What is Project Management?

Project Management is the discipline of planning, executing, and closing work to meet goals within a defined scope, timeline, and budget. It's vital in industries from tech to construction and healthcare.

🧩 Core Components

• Initiation: Define goals, scope, and stakeholders. Documents: project charter, stakeholder register.
• Planning: Timelines, budget, risk plans. Tools: Gantt charts, WBS, risk matrix.
• Execution: Assign tasks, manage teams, and maintain communication.
• Monitoring & Controlling: Track KPIs, control scope, ensure quality.
• Closing: Deliverables, approval, documentation, and lessons learned.

🧭 Popular Methodologies

• Waterfall: Linear and sequential. Ideal for well-defined projects.
• Agile: Iterative, flexible, feedback-driven. Great for software and creative work.
  • Scrum: Sprints (2–4 weeks), roles include Product Owner and Scrum Master.
  • Kanban: Visual task board (To Do → In Progress → Done).
• Lean: Focuses on value and waste reduction. Common in startups and manufacturing.
• PRINCE2: Structured approach with predefined roles and deliverables.

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