Project management is the practice of planning, organizing, and executing tasks to turn an idea into a tangible deliverable within specific constraints. Unlike operations management, which focuses on ongoing business activities, project management deals with temporary initiatives that have a definitive start, end, and objective. The Triple Constraint
Every project is bound by three competing variables known as the Triple Constraint or the “Project Management Triangle”:
Scope: The specific goals, deliverables, tasks, and boundaries of the project.
Time: The finite timeline, schedules, and final deadline for delivery.
Cost: The budget allocated for labor, resources, equipment, and materials.
Note: Changing one constraint inevitably affects the other two. For example, expanding the project scope will require more time and money. The 5 Phases of the Project Lifecycle
Project managers rely on a structured, five-stage framework established by the Project Management Institute (PMI) to guide an idea from concept to completion: What Is Project Management – PMI
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