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The very basics of project management can be described in five easy steps. Method123 Ltd covers the following and a lot more in a very understandable and easy-to-follow steps. It is a rapidly growing company, with more than 45,000 customers and staff in 10 countries worldwide.

They were the first company to release project management templates on the web, so they have a long track record in helping teams deliver projects more successfully.

To help you succeed, read these tips on…

5 steps of project management

• Requirements - This the first step and is the most important one in project management. Project failures-or significant cost and schedule overruns-are often caused by a poorly defined project scope. You must recognize the importance of a requirements management plan and how to create an effective plan for any type of project.

• Project Planning - The second step is the planning part of the project management. The key to a successful project is in the planning. Creating a project plan is the first thing you should do when undertaking any kind of project.Often project planning is ignored in favour of getting on with the work. However, many people fail to realise the value of a project plan in saving time, money and many problems. The success of a project will depend critically upon the effort, care and skill you apply in its initial planning.

• Risk Management - Determine risk probability and impact on the project. Risk management is attempting to identify and then manage threats that could severely impact or bring down the organization.Generally, this involves reviewing operations of the organization, identifying potential threats to the organization and the likelihood of their occurrence, and then taking appropriate actions to address the most likely threats.

• Project Team Development - Manage to bring a good project team on board from a variety of departments and groups. Managing a project team can be quite different than managing an operational department. Your team members may be distributed among many departments and report to more than one supervisor/manager.

• Organizational Culture - Examine the benefits of implementing a project management maturity model for your group. Basically, organizational culture is the personality of the organization. Culture is comprised of the assumptions, values, norms and tangible signs (artifacts) of organization members and their behaviors. Members of an organization soon come to sense the particular culture of an organization. Culture is one of those terms that’s difficult to express distinctly, but everyone knows it when they sense it.

By taking these steps, you can identify project management with a smile, and gain a reputation for super-hero like qualities!

Note: While the steps in identifying project management may be different than other projects, the way you manage them will be the same. For this reason, you can follow the Method123 Project Management Methodology (MPMM) to manage IT and all other projects, to achieve success. Download a free trial now.