Project Management: Phases, Methodologies, Success, and Failure

This report offers a comprehensive overview of project management, beginning with an introduction to its core concepts and the significance of effective project management. The report outlines the project management life cycle, detailing its various phases, including initiation, planning, execution, monitoring and control, and closure. It then explores different project management methodologies, with a particular focus on the Agile methodology, and discusses the factors that contribute to project success and failure, such as stakeholder involvement, project requirements, resource management, and cost estimation. The consequences of project management failures are also highlighted. The report concludes by emphasizing the importance of project management in successful project implementation. References from various academic sources are included to support the information presented.