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Project management is a method of organizing all activities related to a project and its parts. The purpose of a project may range from new product development to a service launch.
The completion of all project objectives is project management's primary challenge. Unlike a standard business process, a project is a unique and temporary creation that consumes resources, has a beginning and end and operates according to specified funding and budgetary constraints.
Effective project management requires controlled scope and resource focus, according to organizational requirements.
All projects follow the stages below:
The science and practice of project management developed into a discipline in the late 18th century. In the early 1900s, Henry Gantt - a project management forefather - developed the Gantt chart for the tracking of scheduled projects. By the 1950s, the engineering industry and the military recognized project management as a key scientific discipline.
Today, project management is a given. Businesses rely on collaborative software and Web-based cloud solutions, such as Basecamp. A well-known IT and cloud governance solution is CA Clarity Project and Portfolio Management (CA Clarity PPM).