What Is Project Management?
WWPMM defines project management as the application of knowledge, skills, tools, and techniques to project activities to meet or exceed stakeholder objectives and expectations from a project (from PMI).
WWPMM also defines project management as the planning, organizing, monitoring, and controlling of all aspects of the project in a continuous process to achieve its objectives (from ISO 10006).
Both definitions are correct and accurately reflect what is generally expected of a project manager to successfully manage a project.
Project Management Responsibilities
WWPMM provides a consistent method for how projects are managed at IBM. The IBM Project Management Policy defines the specific set of elements of WWPMM that must be implemented on all projects.