PM Glossary – What is Project Management

1. What is Project Management

In layman’s terms – somebody wants to move from Point A to Point B (read “move” as being able to do something, hence the birth of a “Project”, also read “somebody” as a Stakeholder).

The whole act of thinking through (planning) and ensuring (execution and monitoring) that the journey from Point A to Point B is executed such that:

(i) “somebody” does reach to Point B,

(ii) around the same time he/she intended to,

(iii) and without losing too much (read money, time, zeal/interest/satisfaction)

(iv) and is still alive and cognizant of the above 3 points including this one,

can be termed Project Management.

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