Understanding Project Management Project Management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. Project management is accomplished through the appropriate application and integration of 42 logically grouped project management processes comprising the five process groups (Project Management Institute (2008). A Guide to the Project Management Body of Knowledge. (4th Edition). The five process groups are; initiating, planning, executing, monitoring and controlling and finally closing the project. Identifying requirements, addressing various needs, concerns and expectations of stakeholders and balancing the project are some areas which a project manager is typically...The end:
.....oncerned parties. However the project manager’s role in a government project is needs to take into consideration the tight budgetary controls that are necessary. References & Bibliography Richard, P. (2008). Real World Project Management: Beyond Conventioanl Wisdom, Best Practises and Project Methodologies. John Wiley & Sons. Hill, G. M., (2008). The Complete Project Management Office Handbook. (Second Edition). Auerbach Publications. Lewis, J. P. (2008). Mastering Project Management. (Second Edition). McGraw Hill. Mochal , T. & Mochal , J. (2007). Lessons in Project Management. TenStep , Inc. Project Management Institute (2008). A Guide to the Project Management Body of Knowledge. (Fourth Edition). Project Management Institute.