Project Management is an art of balancing and organizing the various aspects of a project. The Project Management Body of Knowledge (PMBOK) is a standard framework developed by the Project Management Institute (PMI) that outlines the best practices for project management. PMBOK provides project managers with a clear understanding of what needs to be done, when it needs to be done, and how it needs to be done to ensure the success of a project.

Understanding PMBOK: A Comprehensive Guide to Project Management

What are the five stages of project management? The project management process is usually broken down into phases according to its life cycle, starting from Project Initiation and ending in Project Closure. In this project management guide, we will take a closer look at these five phases.