Project management is the application of processes,
methods, skills, knowledge and experience to achieve specific project
objectives according to the project acceptance criteria within agreed
parameters.

Project management has final deliverables that are constrained to a finite timescale and budget. A project is a unique, transient endeavor, undertaken to achieve planned objectives, which could be defined in terms of outputs, outcomes or benefits. A project is usually deemed to be a success if it achieves the objectives according to their acceptance criteria, within an agreed timescale and budget. Time, cost and quality are the building blocks of every project.

• Initiation
• Planning
• Execution
• Closing