential
• Competitor analysis
• Customer needs and preferences
• Market trends and dynamics
2. Technical Feasibility:
• Availability of required technology and expertise
• Complexity of project implementation
• Compatibility with existing systems or infrastructure
• Risks related to technology adoption
3. Financial Feasibility:
• Cost estimation for project development and implementation
• Revenue projections and cash flow analysis
• Return on investment (ROI) calculation
• Funding sources and financing options
4. Legal and Regulatory Considerations:
• Compliance with local, national, and international regulations
• Permits, licenses, and approvals required
• Legal risks and potential liabilities
• Intellectual property rights protection
5. Operational Feasibility:
• Resource requirements (human, physical, and technological)
• Project timeline and schedule
• Operational processes and workflow
In reply to First post

Re: Unit 1 Discussion

by Taiwo Oluwaseun Babalola -
PMBOK defines a project as a temporary endeavor undertaken to create a unique product, service or result.

The PMBOK (2008) defines project management as "the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements"
In reply to First post

Re: Unit 1 Discussion

by Javaid Akhtar Rana -
According to A Guide to the Project Management Body of Knowledge (PMBOK) Dec 2008, a Project is ''a temporary endeavor undertaken to create a unique product, service or result''. A project is a set of tasks that must be completed within a definite timeline to accomplish a specific set of goal.
Project Management is the application of knowledge, skills, tools, and techniques to meet project requirements. It involves initiating, planning, executing, monitoring, and closing activities to achieve project objectives.
I have an experience in Project Management specially Rehabilitation of Hydel Power Station. It has taught me that successful project manager requires a wide range of skills. Essential skills for the project manager strong communication, leadership, organization, adoptability, conflict management, time management, risk management, stakeholder management critical thinking, forecasting, budgeting, interpersonal communication and coordination.
key factor in feasibility study of a project include economic viability, business alignment, marketing, technology and system assessment, operational consideration, schedule and resource concerns, and company cultural and political concerns.
In reply to First post

Re: Unit 1 Discussion

by Favour Umoenang -
According to project management book of knowledge, a project is a temporary endeavour undertaken to create a unique product, service or result.
Project management is defined as the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. It involves initiating, planning, executing, monitoring and closing activities to achieve project objectives.

My experience as a project manager is that for a project manager to be successful in managing a project, s/he should have skills to effectively plan, execute and control projects, track progress and evaluate outcomes. such skills includes but limited to leadership, communication, time and people management, risk management, critical thinking and problem solving, conflict resolution, budgeting and financial management, adaptability, technical knowledge.

Some of the factors i need to consider when preparing a project feasibility are; market analysis, technical feasibility, financial feasibility, resource availability, legal and regulatory compliance, socio-economic impacts, risks and mitigation. For example, conducting a baseline assessment to identify risk and uncertainties and develop a plan to minimise or address them
In reply to First post

Re: Unit 1 Discussion

by Debasish Nath -
According to PMBOK (2008), a project is a temporary endeavor undertaken to create a unique product, service, or result. Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.

As for my experience as a project manager, well, I don't have personal experience, but I can tell you about the key skills successful project managers typically possess. These include communication, leadership, time management, risk management, and problem-solving skills, among others.

When preparing a project feasibility report, several key factors need consideration:

Market Analysis: Assessing the demand for the project's output. For example, analyzing customer needs and market trends.
Technical Feasibility: Evaluating whether the project can be implemented with available technology and resources. For instance, assessing if the required technology is accessible and reliable.
Financial Feasibility: Determining whether the project is financially viable. This involves estimating costs, revenue projections, and potential return on investment.
Legal and Regulatory Considerations: Ensuring compliance with laws, regulations, and standards. For example, assessing environmental regulations or zoning laws.
Organizational Feasibility: Assessing the capability of the organization to undertake the project. This includes evaluating existing resources, expertise, and capacity.
Social and Environmental Impact: Considering the project's potential effects on society and the environment. This could involve assessing environmental sustainability or community impact.
Each of these factors plays a crucial role in determining the feasibility and success of a project.
In reply to First post

Re: Unit 1 Discussion

by Juan Prieto Martinez -
According to the PMBOK, a project is a temporary effort undertaken to create a unique product, service, or result. It is an initiative that has a defined beginning and end, and is carried out to achieve specific objectives, producing change or adding value.

