Final answer:
Project management encompasses the comprehensive oversight of a project, including planning, organizing, and controlling all its aspects to ensure successful completion.
Step-by-step explanation:
Project management is the planning, organizing, monitoring, controlling and reporting of all aspects of a project. The process begins once the foundation is in place and includes several components. Effective project management ensures that a project's goals are met within the specified constraints of time, quality, and cost. It encompasses a variety of methodologies and techniques, from the initial conception of the project to its completion. A project manager typically oversees these operations to ensure successful project execution.