Project management is the discipline of planning, organizing, securing and managing
resources to bring about the successful completion of specific project goals and objectives. It
is sometimes conflated with program management, however technically that is actually a
higher level construction: a group of related and somehow interdependent engineering
projects.
A project is a temporary endeavor, having a defined beginning and end (usually constrained
by date, but can be by funding or deliverables),[1] undertaken to meet unique goals and
objectives,[2] usually to bring about beneficial change or added value. The temporary nature
of projects stands in contrast to business as usual (or operations),[3] which are repetitive,
permanent or semi-permanent functional work to produce products or services. In practice,
the management of these two systems is often found to be quite different, and as such
requires the development of distinct technical skills and the adoption of separate
management.
The primary challenge of project management is to achieve all of the project goals[4] and
objectives while honoring the preconceived project constraints.[5] Typical constraints are
scope, time, and budget.[1] The secondary—and more ambitious—challenge is to optimize the
allocation and integration of inputs necessary to meet pre-defined objectives.
Contents
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1 History
2 Approaches
o 2.1 The traditional approach
o 2.2 Critical Chain Project Management
o 2.3 Extreme Project Management
o 2.4 Event chain methodology
o 2.5 PRINCE2
o 2.6 Process-based management
o 2.7 Agile Project Management
3 Processes
o 3.1 Initiation
o 3.2 Planning and design