Project management processes are further divided into initiating, planning, execution, controlling, and closing processes. Let us first concentrate on the theory of the project proper (product-oriented processes), and then on the theory of management, covering the core processes of planning, execution, and controlling.
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 or staffing) undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value.
Introduction to project management
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