Meaning of project management:
Project management refers to the disciples of the execution, initiation, control and closure of the work performed by the team, in order to meet some specific objectives and specific criteria for success. A project is an endeavor, which is temporary in nature and is designed to produce a unique, product, service, or result with a beginning and an end that has been defined. Also, the projects are undertaken to meet the specific goals, in order to bring a beneficial change or an added value.
The nature of the projects is in contrast to the nature of the business, which include repetitive, semi-permanent, permanent functional activities, so as to produce products or services. The management of the systems is quite difficult and different task, as it requires the development of the technical skills as well as some management strategies.
