Project Management Practices are a set of processes and procedures that organizations use to manage the planning, execution, and closure of projects. These practices are typically focused on the core elements of the project, such as cost, timelines, and resources, but may also involve risk management and quality control.
Project management practices involve the use of appropriate tools and techniques to ensure the project is completed on time and within budget. This includes utilizing software such as project management software, financial management systems, and scheduling applications. In addition, project management practices also involve setting up a project team, assigning tasks and responsibilities, and developing communication and control plans. The success of a project is determined by the effective application of project management practices. Therefore, organizations must ensure that they understand the goals, objectives, and scope of the project before implementing any project management practices.