Project Management

SUMMARY: A project is a group of unique, inter-related activities that are planned and executed in a certain sequence to create a unique product and/or service, within a specific timeframe, budget, and the client’s specifications. Some of the characteristics of the tasks that qualify to be a project are: uniqueness, specificity of goal, sequence of activities, specified time, and interrelatedness. Projects are carried out under many resource constraints (time, cost, and material resources) and their success depends on the ability of the project manager to manage these constraints effectively. Project management is the application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed stakeholder needs and expectations.