This is a direct copy-paste from my blog: http://bluepixel.ca/2010/05/key-elements-to-project-management/
I posted a few days ago some key element of project management.Some of these elements might be obvious to you but recognizing these points and addressing them are part of the project management process.
Governance – Structure, process, and model where a set of metrics are used to ensure projects selected are aligned with the organization/business objectives. The project governance includes:
Alignment – Projects address the business objectives or goals defined by stakeholders or senior management.
Management – accountability process to ensure the project is progressing according to plan and communicate the project status to stakeholders/customers
Scheduling – project management tools are used to design a detailed project plan of a project from initiation to
closing. Tasks in the project plan can be based on a specific order,
priority, resource availability, milestones, and/or budget.
Architecture – design the overall solution of the project – this can be done in two approaches: break down your
project into to small modules that are cohesive and as much as possible
independent from each other or the the project is one big module on its
Integration – ensure modules fit together to produce the final product.
Verify and Validate – review and assess the project is in accordance to specification and meets the business goals/objectives
Finance – track all costs and make sure the project is within pre-defined budget
Post Mortem Analysis - ‘Lessons Learned’ exercise where team members sit down and review the project’s process from initialization to closing and address key issues of concern.
Any key project management elements you would like to add to this list? I will be writing some more posts on project management including sharing some great finds.