Project management is the application of knowledge, skills, tools, and techniques to project activities to meet specific goals within designated constraints, primarily scope, time, and budget. It involves leading teams, managing resources, and mitigating risks to deliver value. Key approaches include predictive (traditional), adaptive (agile), and hybrid models.
Business and Economics
Business studies and economics are complementary social sciences focused on resource allocation, production, and consumption, with business studies providing practical, firm-level management skills, while economics analyzes broader market, societal, and global trends. Business studies focuses on topics like marketing, accounting, and operations, whereas economics explores supply and demand, policy, and market behavior.