Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria. It involves managing resources, schedules, budgets, risks, and the scope of a project to ensure it is completed successfully and on time. Project managers use various tools and techniques to effectively plan, monitor, and track the progress of a project, and to ensure that it is delivered within budget and meets the requirements of stakeholders. Project management is essential in various industries, such as construction, engineering, IT, healthcare, and marketing, to ensure that projects are completed efficiently and effectively.