Project
management is concerned with the overall planning and co-ordination of a
project from conception to completion aimed at meeting the stated requirements
and ensuring completion on time, within cost and to required quality standards.
Project
management is normally reserved for focused, non-repetitive, time-limited
activities with some degree of risk and that are beyond the usual scope of
operational activities for which the organization is responsible.
A
project is a temporary endeavor undertaken to create a unique product or
service. A project is temporary in that there is a defined start (the decision
to proceed) and a defined end (the achievement of the goals and objectives).
Ongoing business or maintenance operations are not projects. Energy
conservation projects and process improvement efforts that result in better
business processes or more efficient operations can be defined as projects.
Projects usually include constraints and risks regarding cost, schedule or performance
outcome.