Project management is the practice of taking a project from its initial conception to its completion. It involves a variety of processes, including planning, organizing, monitoring, controlling and adapting. Aspects of project management involve understanding the various elements involved in managing a project, such as scope, resource management, scheduling, cost estimation, communication and risk management. By having a comprehensive view of these aspects of project management, organizations can ensure that projects are completed on time, on budget and in accordance with their goals.