Project management is the practice of planning, executing, and controlling projects to achieve specific goals. Fundamental principles include scope, time, cost, quality, and stakeholder management.
Phases typically include initiation, planning, execution, monitoring and controlling, and closing. They help structure the project and ensure it progresses smoothly.
Project constraints include scope, time, cost, and quality. They determine project boundaries and affect project planning and decision-making.
A project charter defines a project’s purpose, objectives, scope, and stakeholders, providing a clear project vision and direction.
Risk management involves identifying potential risks, assessing their impact and probability, and developing plans to mitigate or manage them.
CPM is a project management technique that identifies the longest path through a project’s activities, helping managers prioritize and manage tasks to meet project deadlines.
EVM integrates cost, schedule, and scope to assess project performance and cost efficiency, providing valuable insights into project health.

Project budgets are established during the planning phase and are monitored and controlled using budgeting tools and variance analysis.

Effective communication and stakeholder management help keep all project participants informed, engaged, and supportive throughout the project’s lifecycle.

Project management software and tools automate and streamline various project management tasks, such as scheduling, resource allocation, and progress tracking.
Key skills include leadership, communication, problem-solving, and organizational skills. Qualifications may include project management certifications like PMP (Project Management Professional) or PRINCE2.
Valuable certifications include PMP, Certified ScrumMaster (CSM), and Certified Associate in Project Management (CAPM). Certifications demonstrate expertise and enhance career prospects.
The demand for project managers is strong across various industries, including IT, construction, healthcare, and finance.
Gaining experience can be done through internships, volunteering for non-profit organizations, managing personal projects, or seeking entry-level project coordinator roles.
Career paths include project manager, program manager, portfolio manager, and project management office (PMO) roles. Specializations may focus on industries like IT, construction, or healthcare.
Project management ensures efficient execution of projects, whether it’s implementing IT systems, constructing buildings, managing healthcare projects, or optimizing manufacturing processes.
Staying updated involves continuous learning, attending project management conferences, and participating in professional organizations.
Challenges include balancing competing demands, resolving conflicts, and maintaining project alignment with organizational goals.
Rewards include competitive salaries, opportunities to lead and shape projects, and the potential for advancement to higher-level management roles.