The application of processes, methods, skills, knowledge, tools, techniques and experience to achieve specific project objectives or requirements according to the project acceptance criteria within agreed parameters. This includes steps like understanding, defining, coordinating, planning, scheduling, directing, executing, controlling, monitoring and evaluating prescribed activities to ensure that the final deliverables are achieved within time and budget.
Synonymous: none
Included terms: Risk management
Source: (APICS dictionary; APM, 2021; PMI, 2021; Slack et al., 2013)