Project Management
In short, project management (abbr.: pm) means the application of certain methods for planning, managing and executing a project by the project manager and project staff (or all project stakeholders). The primary task of project management is to achieve all project objectives and milestones taking into account project parameters. The project parameters are usually scope, time and budget - also known as project triangle .
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Project Management System
Project management system is a composition of several methods, methodology; procedure and resources to support the project management. The project management system is therefore a management and procedural model, and a performance model for the successful project completion in a company.
The main components are: flexibility to adapt to the changing circumstances; adaption to the environment, where the system is used; universality, comprehensive usability; early warning about any deviations; modularity, a stepwise processing principle of the work packages. Alongside for the effective project management system the required components are: objective, project control, change management, coordination of process and deadlines, information and reporting system, cost estimation, multi project coordination, controlling, sot management, human resources management, configuration management, quality management and documentation.