Posted by : Amanda Stein Sunday, August 4, 2013

Project managers have a lot to juggle, especially if they are working with multiple teams within a company. Organization of projects helps keep employees on track, and as a resource manager, dividing projects into different categories is an effective way to balance tasks. There are three common types of projects project managers work with: business projects, developmental projects and technical projects. Below, find characteristics of each type to help you stay focused, as well as qualities to foster as a project manager to help your business become more efficient.

What Is a Business Project?

A business project is a set of tasks, or, in the very dense language of business planning, a project is a business process or system, according to The Project Management Hut. A project is made up of a set of tasks that need to be completed by a variety of people within your organization. The job of a project manager entails ensuring all of these tasks are completed efficiently and on schedule, without compromising the quality of work required by your organization.

Three Common Types of Projects

  1. Business Projects: Business projects include anything that move the business strategy in a forward direction. This can include something as basic as establishing a location for a certain business process, or scheduling production or schedules related to business processes.
  2. Developmental Projects: They are usually a big part of researching and developing a new aspect of your business. This can involve the development of a new product or trying to migrate an existing product into new markets. Since in the developmental phase of any project there are not many immediate tangibles, managing these projects involves a lot of foresight and goal setting from the project manager. It is up to the project manager to give a clear vision for the road ahead for any developmental project.
  3. Technical Projects: These are among the most complex in any business environment and are usually closely married to Information Technology (IT) processes. Many of these projects are aimed at improving the IT infrastructure supporting the entire organization. IT-based projects are usually carried out in five key stages: initiation, planning, executing, controlling and closing, according to the Project Management Institute. The bulk of these projects are usually in partnership with an IT project manager and the Chief Information Officer (CIO).

What Makes a Good Project Manager?

For project managers to succeed, it is not enough to have a good grasp on project classfication. Optimize your project management skills:

  1. Leadership: Project managers needs to have a propensity to lead, according to Geneca senior project manager Lew Sauder. Project managers are charged with the task of maintaining a high level of productivity in the workplace, while ensuring that the projects are completed in a timely manner.
  2. Organization: This includes having the ability to multitask and do so in both both low-stress and high-pressure environments. According to some industry experts, the success and failure of any major project lies in the project manager's ability to organize and multitask under pressure.
  3. Communication: Clear and effective communication is paramount to achieving objectives within the project management environment. Employees and colleagues work better when they have clear expectations as to what is expected of them throughout every phase of the project.

While classification of projects helps project managers streamline business processes, agility in business is also vital. Deal with project changes, and let us know how you stay organized in the comments.

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