Project management is an essential part of running a successful business. According to the Project Management Institute, it is defined as the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. It involves the coordination and integration of all the resources and stakeholders necessary to complete a project. In essence, project management is a process of organizing and controlling resources and activities in order to meet the desired outcomes and objectives of a project. It is an essential skill for any business to ensure the successful completion of projects in a timely manner.
Project management options vary depending on the type of project and the resources available. Generally, there are three popular project management options: traditional, agile, and hybrid. Traditional project management follows a predetermined plan and is appropriate for projects with a defined timeline, clear goals, and well-defined processes.