Project Management tries to gain control over five variables:
Time – The amount of time required to complete the project. Typically it is broken down for analytical purposes into the time required to complete the components of the project. This is then further broken down into the time required to complete each task contributing to the completion of each component.
Project Management is composed of several different types of activities such as:
1. Planning the work
Project Management is the discipline of defining and achieving targets while optimizing the use of resources (time, money, people, materials, energy, space, etc) over the course of a project (a set of activities of finite duration).