Short Paragraph on Project Management!
Project management is used by various organizations to accomplish diverse goals.
The army uses project management for military manoeuvres, the cricket team uses project management to win matches, and even the students use project management to prepare for entrance examinations.
Entrepreneurial ventures use project management to accomplish outcomes under conditions of limited resources with critical time constraints. Project management is one of the basic approaches followed by entrepreneurs to accomplish things they undertake.
The field of project management has grown rapidly and so has the theory and literature behind it. Several models, formulae, and charts have been developed to help people manage projects effectively.
This chapter on Project Management does not delve deep into the exact models and methodologies, but aims to provide a broad perspective of project management and the imperatives of starting and finishing a project successfully.
The Project Management Institute (PMI) defines project management as ‘the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.’