Project management is the process of planning, organizing, and overseeing the completion of a project within a specific timeframe and budget. It involves coordinating the efforts of a team of people to achieve specific goals and objectives, while also managing resources, risks, and changes throughout the project's lifecycle.

Project management typically involves five key stages: 1. Initiation: In this stage, the project manager defines the project's goals, objectives, and scope, and establishes a plan for how the project will be executed. 2. Planning: In this stage, the project manager creates a detailed project plan that outlines the tasks, timelines, resources, and budget required to complete the project. This includes developing a risk management plan, identifying potential obstacles, and defining the roles and responsibilities of each team member. 3. Execution: In this stage, the project plan is put into action. The project manager oversees the work of the team, monitors progress, and makes adjustments as necessary to keep the project on track. 4. Monitoring and control: In this stage, the project manager closely monitors the project's progress, tracks performance metrics, and makes adjustments to the plan as necessary. This includes managing risks, controlling costs, and ensuring that the project is delivered on time and within budget. 5. Closure: In this stage, the project is completed and delivered to the client. The project manager conducts a post-project review to assess the success of the project, identify areas for improvement, and capture lessons learned for future projects.

"Effective project management requires a combination of technical, interpersonal, and leadership skills. Project managers must be able to communicate effectively, build strong relationships with team members and stakeholders, and have a deep understanding of the project's goals and objectives. They must also be able to manage resources, anticipate and manage risks, and make difficult decisions when necessary to keep the project on track. "