Project Management

Project management is considered as a planned but well organized effort taken in an account for the execution of a project successfully. The process is divided into different phases which involve the initiation of a process, its execution, monitoring, controlling and last but not the least, the closing (Larson & Gracy, 2003). The project management is aimed to attain the project goals while anticipating and analyzing the different limitations such as scope, time, and budget. The secondary challenge is based on the optimization of resources in a well organized manner (Larson & Gracy, 2003).