Project management is the application of processes, methods, knowledge, skills and experience to achieve the project objectives.
A project is a unique, transient endeavour, undertaken to achieve planned objectives, which could be defined in terms of outputs, outcomes or benefits. A project is usually deemed to be a success if it achieves the objectives according to their acceptance criteria, within an agreed timescale and budget.
Why use project management processes?
Investment in effective project management will have a number of benefits for an organisation and the people involved in delivering the project. It will:
Provide a greater likelihood of achieving the desired result;
Ensure efficient and best value use of resources;
Satisfy the differing needs of the project’s stakeholders