Project Management is organizing and managing resources in such a way that these resources deliver all the work required to complete a project within defined scope, time, and cost constraints. A project is itself a temporary and one-time endeavor undertaken to create a unique product or service. This property of being a temporary and one-time undertaking contrasts with processes, or operations, which are ongoing functional work to create the same product or service over and over again.
Project Management involves developing a project plan, which includes defining project goals and objectives, specifying tasks or how goals will be achieved, what resources are need, and associating budgets and timelines for completion. Project management also includes project plan implementation, along with controls to stay on the critical path, that is, to ensure the plan is being managed according to plan. Project management usually follows major phases (with various titles for these phases) including: feasibility study, project planning, implementation, evaluation and support/maintenance. (Program planning is usually of a broader scope than project planning, but not always.)
Process Value Management provides effective project management with strict adherence to its principals is critical to the change management process.