Project Management is the application of knowledge, skills and techniques to execute projects effectively and efficiently. It's a strategic competency for organization, enabling them to tie project results to business goals-and thus, better compete in their markets.as
Phases of Project Management
-Deals with selecting and starting project
-Once a project is initiated, it must be planned. This is by far the largest and most important phase of project management. Without a good project plan, the project is doomed to failure.
Once the plan is in place, the project team needs to execute the plan to reach the project goals.
Throughout the execution phase, a level of control needs to be in place to manage potential problems and monitor progress.
This phase is often times overlooked, but is very important. This phase describe how to officially close out a project with a client or sponsor.