Planning, delegating, monitoring, and controlling all aspects of a project — and motivating those involved — to meet objectives within targets for time, cost, quality, scope, benefits, and risk.
Key facts
Triple constraint: scope, time, cost — change one, the others move.
Common methodologies: Waterfall, SCRUM, PRINCE2, Agile.
Value comes from organising scarce resources, managing risk, retaining knowledge.
Project management is the planning, delegating, monitoring and controlling of all aspects of a project, and motivating those involved to achieve the project objectives within the expected targets for time, costs, quality, scope, benefits and risk.
Value lies in:
Organising and structuring scarce resources.
Managing risk.
Identifying and clearing issues.
Managing and implementing change.
Retaining and re-using knowledge.
Organisational wide learning from past successes and failures.