Project Management is a methodical approach to planning and guiding a project processes from start to finish. According to the Project Management Institute, the processes are guided through five stages: initiation, planning, executing, controlling, and closing. Project management can be applied to almost any type of project and is widely used to control the complex processes of software-development projects.

project management

Another way to treat project management is as “the skills, tools and management processes required to undertake a project successfully”.

We can define – A project is a temporary effort to create a unique product or service. Projects usually include constraints and risks regarding cost, schedule or performance outcome. Clear and accurate definition of a project is one of the most important actions you can take.

Another definition for a project is “a unique endeavour to produce a set of deliverable’s within clearly specified time, cost and quality constraints”.

Project Management methods can help in the planning and managing of all sorts of tasks, especially complex activities. Project management methods and tools can therefore be useful far more widely than people assume. In order to be able to carry effective project management and cope successfully with changes occurring in the business environment one needs to be courageous, creative and flexible in order to be able to behave comfortably within an uncertain and risky context.

In organizations and businesses, project management can be concerned with anything, particularly introducing or changing things in future market, in any area or function which may be affect your business, for e.g.=>

  • People, Staffing and Management
  • Products and Support services
  • Finance, Administration
  • IT and Communications
  • Human Resources development and training
  • Purchasing, Acquisition and Divestment
  • Sales, Selling, Marketing
  • Plant, Machinery (Equipment) and Vehicle
  • Materials, Manufacturing and Production
  • Storage, Distribution, Logistics
  • Buildings and Premises
  • Customer Service and Relations
  • Quality, Health and Safety
  • Legal and Professional
  • Technical, Scientific, Research and Development
  • New Business Development
  • and anything else which needs planning and managing within organizations.

For a successful project management, whether projects are large or small, tends to follow the process in a systematic manner outlined above.

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