What is Project Management? Project management is a structured approach to organizing and managing resources, processes, and people to achieve specific goals within a defined timeframe and budget. It involves several phases, each critical to ensuring the successful completion of a project. The main goals of project management are to complete the project on schedule, stay within budget, and meet the specified quality standards. Key Phases of Project Management Initiation: In this phase, the feasibility and value of the project are evaluated. Stakeholders come together to define the project’s scope, objectives, and high-level requirements. A project charter is typically developed to define the project's purpose, objectives, and key stakeholders. Planning: This phase is crucial for laying out a detailed roadmap for the project. Key activities include: Defining Scope: Clearly specifying what is included in the project and what is not. Scheduling: Creating a timeline that includes mile...
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