Project management is the discipline of organizing and managing
resources in such a way that these resources deliver all the work
required to complete a project within defined scope, time, and cost
constraints. A project is a temporary and one-time endeavor
undertaken to create a unique product or service. This property of
being a temporary and a one-time undertaking contrasts with
processes, or operations, which are permanent or semi-permanent
ongoing functional work to create the same product or service over
and over again. The management of these two systems is often very
different and requires varying technical skills and philosophy,
hence requiring the development of project management.
The first challenge of project management is ensuring that a
project is delivered within the defined constraints. The second,
more ambitious, challenge is the optimized allocation and
integration of the inputs needed to meet those pre-defined
objectives. The project, therefore, is a carefully selected set of
activities chosen to use resources (time, money, people, materials,
energy, space, provisions, communication, quality, risk, etc.) to
meet the pre-defined objectives.
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