Ultimately, a well-thought-out and well-crafted project plan can play a critical role in achieving project management success. Project activities are varied, and therefore, for the most part, we need people with different skills to work on them. In addition to time and people, we also need resources (money, materials).
Project management triangle
Scope – what needs to be done (goal vs. activities)
Time – required for the implementation of all activities
Resources – human, financial and material
Project management or project steering is defined as the art and science of coordinating people, materials, money, and schedules so that a given project is completed on time and at the planned cost.
Each project shall consist of at least the following points:
Characteristics of project management: