Project management is the discipline of using established principles, procedures and policies to manage a project from conception through completion. It is often abbreviated as PM.
Business leaders recognize project management as a specific function within the organization and hire individuals specifically trained in this discipline i.e., project managers to handle their organization’s project management needs.Project managers can employ various methods and approaches to run projects, generally selecting the best approach based on the nature of the project, organizational needs and culture, the skills of those working on the projects, and other factors.
The funda of any organization is to take up a project and complete it in time and that is called project management
Project management is the practise of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time.
A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or staffing) 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), which are repetitive, permanent, or semi-permanent functional activities to produce products or services.
The primary challenge of project management is to achieve all of the project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process.