Project management is the structured process of planning, executing, and overseeing projects to achieve specific goals within set constraints like time, cost, and scope. It involves organizing resources, managing risks, and ensuring quality while balancing competing demands. Common methodologies include Agile, Waterfall, and Scrum, each suited to different project types. Effective project management ensures that objectives are met efficiently and successfully, with tools like Gantt charts, task management software, and budget tracking playing a key role. Skilled project managers drive progress, maintain team focus, and navigate challenges to deliver successful outcomes.