Project Management is the discipline of planning, executing, and overseeing projects to achieve specific objectives within defined constraints such as time, budget, and resources. It involves applying knowledge, skills, tools, and techniques to project activities to meet project requirements. The process typically includes initiating, planning, executing, monitoring and controlling, and closing the project.
Key components of project management include defining project goals, identifying stakeholders, creating a project roadmap, allocating resources, managing risks, and ensuring effective communication among team members and stakeholders. Successful project management ensures that projects are delivered on time, within scope, and aligned with organizational goals.
It can be applied across various industries and sectors, emphasizing structured methodology and best practices to increase the likelihood of achieving project success. Methods commonly utilized in project management include Agile, Waterfall, and PRINCE2, among others.