Project Management (PM) refers to the planning, initiation, execution, monitoring, and closing of a project. PM is a business function utilised in many sectors and is a vital component for the success of construction, engineering, and IT companies. PM can be applied to a one-off project or an ongoing activity, and resources managed include personnel, finances, technology, and intellectual property. Project Managers plan and organise company resources to move a specific task, event or duty towards completion.
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