• Coordinate the various interrelated processes of the project.
  • Ensure project includes all the work required, and only the work required, to complete the project successfully.
  • Ensure that the project is completed on time and within budget.
  • Ensure that the project will satisfy the needs for which it was undertaken.
  • Ensure the most effective use of the people involved with the project.
  • Promote effective communication between the projects team members and key stakeholders.
  • Ensure that project risks are identified, analyzed, and responded.

In practice, Project Management follows a Phased Approach for Project Execution and have a standard defined Project Life Cycle. Teamwork and Quality Assurance are few important inherent characteristics of successful Project Management.
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