Context

In this lesson we discuss:

Project management is the process by which projects are defined, planned, monitored, controlled and delivered such that the agreed benefits are realised. Projects are unique, transient endeavours undertaken to achieve a desired outcome. Projects bring about change and project management is recognised as the most efficient way of managing such change.

At the end of this lesson you will be expected to know the following learning outcomes:

3.1 Differentiate between projects and business as usual (BAU)
3.2 Differentiate between project management, portfolio management and programme management
3.3 Outline the relationship between programmes, projects and strategic change
3.4 Describe situations where the use of programme management may be appropriate
3.5 Describe situations where the use of portfolio management may be appropriate
3.6 Explain tools and techniques used to determine factors which influence and impact projects (including PESTLE, SWOT and VUCA)
3.7 Explain the impact of the legal and regulatory environment on projects (such as the impact on working conditions, risk management, governance and sustainability)