Updated: Jun 12, 2018
What is Project Management?
Project Management is application of knowledge, skills, tools and techniques to project tasks in order to meet stakeholder expectations. This involves managing of Scope, Time, Cost and Quality
Project Management processes can be organized into 5 stages as mentioned below:
Initiation: Recognizing that a project should begin.
Planning: Developing and maintaining a workable scheme to accomplish the business need.
Execution: Coordinating people and other resources to carry out the execution plan
Controlling: Ensuring that the project objectives are met by regular monitoring and measuring progress and taking mitigation plans whenever required.
Closing: Formalizing Handover and Takeover processes to bring an orderly end.