Project management is the process and activity of planning, organising, motivating, and controlling resources, procedures and protocols to achieve specific goals. A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding).
Undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value. The temporary nature of projects stands in contrast with business as usual or operations, which are repetitive, permanent, or semi-permanent functional activities to produce products or services.
In practice, the management of these two systems is often quite different, and as such requires the development of distinct technical skills and management strategies.
The primary challenge of project management is to achieve all of the project goals and objectives while honouing the preconceived constraints. The primary constraints are scope, time, quality and budget.
Projects need to be managed effectively to prevent instability within your business or serious disruption resulting in financial loss. No excuses when pre-defined objectives are not met. Therefore, it is essential that effective project management processes and practices, such as the Prince 2 or similar approach are fully understood by leaders, managers, engineers and contractors.