Project management is a structured approach to planning, executing, and controlling projects to achieve specific goals within defined constraints, such as time, budget, and resources. It involves identifying project objectives, defining scope, creating schedules, allocating resources, and managing risks to ensure successful completion. Effective project management requires clear communication, stakeholder engagement, and the ability to adapt to changing circumstances. Key components of project management include project initiation, planning, execution, monitoring and controlling, and project closure. By applying project management methodologies and tools, organizations can streamline processes, mitigate risks, and deliver projects on time and within budget. Moreover, project management fosters collaboration, teamwork, and accountability among project stakeholders, enhancing overall project outcomes and organizational success. How can organizations enhance their project management capabilities to optimize project delivery and achieve strategic objectives?
Project management is a structured approach to planning, executing, and controlling projects to achieve specific goals within defined constraints, such as time, budget, and resources. It involves identifying project objectives, defining scope, creating
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