Project management is the practice of managing a group of assigned responsibilities, or projects, within a specified time, cost, and resource framework, to maximise the effectiveness of the investment of the investors. The specific tasks to be completed with each project are defined and agreed prior to commencement. As can be found on a PRINCE 2 practitioner Courses and training.

Project management includes the practice of control systems, governing structures, legal agreements, and personnel policies. The supply chain management principles are applied in the preparation of Whatever proposal is finally approved by the board, and then to negotiate with any interested parties on their level of investment. In applying project management principles, projects are controlled by a set of processes and methods:

All projects are governed by specific processes. Each of these processes will be supported by a control mechanisms to monitor the implementation and effectiveness of activities.

 proposing a project:

a)the primary purpose of any project is to achieve results or bring about improvement within an …