As per PMBOK 'Project Management' is the application of knowledge, Skills, Tools and techniques of project to meet Project requirements.
Few basic things to remember about Project Management -
- Identifying Requirements
- Establishing Objectives
- Balancing Scope
- Timing and Cost
- Adapting the plans to different concerns of STAKEHOLDERs.
Project Management is actually accomplished through application and integration of various PM processes. These processes include - INITIATION, PLANNING, EXECUTION, MONITORING & CONTROL and CLOSING
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