Project management is the process of planning, executing, and overseeing a project to achieve specific goals within a defined timeframe, budget, and scope. It involves key phases: Initiation, Planning, Execution, Monitoring & Controlling, and Closure.

Key Aspects of Project Management:

• Scope Management: Defining project objectives and deliverables clearly.
• Time Management: Scheduling tasks, setting deadlines, and ensuring timely completion.
• Cost Management: Budgeting and controlling expenses to avoid overspending.
• Risk Management: Identifying potential risks and creating mitigation strategies.
• Communication: Ensuring clear and effective communication among stakeholders.
• Quality Management: Maintaining standards to meet project expectations.

Project managers use various methodologies like Agile, Scrum, Waterfall, and Kanban based on project needs. Effective project management ensures efficiency, productivity, and successful project completion.