Project Management and what it means?

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The term “Project Management” can at once feel both straightforward yet confusing. While most people generally understand what project management is, it’s best to refer to the official definition.

 

Project Management is commonly described as the application of knowledge, skills, tools, and techniques to meet project requirements. In other words, Project Management is about the process required to bring a team or product from point A to point B.

 

To do this, project managers and their teams manage processes within five main project stages:

  • Initiating
  • Planning
  • Executing
  • Monitoring and Controlling
  • Closing

These stages help project managers organize the often overwhelming number of tasks and requirements of a project and strategically drive the project forward.