What is the Full Form of PM?

Full Form of PM in English and Hindi
Short Name	In English	In Hindi
PM	Prime Minister	प्रधान मंत्री
	Private Message	निजी संदेश
	Project Management	परियोजना प्रबंधन
	Program Manager	कार्यकर्म प्रबंधक

What is Project Management?

A project is temporary is defined as a beginning and end in time and therefore defined scope and resource and also a project is a unique is not a routine operation, but a specific set of operation designed to accomplish a singular goal. So a project team often includes people who don’t usually work together-sometimes from different organizations and across multiple geographies. Project Management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. Simply, it is discipline of initiating, planning, executing, controlling and closing work of a team to achieve specific goals and also meet specific success criteria.

Basic Phases of Project Management-

• Project conception and initiation: An idea for a project will be carefully examined to determine whether or not it benefits the organization. During this phase, a decision making team will identify if the project can be realistically completed.
• Project definition and planning: A project plan, project charter and project scope may be put in writing and also outlining the work to be performed. During this phase, a team should prioritize the project, calculate a budget and schedule and determine what resources are needed.
• Project launch or execution: Resources tasks are distributed and teams are informed of responsibilities. This is a good times to bring up important project related information.
• Project performance and control: Project manager will compare project status and progress to actual plan, as resources perform the schedule work. During this phase, project managers may need to adjust schedules or do what is necessary to keep the project on track.
• Project close: after all the project tasks are completed and the client has approved to outcome, an evaluation is necessary to highlight project success and or learn from project history. Project and Project management processes vary from industry to industry. However, thses are more traditional elements of a project.

Project Management has five groups-

• Initiating
• Planning
• Executing
• Monitoring and Controlling
• Closing

Project Management has ten areas-

• Integration
• Scope
• Time
• Human Resource
• Communications
• Risk Management
• Cost
• Quality
• Procurement
• Stakeholder Management

More about Project Management-

Project Management describe as a phase model. There are mainly four project management phases that are:

• Step 1- Project Definition Phase
• Step 2- Project Planning Phase
• Step 3- Project Implementation
• Step 4- Project Closure Phase

There are more management core process and its supporting processes that are-

• Sales and Proposal Management
• Stakeholder Management
• Risk Management
• Problem Solving
• Quality Management

In Fundamental of Project Management, we cannot plan for everything that could happen and also rather start talking action because things unfold differently from what we can plan anyway. We want to achieve the best possible project result. This can only do by managing implementation and closure phase in the best possible way. This is only possible if we prepare everything we need for optimum implementation and closure in definition and also planning phase