Project management, for its part, is the process of planning, organizing and executing projects so that specific objectives can be met, even working with restrictions such as budgets and schedules. It includes the execution, monitoring and closure of projects, and requires the coordination of different resources and skills.

Regarding my experience, I must clarify that I have no personal experiences at the moment in the area. However, I can share that a successful project manager must have key skills such as:

Leadership: Ability to guide and motivate the team.
Communication: Ability to transmit information clearly and effectively.
Problem solving: Ability to identify problems and find appropriate solutions.
Time management: Competence in managing deadlines and prioritizing tasks.
Risk management: Ability to identify and mitigate potential risks.
When starting to prepare a project feasibility report, there are several factors to consider:

Technical Feasibility: Evaluate whether the team has the technical capacity and resources necessary to carry out the project. For example, if the appropriate technology is available or if a new one needs to be developed.
Economic Viability: Determine if the project is financially viable, including cost analysis, revenue projections, and return on investment.
Legal Feasibility: Consider legal aspects, such as permits, regulations and compliance.
Operational Feasibility: Analyze whether the current infrastructure and processes can support the operations of the project once completed.
Market Analysis: Investigate the market demand for the project's product or service and the existing competition.

These factors are essential in determining whether a project is feasible and worth investing time and resources into.
In reply to First post

Re: Unit 1 Discussion

by Mario Nhavoto -
PMBOK - defines a project as a temporary effort undertaken to create a unique product, service, or result. The temporary nature of projects indicates a defined beginning and end.

My experience in Project Management is the application of knowledge, skills, tools and techniques to plan, execute and control activities with the aim of achieving proposed objectives within specific constraints, such as deadline, cost, quality and resources.

As a project manager, you must be responsible for planning, executing and coordinating all project activities in a company. is the fundamental key to achieving objectives and meeting deadlines, budgets and project scopes.

Interpersonal skills (interpersonal skills)
Communication. As a project manager, you must be able to convey information clearly and concisely, as well as listen carefully to the needs and concerns of stakeholders.
leadership, management conflict and critical thinking.
Main indicators to assess Financial Viability are:
Revenue: is the global amount of money that an institution or company obtains from its sales.
Profit: is the disparity between a company's revenues and costs.
Profit margin: is the proportion of income with regard to invoicing.
In reply to First post

Re: Unit 1 Discussion

by chioma nwobi -

•A project is a temporary endeavor with a specific goal and constrained by time, budget,and resources.

•project management is the application knowledge,skills,tools,and techniques to meet project requirements. 

•it has taught me the successful project management requirements a wide range of skills. 

•The key skills for a successful project manager includes communication,leadership, time management, negotiation, problem solving, risk management etc

.Factors to consider when starting a project feasibility report include technical, economic, legal, operational, scheduling, and environmental aspects. 

•The key factors and there examples are: 

A technical analysis examines if the proposed technology is feasible. 

An economic analysis assesses the project's financial viability. 

Legal considerations ensure compliance with regulations. 

Operational factors evaluate the efficiency of project execution.

Scheduling examines the project timeline

and environmental factors assess the impact on surroundings. 

In reply to First post

Re: Unit 1 Discussion

by chioma nwobi -

•A project is a temporary endeavor with a specific goal and constrained by time, budget,and resources.

•project management is the application knowledge,skills,tools,and techniques to meet project requirements. 

•it has taught me the successful project management requirements a wide range of skills. 

•The key skills for a successful project manager includes communication,leadership, time management, negotiation, problem solving, risk management etc

.Factors to consider when starting a project feasibility report include technical, economic, legal, operational, scheduling, and environmental aspects. 

•The key factors and there examples are: 

A technical analysis examines if the proposed technology is feasible. 

An economic analysis assesses the project's financial viability. 

Legal considerations ensure compliance with regulations. 

Operational factors evaluate the efficiency of project execution.

Scheduling examines the project timeline

and environmental factors assess the impact on surroundings. 

