1 Examples of projects include, but are not limited to: · Developing a new product or service, CHAPTER 1 - INTRODUCTION · Effecting a change in the structure, staffing, or style of an organization, · Developing or acquiring a new or modified information system, · Constructing a building or infrastructure, or · Implementing a new business process or procedure. 1.3 What is Project Management? Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. Project management is accomplished through the appropriate application and integration of the 42 logically grouped project management processes comprising the 5 Process Groups. These 5 Process Groups are: · Initiating, · Planning, · Executing,