Project management principles are required to manage the projects throughout the project life cycle, from conception to completion. To start with let us clarify project contexts;

A project is a temporary endeavour undertaken to create a unique product, service, or result.Definition from PMBok Guide

In the real world, a project is unique with inter-related tasks, which has defined start and finish times whose purpose is to achieve a common objective.

A common understanding of best practices for projects share the common characteristic of being:

  • temporary – having a definite start and finish
  • unique – the product or service is different in a significant way from all similar products or services.

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