is Project Management? |
project is a temporary endeavor undertaken to achieve a particular aim and to
which project management can be applied, regardless of the project's size, budget,
Project management is the application of knowledge, skills,
tools, and techniques to a broad range of activities in order to meet the requirements
of a particular project. Project management is comprised of five processes ? Initiating,
Planning, Executing, Controlling, and Closing ? as well as nine knowledge areas.
These nine areas center on management expertise in Project Integration, Project
Scope, Project Time, Project Cost, Project Quality, Project Human Resources, Project
Communications, Project Risk Management and Project Procurement.
phrase gproject managementh began to emerge in the late 1950s and today, project
management is used globally by multi-billion-dollar corporations, governments,
and smaller organizations alike as a means of meeting their customers' or constituents'
needs by both standardizing and reducing the basic tasks necessary to complete
a project in the most effective and efficient manner.
As a result, project
management leadership is a highly desirable and sought-after skill as intense
global competition demands that new projects and business development be completed
on time and within budget.
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