Before diving into project management, you must know what project management is.
PMBOK refers that project is only a temporary endeavor undertaken to create a unique service, result or product.
What is Project Management?
Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.
A Report on Projects in the USA
- A report of Standish Group in 2003, analyzed 13,522 projects in the United States. They found thatOnly a third of projects were successful (about 30%)
- 82% of projects were late
- 43% of projects exceeded their budget