What is Project management? easy and unique way
1. Definition: What It Is: Project management involves applying knowledge, skills, tools, and techniques to project activities to meet specific objectives. Purpose: The primary goal is to achieve project goals within defined constraints, typically time, budget, and scope. 2. Key Phases: Project management is often divided into five main phases: . Initiation: Define the project’s purpose and scope. Example: Launching a new product begins with market research and feasibility studies. . Planning: Create a detailed roadmap, including timelines, resources, and budget. Analogy: Think of this as crafting a recipe before cooking; you need all ingredients and steps lined up. . Execution: Implement the project plan by coordinating people and resources. Example: Building a bridge involves multiple teams working on various components simultaneously. . Monitoring and Controlling: . Track progress and performance to ensure alignment with the plan. . Adjustments are made as necessary; akin to r