What is a Project Management?


Generally Project Management is a unique, transient endeavor, undertaken to achieve planned objectives. It usually deemed to be success if it achieves the objectives according to their acceptance criteria, within an agreed timescale and budget.

Core Components :

  • Reason
  • Requirements, Quality, Resources & Timescales
  • Business Case
  • Agreement & Funding
  • Management Plan
  • Leading & Motivating
  • Managing Risks
  • Monitoring
  • Communications
  • Closing

Why use Project Management ?

So you can provide a greater likelihood of achieving the desired result. Also you need to ensure efficient and best value use of resources to provide unnecessary or excess usage of funds. Project's stakeholder is very hard to satisfy as they have differing needs. Project Management can be use to try satisfying their needs and demands as much as it could.


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