Many of us don’t know about the project. So lets start with the formal definition of the project and here it goes:
It is a sequence of the activities that is needed to be completed on time, within the budget and according to the specification as provided.
Well I think we know about the Murphy’s Law, which tells that ‘if anything can go wrong, it will.’ Once we know about the project it is necessary to manage them minimizing the risks of going wrong. For any process the effective management of it is necessary. Ensuring that it meets the deadline and fits the budget. If we talk about the project management,it is the process of scoping, planning, staffing, organizing, directing and controlling the development of and acceptable system at a minimum cost within the deadline. The project management is a cross life-cycle as it fits all the stages of the system development process. Any organization take a different method for the management. The project managers fits and builds a framework for the management of the project. Some of us are often confused with project management and process management. As defined earlier, the project management includes scoping, planning, staffing, organizing, directing and controlling the system development while the process management is the activity of documenting, managing and improving the process of system development.