Project Management Practice is a specialized field of business that is responsible for the successful completion of a set of tasks. It is an organized approach to the coordination of resources, including people, processes, technology, and other resources in order to complete a goal or project. It encompasses the entire life cycle of a project, from its initiation to its completion. It requires a great deal of planning and organization, including the development of detailed objectives, strategies, and a plan of action. Additionally, it involves the approval of resources, the estimation of costs, and the management of risks. Project Management Practice also involves the development of communication and reporting systems, the organization of teams, and the delegation of tasks. It also requires the monitoring and control of the project, as well as its final completion. Finally, it involves the assessment of the success of the project, and the implementation of improvements for future projects.