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.
Project Management
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 .