Project management (PM) refers to the way you organize, oversee, and complete your project and deliver value. Successful PM requires specific knowledge, skills, tools, and techniques to effectively execute the project within given parameters, like timeline and budget.
While project management shares many qualities with the following practices, it is important to understand the differences among them:
- Task management: Oversees the completion of individual tasks, rather than managing how tasks fit together.
- Project coordination: Refers to the day-to-day management of related tasks, and any necessary organization and communication involved in project delivery.
- Process management: While a project has a defined end point, a process is ongoing, and requires continuous management and optimization.
- Program management: Refers to managing multiple projects that make up a program and drive toward strategic objectives. May include managing dependencies across projects, allocating resources, and prioritizing efforts.
Industries of all types and sizes depend on project management to deliver successful projects. Likewise, all departments within an organization can benefit from using a formalized PM method to stay organized, collaborate more efficiently, and increase effectiveness.
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