What Is Project Management?

Project management is a methodical approach to planning and guiding project processes from beginning to end. According to the Project Management Institute, the processes are guided through five stages: initiation, planning, executing, controlling and closing. Project management can be applied to almost any form of project and is widely used to control the complex processes of software development projects.

The primary constraints in project management are scope, time, quality and budget. A project is usually deemed to be a success if it achieves the objectives according to their acceptance criteria, within an agreed timescale and budget. This also involves:

  • Understanding the needs of stakeholders.
  • Planning what needs to be done, when, by whom, and to what standards.
  • Building and motivating the team.
  • Coordinating the work of different people.
  • Monitoring work being done.
  • Managing any changes to the plan.
  • Delivering successful results.