What Is Project Management?
People sometimes use the terms project management, project, subproject, and program without understanding their meaning. So let’s first define these terms and compare their meaning. Project management is the application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed stakeholder objectives and expectations from a project (from PMI).
Project management supports three basic levels of projects: projects, subprojects, and programs.
What Is a Project?
A project is a temporary endeavor undertaken to produce a unique product or service.
A project is a unique process, consisting of a set of coordinated and controlled activities with start and finish dates, undertaken to achieve an objective that conforms to specific requirements, including the constraints of time, cost, and resources (from ISO 10006).
Projects differ from operations, such as manufacturing, in that operations are ongoing and repetitive, while projects are temporary and unique (from PMI). Projects can range from simple efforts to large, complex undertakings that require much time, effort, and money.