Project management (PM)

PM involves initiating, planning, managing, controlling and completing projects. As a rule, a project always has a project leader, who is responsible for complying with the interests of the stakeholders of a project. In addition to the project manager, a classic project structure includes a steering committee (decision-making, escalation and reporting committee), a sponsor (internal supporter of the management-level project or external financier), change control management (Change Control Board = review, plan, approve and communicate change requests).