Project management is the discipline of planning, organizing, directing, and controlling resources to achieve specific goals within a defined timeframe and budget. It involves coordinating tasks, resources, and stakeholders to deliver a project successfully. Key elements of project management include defining project objectives, creating project plans, allocating resources, managing risks, monitoring progress, and communicating with stakeholders. Project managers utilize various methodologies, tools, and techniques to ensure projects are completed on time, within budget, and according to quality standards. Effective project management ensures efficient use of resources, minimizes risks, and maximizes the likelihood of project success.