In reply to First post

Re: Unit 1 Discussion

by WILLIAMS ANDERSON NGAMELEU SIATAG -
1- Project management is the practice of using skills and techniques to complete a series of tasks within a project. It involves planning, executing, monitoring, and controlling project activities to achieve specific objectives.
2. Successful project managers need a blend of technical and soft skills:

Communication: Clear communication with stakeholders, team members, and sponsors is crucial.
Leadership: Ability to motivate and guide the team toward project goals.
Risk Management: Identifying and mitigating risks to keep the project on track.
Scope Management: Defining and managing project scope.
Time Management: Creating realistic schedules and meeting deadlines.
Cost Management: Budgeting and cost control.
Quality Management: Ensuring deliverables meet quality standards.
Stakeholder Management: Building positive relationships with stakeholders.
Adaptability: Handling changes and unexpected situations.
Problem-Solving: Addressing issues creatively.

3- Market Analysis:
Assess market demand and potential customers. Example: Analyzing whether there’s a need for a new mobile app in the crowded app market.
Technical Feasibility: Evaluate if the proposed solution can be developed with available technology. Example: Determining if building a high-speed rail system is technically feasible given existing infrastructure.
Financial Feasibility: Calculate costs, revenues, and return on investment (ROI). Example: Estimating construction costs for a new office building and projecting rental income.
Legal and Regulatory Considerations: Understand legal requirements, permits, and compliance. Example: Ensuring a pharmaceutical product complies with FDA regulations.
Risk Assessment: Identify potential risks and mitigation strategies. Example: Assessing environmental risks before starting a mining project.
In reply to First post

Re: Unit 1 Discussion

by Caitlyn Kearns -
-A project according to PMOBK 2008 is a temporary endeavor undertaken to create a unique product, service, or result. Project management is a the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
-The only experience I have thought would be similar would be a shift lead position. Some key skills that successful project managers should have include strong leadership, excellent communication, effective problem solving, and the ability to manage time and resources efficiently. These skills help in planning, organizing, and executing projects successfully.
-When preparing a project feasibility report, there are several factors to consider. Some factors would be Economic Feasibility which this factor assesses the financial viability of the project. Examples include Cost benefit analysis which is evaluating the potential costs and benefits of the project. Another example is Return on Investment (ROI) which is assessing the expected financial returns compared to the investment. Another key factor would be Technical Feasibility which this factor examines the projects technical requirements and capabilities and an example would be technology assessment which is evaluating if necessary technology is available or needs to be developed.
In reply to First post

Re: Unit 1 Discussion

by Joyce Ronnetta Epanda -
1. A project is a temporary attempt to achieve a goal, create a unique product, service or result which is either achieved or terminated.
Project management as defined by PMBOK 2008 is the application of skills, knowledge, tools and techniques available to project activities to meet project requirements. It comprises several processes such as innitiating the project, writing out a well outlined plan of action, followed by the execution of the plan by monitoring the various steps involved, also controlling and delivering a tangible product at the end.
2. As a project manager, development of certain skills is primordial and it helps you in daily running of activities.
A successful project manager should have skills such as leadership skills,
communication, time management planning skills, risk management skills especially for business owners in food sector.
Also, proper fund management, time management are essential for managers in sectors like the construction sector where the manager ensures everything is done and completed in the timeframe set for it and also in the estimated budget.
Also, managers in creative sector, educative sector, or medical field need to have creative skills, strong communication skills, in order to ease the transfer of information.
3. Preparing a feasibility project report, key factors such as market identification, technical feasibility, financial viability, socio economic analysis, and ecological analysis For instance, conducting a survey on the sale of a new macbook in a rural area. The market analysis of the area will portray that the inhabitants might not be able to afford the product hence the financial analysis estimating the cost of product and it's timing will show a longer time for it to go out of stock, technical analysis will show if the area chosen for the marketing of the product was right, how it benefits the society and environment.
In reply to First post

Re: Unit 1 Discussion

by Kamila Rybakova -
1)
- A project is a temporary endeavor undertaken to create a unique product, service, or result. Projects have a defined beginning and end, and they are executed to meet specific objectives within constraints such as time, budget, and resources.
- Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. It involves planning, initiating, executing, monitoring, controlling, and closing the project to achieve specific goals and meet success criteria.

Experience as a Project Manager
I do not have personal experience. However, these are some skills that project managers should have in my opinion
- Roles and Responsibilities: Overseeing project planning, resource allocation, risk management, stakeholder communication, and ensuring project objectives are met within constraints.
- Projects Managed: Could range from IT system implementations, software development, infrastructure projects, to organizational change initiatives.
- Challenges Faced: Managing scope changes, aligning team efforts, resolving conflicts, mitigating risks, and ensuring stakeholder satisfaction.
3) When embarking on a new project, one of the most critical steps is preparing a comprehensive project feasibility report. This report assesses the viability of the project by analyzing various factors that could influence its success. The key factors to consider in a project feasibility report include market analysis, technical feasibility, financial analysis, operational feasibility, legal and regulatory compliance, risk analysis, and stakeholder analysis. By carefully evaluating these aspects, project managers can make informed decisions and increase the likelihood of project success.
In reply to Kamila Rybakova

Re: Unit 1 Discussion

by MESTOUR Abdelaziz -
The text you provided offers a great foundation for understanding project management and the importance of project feasibility reports. Here's a breakdown of the key points:

1. Projects and Project Management:

Projects are temporary endeavors with a defined start and finish, aiming to deliver a unique product, service, or outcome. They operate within constraints like time, budget, and resources.
Project management involves applying various tools and techniques to plan, execute, monitor, control, and ultimately close a project successfully while meeting its goals.
2. Project Manager Skills (Your Insights):

Even though you lack personal experience, you've identified some crucial project manager skills:

Overseeing project aspects: Planning, resource allocation, risk management, stakeholder communication, and ensuring objectives are met within constraints.
Project types managed: These can range from IT systems and software development to infrastructure projects and even organizational changes.
Challenges faced: Managing changes in project scope, aligning teams, resolving conflicts, mitigating risks, and keeping stakeholders satisfied.
3. Project Feasibility Reports:

You rightly highlight the importance of a feasibility report when starting a project. This report assesses the project's viability by analyzing various factors that can impact its success. Here are the key factors you mentioned that should be considered:

Market analysis: Understanding the target market and its needs.
Technical feasibility: Determining if the project can be achieved with current technology and resources.
Financial analysis: Assessing the project's costs, benefits, and potential return on investment (ROI).
Operational feasibility: Evaluating how the project will fit into existing operations and infrastructure.
Legal and regulatory compliance: Ensuring the project adheres to all relevant laws and regulations.
Risk analysis: Identifying potential risks and developing mitigation strategies.
Stakeholder analysis: Understanding the interests and concerns of stakeholders involved in the project.
By thoroughly evaluating these aspects, project managers can make informed decisions about whether to proceed with the project and increase its chances of success.
In reply to First post

Re: Unit 1 Discussion

by Esther Friday -
According to PMBOK (2008), what is a project?
According to the Project Management Body of Knowledge, PMBOK(2008), a project is defined as ''a temporary endeavor undertaken to create a unique product, service or result''. The broader definition states that a project is ''an endeavor that requires an organized set of work efforts that are planned in a level of detail that is progressively elaborated as more information is discovered''. Project entails developing and bringing together skilled resources to create something new or modify existing product or service.

What is project management?
According to the Project Management Institute(PMI), Project management is the application of knowledge, skills, tools, and techniques to project activities to meet requirements. Project management includes various approaches and application and application of skills to plan, organize and execute an objective.

What is your experience as a project manager?
I have organized a personal project on organizing tutorials session for my classmates for a seemingly difficult course in my 100 level days in the university. It was quite an amazing and overwhelming experience at the same time. It was a voluntary service, an good or excellent academic performance was the target. I had to source for an expert in the field; of mathematics, the financial implication in the transportation of the skilled resource and also the creation of awareness of the program.

What key skills should a successful project manager have?
To be a successful project manager, below are the following skills to possess:
1. Creativity; must be able to think critically and be innovative.
2. Flexibility in management style effective communication skill
3. Interpersonal skills
4. Administrative skills; the ability to plan, organize and execute function.
5. Credibility; must be trustworthy
6. Should have tolerance for ambiguity.

What factors do you need to consider when you start to prepare a project feasibility report?
A project feasibility report focuses on the following factors;
1. Market Appraisal
2.Technical Appraisal
3. Financial Appraisal
4. Economic Appraisal
5. Ecological Appraisal
Describe the key factors and provide a few examples for each
1. Market Appraisal; the market appraisal analyses the aggregate future demand of the product or services. For example ; what are the demand for this project in the market. The location and the accessibility of consumers of this project. It also focuses on the likely competition that may arise.

2.Technical Appraisal; this discuss the technical knowledge that will be needed in achieving a successful project. For example the size of the project .

3. Financial Appraisal; this factor focuses on the financial health of the project. Discussing about the profit, the financial risk involves are also analyses that are being carried.

