- Project management is the discipline of planning, organizing, motivating, and controlling resources to achieve specific goals.
- A Project is a temporary endeavor with a defined beginning and end.
- Projects are undertaken to meet unique goals and objectives,
- typically to bring about beneficial change or added value.
- The temporary nature of projects stands in contrast with business as usual (or operations).
- The primary challenge of project management is to achieve all of the project goals and objectives while honoring the preconceived constraints.
- The primary constraints are scope, time, quality and budget
- The secondary —and more ambitious— challenge is to optimize the allocation of necessary inputs and integrate them to meet pre-defined objectives.
- Project Management activities can be categorized into five main processes:
- Initiation
- Planning
- Execution
- Monitoring & Control
- Closeout & Evaluation
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