What Is Project Management?

Everything you do with a specific motive towards realizing an end goal, from estimating what a set of tasks needs to be like, what is required to be able to fulfill them, how exactly you will do them and when is called project management.

Project management is conceptualizing a plan to mold the resources available within a specific time, to accomplish a fixed, set goal. 

Project Management Institute (PMI) defines Project Management as “the application of knowledge, skills, tools, and techniques to a broad range of activities to meet the requirements of a particular project.”

Similarly, the PMBOK® says project management is, “The application of knowledge, skills, tools, and techniques to meet the project requirements.” The benefits derived from practicing proper project management are very valuable.

Project management is professionally carried out by a project manager who leads a team of professionals of varying types of expertise working on various aspects and requirements of the project in an organization. The project manager efficiently guides the project team through all phases of the project and aims to execute the project successfully.