What is project management?

What is project management?
Project management is the process of planning, organizing, allocating resources, directing and controlling a project to achieve the desired goals. A project is a temporary endeavor undertaken to create a unique product, service or result.

What skills does project management have?
Project management includes a set of skills, knowledge and tools that are necessary for the success of a project. These skills include:
Planning: Determining project goals, planning to achieve those goals, and determining the timing and resources needed
Organization: creating the necessary structure and processes to carry out the project
Allocation of resources: Allocation of human, financial and physical resources to project activities
Leadership: motivating and leading the project team to achieve goals
Control: monitoring the progress of the project and identifying and solving problems

What are the responsibilities of project management?
A project manager is responsible for leading a project from start to finish. This includes the following:
Project initiation: definition of project objectives, creation of project team and preliminary planning
Project execution: planned execution, progress monitoring and change management
Project termination: delivering the project’s product or service, gathering feedback, and evaluating the project’s success

Benefits of project management:
The benefits of project management include:
Greater likelihood of success: Project management helps organize and coordinate efforts so that projects are completed on time, on budget, and in accordance with requirements. This increases the probability of project success.
Productivity: Project management helps improve the productivity of resources. This is achieved through careful planning, resource allocation and progress monitoring.
Lower costs and higher productivity: Project management helps reduce costs and increase productivity. This is achieved through identifying opportunities for cost savings, risk management and process improvement.
Excellent visibility into progress and problems: Project management helps to create a clear view of project progress and identify potential problems. This is achieved through progress monitoring, reporting and data analysis.
Improved communication: Project management helps improve communication between project stakeholders. This is achieved through establishing clear communication channels, sharing information and managing expectations.