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Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Project management is accomplished through processes, using project management knowledge, skills, tools, and techniques that receive inputs and generate outputs. | Section II The Standard for Project Management of a Project Chapter 3 Project Management Processes for a Project Chapter 3 3 Project Management Processes for a Project Project management is the application of knowledge skills tools and techniques to project activities to meet project requirements. Project management is accomplished through processes using project management knowledge skills tools and techniques that receive inputs and generate outputs. In order for a project to be successful the project team must Select appropriate processes within the Project Management Process Groups also known as Process Groups that are required to meet the project objectives Use a defined approach to adapt the product specifications and plans to meet project and product requirements Comply with requirements to meet stakeholder needs wants and expectations Balance the competing demands of scope time cost quality resources and risk to produce a quality product. This standard documents information needed to initiate plan execute monitor and control and close a single project and identifies those project management processes that have been recognized as good practice on most projects most of the time. These processes apply globally and across industry groups. Good practice means there is general agreement that the application of those project management processes has been shown to enhance the chances of success over a wide range of projects. This does not mean that the knowledge skills and processes described should always be applied uniformly on all projects. The project manager in collaboration with the project team is always responsible for determining what processes are appropriate and the appropriate degree of rigor for each process for any given project. A Guide to the Project Management Body of Knowledge PMBOK Guide Third Edition 2004 Project Management Institute Four Campus Boulevard Newtown Square PA 19073-3299 USA .
