Project Management: Heads & Tails

What is Project Management?
Defining simply, project management is the discipline of planning, leading, monitoring and organizing a team and resources in order to effectively bring about the successful completion of a project based on predefined budget, time, quality, scope and resources allocated.

What is the project management life cycle?
There are generally four stages of the project management life cycle. These include Project Initiation, Project Planning, Project execution and control, and Project closure.  There can be more detailed breakups but I thought to just putting these up for every one related which will provide a clear definition and the process involved.

As I get more relative resource I’ll keep adding renowned theories of management gurus.