What is project management? Project Management can be defined as the discipline and process of managing the end-to-end activities within a project life cycle from the planning, monitoring and control of all aspects of the project to budgeting, resource management and the motivation of all those involved; to achieve the project objectives on time and to the specified cost, quality, and performance. A basic project management lifecycle covers four stages: Initiation, Planning, Execution and Closure. The importance of project management. When done correctly, project management is integral for any organisation as it helps all facets of the business run…