Project Management
Coordinating and applying the right knowledge, skills, tools, and methods to project work so the agreed requirements are met.
Key Points
- Primary aim is to meet defined project requirements and deliver value.
- Conducted through initiating, planning, executing, monitoring and controlling, and closing.
- Requires active stakeholder engagement and management of scope, schedule, cost, quality, resources, risk, and communications.
- Uses established practices, techniques, and software tools to guide and control work.
Example
A PM leading a new website project defines requirements, builds a WBS and schedule, allocates resources, tracks progress and risks, handles change requests, and confirms acceptance criteria are met before closing the project.
PMP Example Question
Which statement best describes project management?
- Applying knowledge, skills, tools, and techniques to project work so requirements and objectives are achieved.
- Managing ongoing operational activities that repeat indefinitely.
- Selecting and prioritizing projects to align with organizational strategy.
- Coordinating related projects to realize benefits not achievable when managed separately.
Correct Answer: A — Applying expertise, methods, and tools to project work to fulfill requirements
Explanation: Option A defines project management; the other choices describe operations, portfolio management, and program management.
