Project management is a process aimed at achieving the success of a project in terms of technical performance, costs and time-lines by implementing the appropriate methods and techniques.
Project management is based on a structured approach, that divides the project into manageable units, so that responsibilities can be assigned and scheduling, performance monitoring and follow-up can be implemented. It incorporates the disciplines of management, engineering and product assurance. It allows the relationships between participants to be officially defined, responsibilities to be delineated and interfaces to be managed.
Through configuration management, project management provides a means of identifying, defining and ensuring the traceability of the system's technical description throughout its entire life cycle. Due to the number of parties involved and the volume of information to be processed, rules need to be established for the acquisition and control of technical data.
Project management also covers management of the risks involved in all the project activities. Risk management allows all the risks to be defined and contained within the limits that were defined and accepted in determining the risk management policy for the project.