What is Project Management?

There are thousands of different definitions, examples and diagrams to explain about project management. Often we get confused with terminology used in those texts.

First and foremost point as project managers we need to follow is bringing everyone to use the same lingo. This is the reason why Project Management Institute to bring up its standard document on Project Management – PMBOK. It is our duty as project managers to use the standard one instead of confusing jargons. Let us go with PMBOK® Guide 3rd Edition definition.

Project management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. . (Page# 8)

Now let us see the parts of the above definition and understand the whole meaning of Project management.

At first place, we need to understand and identify the project requirements. This enables us to verify whether we are meeting the project requirements.

We need to use our skills and knowledge to acquire maximum information out of the requirement documents and organize the project activities to achieve the project goals by considering risks. Also, we need to maintain trade-off between quality, cost, scope and time to get the required results.

So, project management is collection of management skills like scope, quality, cost, time, communication, people, procurement, etc.

Project management is accomplished through the appropriate application and integration of the project management process groups. These process groups consist of:
• Initiating,
• Planning,
• Executing,
• Monitoring and Controlling, and
• Closing.

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