Project Management is the process of planning a project from the start to the end. It is an act of applying knowledge, skills, tools, and techniques to meet project requirements. It is important to understand the characteristics of the project, to apply project management techniques to it. Every project should meet standards for its success. It should be consistent. The project management process should be flexible to adjust according to the changing requirements.
The process starts with the initiation of the project idea wherein the decision makers analyze the success possibilities of the future project. Then a project plan is prepared wherein the outline of the work is created. Furthermore, project execution is done and the resources are allocated. Afterwards, the manager reviews the performance of the project, compare its status according to the actual plan and after the client’s approval, the project is closed if it has successfully met the requirements.
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