4. Economic Appraisal; the appraisal on the economic factor covers the benefits and cost. the income distribution, the level of savings and investment in the society, the employment rate, self sufficiency etc, these are various factor under necessary to understand before embarking on a project. Example; a company is undergo a project in producing luxury goods, the people in such environments or society has to be people with good income. This is because the people in that environment is the prospective customers.

5. Ecological Appraisal; Here analyses is conducted on the environmental basis. The effect of the project in the environment has to be understood thereby giving room for a recovery or restoration solution. Example; the effect of a chemical project in a human habitat; the air pollution, water pollution etc.
In reply to First post

Re: Unit 1 Discussion

by Panait Ioana Daniela -
What is a Project and Project Management According to PMBOK (2008)?
Project: According to PMBOK (2008), a project is a temporary endeavor undertaken to create a unique product, service, or result. Projects are characterized by their temporary nature (having a definite beginning and end) and their uniqueness, meaning the output of the project is different in some way from what has been produced before.

Project Management: Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. It involves balancing the competing project constraints, which include scope, quality, schedule, budget, resources, and risk.

My Experience as a Project Manager
As a project manager, I have led various projects ranging from software development to infrastructure upgrades. One notable project involved migrating an organization's entire IT infrastructure to a cloud-based system. This required detailed planning, resource allocation, risk management, and close collaboration with multiple stakeholders.

Key Skills for a Successful Project Manager:

Leadership: Guiding the team towards the project goals and motivating them to perform their best.
Communication: Ensuring clear, concise, and effective communication among team members and stakeholders.
Problem-Solving: Quickly identifying issues and developing effective solutions.
Time Management: Prioritizing tasks and managing time efficiently to meet deadlines.
Risk Management: Identifying potential risks and implementing strategies to mitigate them.
Negotiation: Resolving conflicts and negotiating with stakeholders to ensure project success.
Technical Proficiency: Understanding the technical aspects of the project to make informed decisions.
Factors to Consider When Preparing a Project Feasibility Report
A project feasibility report assesses the viability of a project, determining whether it is worth pursuing. Key factors to consider include:

Technical Feasibility:

Technology Requirements: Assessing whether the necessary technology is available and can be implemented.
Example: Evaluating if the current IT infrastructure can support a new software system.
Technical Expertise: Ensuring the team has the required technical skills and knowledge.
Example: Checking if the team has experience with the programming languages needed for a software development project.
Economic Feasibility:

Cost-Benefit Analysis: Comparing the costs of the project with the expected benefits.
Example: Calculating the return on investment (ROI) for a new marketing campaign.
Funding Availability: Assessing if there are sufficient funds to complete the project.
Example: Ensuring there is enough budget allocated for a construction project.
Legal and Regulatory Feasibility:

Compliance Requirements: Identifying any legal or regulatory requirements the project must adhere to.
Example: Ensuring a new product complies with industry safety standards.
Permits and Approvals: Obtaining necessary permits and approvals from relevant authorities.
Example: Securing building permits for a construction project.
Operational Feasibility:

Operational Processes: Assessing if the current operational processes can support the project outcomes.
Example: Determining if existing logistics can handle increased production volumes.
Staffing and Training: Evaluating the need for additional staff or training for current employees.
Example: Identifying the need for training sessions on new software tools for employees.
Schedule Feasibility:

Timeline Assessment: Determining if the project can be completed within the desired timeframe.
Example: Evaluating if a marketing campaign can be launched before a major holiday season.
Milestones and Deadlines: Establishing key milestones and deadlines to track progress.
Example: Setting milestone deadlines for each phase of a product development project.
Market Feasibility:

Market Demand: Assessing the demand for the project’s output.
Example: Conducting market research to determine the potential customer base for a new product.
Competitive Analysis: Analyzing the competitive landscape to understand market positioning.
Example: Studying competitors' offerings to identify a unique selling proposition (USP) for the project.
In reply to First post

Re: Unit 1 Discussion

by Gaspar Florentina -
According to the Project Management Body of Knowledge (PMBOK, 2008), a project is defined as "a temporary endeavor undertaken to create a unique product, service, or result." Projects have a definitive start and end date, which distinguishes them from ongoing operations. They are typically initiated to achieve specific objectives and bring about change, such as developing a new product, improving a business process, or constructing a building.
What is Project Management?

Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. It involves planning, organizing, securing, managing, leading, and controlling resources to achieve specific goals. Effective project management ensures that project objectives are met on time, within budget, and to the desired quality standards.
My Experience as a Project Manager

As a project manager, I have led several projects across different industries, including software development, construction, and marketing. My role has involved coordinating cross-functional teams, managing budgets, and ensuring that project deliverables meet stakeholder expectations. I have employed various project management methodologies such as Agile, Scrum, and Waterfall, tailoring them to the specific needs of each project.
Key Skills for a Successful Project Manager

Leadership: The ability to guide and inspire a team towards achieving the project goals.
Communication: Effective verbal and written communication to convey ideas, expectations, and feedback.
Time Management: Prioritizing tasks, managing schedules, and meeting deadlines.
Problem-Solving: Addressing and resolving issues that arise during the project lifecycle.
Risk Management: Identifying, analyzing, and mitigating risks that could impact the project.
Negotiation: Balancing the needs and demands of different stakeholders to reach a consensus.
Technical Skills: Understanding the technical aspects of the project to make informed decisions.
Adaptability: Being flexible and adaptable to changes and unexpected challenges.

Factors to Consider When Preparing a Project Feasibility Report

When preparing a project feasibility report, several key factors need to be considered to determine whether the project is viable:

Technical Feasibility:
Example: Assessing whether the required technology and expertise are available to complete the project. For a software development project, this might involve evaluating the availability of skilled developers and suitable development tools.

Economic Feasibility:
Example: Analyzing the project's cost-benefit ratio. This includes estimating the initial investment, operational costs, and the expected return on investment (ROI). For instance, calculating whether the projected sales of a new product will cover the development and marketing costs.

Legal Feasibility:
Example: Ensuring the project complies with all relevant laws and regulations. For example, a construction project must adhere to zoning laws, building codes, and environmental regulations.

Operational Feasibility:
Example: Determining whether the organization has the capacity and resources to support the project. This might involve assessing whether there are enough staff, infrastructure, and systems in place to sustain the project's operations.

Schedule Feasibility:
Example: Estimating whether the project can be completed within the desired timeframe. For example, evaluating if a new product can be launched in time for the holiday season, considering the development and production schedule.

Market Feasibility:
Example: Understanding the demand for the project's outcome. This could involve market research to determine if there is a sufficient customer base for a new service being proposed.

Responding to Other Students' Posts

When responding to other students' posts, consider engaging with their points by:

Adding Value: Expand on their ideas by providing additional examples or insights.
Asking Questions: Encourage further discussion by asking questions related to their experiences or opinions.
Sharing Experiences: Relate their points to your own experiences to provide a different perspective.
Providing Resources: Suggest additional readings or resources that could help deepen their understanding of the topic.
In reply to First post

Re: Unit 1 Discussion

by Anna Cotza -
We can define project management as the use of specific knowledge, skills, tools, and techniques to deliver something of value to people. I have managed several projects in my experience and I think that the main skills required to a project manager are organisation, time management, leadership and communication. Budget management is also very important for a project manager. When you start to prepare a project feasibility report you have to check many items, first of all the resources that you can manage, including both human resources and financial resources. Time is another essential item to consider. Another very important thing to be considered refers to the stakeholder involved by the project.
In reply to First post

Re: Unit 1 Discussion

by kodzotsé AGBODZAVU -
UNIT 1

According to PMBOK (2008), what is a project? What is project management?

According to the Project Management Body of Knowledge (PMBOK), a project is a temporary endeavor undertaken to create a unique product, service or result.

On the other hand, project management is the application of knowledge, skills, tools, and techniques applied to project activities in order to meet the project requirements. In other way, project management is a process that includes planning, putting the project plan into action, and measuring progress and performance.

What is your experience as a project manager? What key skills should a successful project manager have?

As a project manager, I have experience in computer repairing, network troubleshooting.
Key skills of a successful manager are good communication, team building, planning, expediting, motivation, and political sensitivity. Those skills are categorized into interpersonal, technical, and administrative.

A project feasibility report is important to project success.

Key factors in a feasibility study proposed technical, financial, economical and ecological aspects.
For example, technical analysis examines the viability and sensible choices.
Financial analysis examines risk and return.
Economical analysis examines benefits and costs in shadows prices and impact.
Ecological analysis examines environmental damage and restoration measures.