Project management is a discipline. It applies principles, tools, concepts, and techniques to improve project performance and organizational effectiveness. Project management adds value by improving the project success rates. Technical skills like scheduling, cost estimating, and statistical risk management are addressed.
As organizations have recognized the criticality of projects to their success, project management has become a focal point of improvement efforts .
Projects are critical to the success of any organization. They are the activities that result in innovative products, services, environments, process improvement and organizational changes. Projects increase sales, improve customer satisfaction, reduce costs, improve efficiency and other benefits.
Effective Project Management requires ad hoc adjustments, based on continous assessments of current conditions, within the context of a comprehensive plan created using standardized consistent methods and relevant past experience. Project Management involves collaborative efforts among project stakeholders and other beneficiaries of the project.
“PMP” and the PMP logo are certification marks of the Project Management Institute which are registered in the United States and other nations.