What is project management?

Project management is the application of processes, methods, knowledge, skills and

experience to achieve the project objectives.

A key factor that distinguishes project management from just 'management' is that it has this
final deliverable and a finite timespan, unlike management which is an ongoing process.
Because of this a project professional needs a wide range of skills; often technical skills, and
certainly people management skills and good business awareness.

Project management is concerned with managing discrete packages of work to achieve specific
objectives. The way the work is managed depends upon a wide variety of factors.

Core Component of Project Management

1. defining the reason why a project is necessary;

2. capturing project requirements, specifying quality of the deliverables, estimating
resources and timescales;
3. preparing a business case to justify the investment;
4. securing corporate agreement and funding;
5. developing and implementing a management plan for the project;
6. leading and motivating the project delivery team;
7. managing the risks, issues and changes on the project;
8. monitoring progress against plan;
9. managing the project budget;
10. maintaining communications with stakeholders and the project organisation;
11. provider management;
12. Closing the project in a controlled fashion when appropriate.

Journals on Project Management

International Journal of Project Management - Elsevier Ltd