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3. Introduction to Project Management Project Management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. It involves planning, executing, and monitoring projects to achieve specific goals. Phases of Project Management: - **Initiation**: Defining the project and getting approval. - **Planning**: Outlining tasks, schedules, and resources. - **Execution**: Implementing the project plan. - **Monitoring and Controlling**: Tracking progress and making adjustments. - **Closure**: Finalizing the project and assessing success.