This report delves into the core concepts of project management, focusing on portfolio management, governance structures, and the different types of organizational structures that impact project success. It explores the significance of project design, emphasizing the early-stage planning that defines key features, success criteria, and deliverables. The report also examines the roles of key personnel in project management, including the immediate leader, Project Manager, and Product Manager. Furthermore, it touches upon the different types of projects (manufacturing, development, commercial) and the various ways projects can be categorized. The report draws on resources such as Kerzner's work on project management and the Project Management Professional (PMP) Handbook, providing insights into the practical application of these concepts within an organizational context.