In the simplest terms, a project is a unique temporary endeavor, with a set beginning and end. Using this broad definition, projects exist in every industry worldwide, from automotive and construction, to aerospace and software. It is easy to see how project managers — those professionals who manage projects consistently with time-tested processes — are a vital part of the global workforce. Project managers contribute to quality, efficiency and business results across the enterprise.

More formally, PMI defines project management as “the application of knowledge, skills, tools and techniques to a broad range of activities in order to meet the requirements of a particular project.”

The profession relies on five process groups:

• Initiating
• Planning
• Executing
• Monitoring and Controlling
• Closing

In addition, there are nine knowledge areas applicable across nearly every industry worldwide:

• Integration
• Scope
• Time
• Cost
• Quality
• Human resources
• Communications
• Risk management
• Procurement

For more information about process groups and knowledge areas, purchase A Guide to the Project Management Body of Knowledge (PMBOK® Guide).