Concepts and Principles of Project Management

Project management involves the application of procedures, methodologies, skills, knowledge, and experience to achieve specific project objectives within predefined acceptance criteria and agreed-upon constraints. It focuses on delivering final outputs within a finite timeline and budget. The concept revolves around leading a team to accomplish project goals while adhering to the established constraints. These constraints, typically outlined in project documentation created during the initial development phase, include scope, time, and budget. Additionally, project management seeks to optimize the allocation of resources and apply them effectively to meet predefined objectives.For a project to succeed, all stakeholders must collaborate to ensure the project manager and team are equipped to achieve their objectives. This includes providing the necessary resources and logistics to avoid limitations that could hinder progress. A well-supported project team is crucial to completing the project on time and within budget.