Project
Management is the art and science of converting abstract into concrete or
vision into reality. The realization can be most effective through formal
understanding of project management processes.
Project management involves application of skills, knowledge, tools and techniques across five process groups to meet the project objectives. The five groups are:
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Initiation
or conceptualization
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Planning
or development
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Execution
or implementation
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Monitor and Control
or keeping the activities on track and
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Closing