Uploaded by Ainur Raissova

Foundations of PM

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Project management is the application of knowledge, skills, tools, and techniques to meet the project
requirements and achieve the desired outcome. Project management is valuable to businesses because
it helps ensure that a project delivers the expected outcomes, both on time and within budget.
What does a Project manager do?
A project manager's daily responsibilities always include some version of the following, planning and
organizing. Project manager helps manage tasks for the team members and communicates key
milestones to the larger team or customers. This helps keep team members, and customers updated on
how the project is progressing. The third piece is budgeting and controlling costs and other factors.
Managing the budget and controlling costs is a common responsibility that project managers have to
understand to keep the project on track and within budget.
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