Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
This application of knowledge requires the effective management of appropriate processes.
The project management processes are heavily influenced by the Plan-Do-Check-Act cycle, which is also referred to as the PDCA, Deming Cycle, Shewhart Cycle, and Deming Wheel.
Plan-Do-Check-Act is the basic foundation for continual improvement concepts in a wide variety of industries and disciplines.
PLAN: Design or revise a process to achieve the desired results.
DO: Implement the plan and measure its performance.
CHECK: Analyze the metrics and review the results.
ACT: Decide what changes are needed to improve the process.
The PMBOK has established 42 processes collectively known as the project management processes, which are categorized into five process groups and nine knowledge areas.
These processes are applicable to all projects and generally accepted as the best practices for project management.
Each individual process focuses on a specific purpose, such as creating the project risk register, while the entire collection of processes make sure that all the project management components are properly integrated with each other.