What is Project Management?

Abstract

Every business process is ultimately based on a business case that is intended to achieve specific objectives. The way that this is implemented, in operational terms, will vary according to the company’s corporate culture and leadership style. One approach that is widely used these days is management by objectives (or MbO). A fundamental principle of this approach is to delegate tasks, competencies and responsibility to the lowest possible level. In addition to simple line management, in terms of leadership style this approach calls for other special forms of operational management. This is where the following aspects of project management have proved to be particularly useful: