Project Management

SUMMARY: Project management is an integrated and interdependent function. The success or failure of one activity of a project affects other activities. The interactions between the various components of project management can be direct and clearly defined, or they can be ambiguous. For instance, a slight change in the scope of the project will certainly change the cost of the project but it is difficult to determine whether it will have an impact on the team motivation and quality of the end product. For a project to be successful there has to be a balance between the various objectives of the project, because to enhance performance in one area, performance in another area may have to be sacrificed.

Project management processes can be split into five groups of one or more processes each. They are;