GENERAL MYTH

The most common myths that keep excellent managers from excelling in project management:

Myth: Project Management is Time Management & Cost management only
Reality: Project Management covers 9 management areas: Scope Management, Time Management, Cost Management, Quality Management, Risk Management, Procurement Management, Human Resource Management, Communication Management and Integration Management. Hence, it is not Time & Cost management only.


Myth: Construction Management is entirely different from Project Management
Reality: Construction Management is a highly specialized application of Project Management and hence, it can be considered as a subset of Project Management focusing primarily on construction related activities.


Myth: Project Management is mainly used in Software Engineering Projects
Reality: Project Management is a professional practice for executing any project in any discipline successfully creating a win-win situation for all stakeholders. Most typical applications of Project Management practices are:
a) Construction – Buildings, Roads, Bridges, Plants, Dams, Flyovers, etc.
b) IT/Software Engineering
c) Ship Building (Typically involves more than 30,000 activities)
d) Air-Craft Assembly
 

Myth: Project Management starts after starting the execution of projects
Reality: Project Management starts right from the Project Concept Stage itself & good projects would typically consume 40-60% of the project time in Project Initiation & Planning itself. The 5 process areas of professional Project Management are:
a) Initiation
b) Planning
c) Execution
d) Measurement & Control
e) Closing


Myth: Project Management is supply of Human Resources
Reality: Though Human Resource Management is one of the areas of Project Management, supply of human resources certainly is not part of professional Project Management. There is a difference between managing human resources (which includes recruitment) and supplying human resources.


Myth: Project Management is ERP
Reality: Though Project Management in itself is a highly specialized & effective usage of Software Engineering & Technology; it is very different from an Enterprise Resource Planning Software which typically focuses on integration & optimal utilization of organizational resources.