Project management is the practice of planning, organizing, and controlling resources to achieve specific objectives within a defined timeframe. It involves initiating, planning, executing, monitoring, and closing projects to ensure their successful completion. Project management is used across various industries and sectors to deliver projects efficiently and effectively.

Key Aspects of Project Management:

Project Initiation: This phase involves identifying the project's objectives, scope, stakeholders, and feasibility analysis. The project manager assesses the project's viability and prepares a business case or project charter to gain approval and secure resources.

Project Planning: In this phase, the project manager develops a detailed project plan. It includes defining project goals, deliverables, timelines, milestones, and budget. Planning also involves identifying project risks, creating contingency plans, and allocating resources.