Project management is the controlled application of knowledge, skills, tools and techniques to a broad range of activities in order to meet the requirements of a particular project. A project is a temporary endeavour undertaken to achieve a particular pre-defined aim or goal.
It also entails monitoring the progress, and seeing that the project is completed achieving the client’s predetermined objectives of scope, quality, time and cost, to the equal satisfaction of everyone involved.
Project management knowledge and practices are best described in terms of their component processes. These processes can be placed into five Process Groups: Initiating, Planning, Executing, Controlling and Closing a project.
This leadership role plans, budgets, co-ordinates, monitors and controls the operational contributions of professionals, and others.
It involves detailed expertise in many of the following areas: planning, cost management, contract negotiations/procurement, technical writing (proposals, etc.), research, technical development, information/computer management, business development, corporate/administrative management, time management, identifying and resolving issues, motivation of all those involved, and others.