This report provides a comprehensive overview of project management principles, delving into the five major categories of the project life cycle: initiation, planning, execution, monitoring and controlling, and closure. It outlines the ten project management knowledge areas, including integration, scope, schedule, cost, quality, resource, communication, risk, procurement, and stakeholder management, detailing their processes and objectives. The report then examines the crucial role of project quality plans, emphasizing their adaptability to industry and project types, especially in global projects. It highlights the importance of quality plans in managing responsibilities, controlling documentation, specifying design controls, monitoring development, identifying quality risks, and ensuring adherence to standards. Furthermore, the report underscores the significance of robust governance models, stakeholder alignment, and cohesive global project teams in achieving project success. It emphasizes the need for clear guiding principles, proactive stakeholder management, and integrated collaboration tools to facilitate effective project execution and knowledge transfer.