What is PM²?

Prepare for the CAST Project Management FG IV Test. Utilize flashcards and multiple choice questions, each with hints and explanations. Achieve success in your exam!

PM² is a Project Management Methodology developed by the European Commission. This methodology provides a structured approach to project management that is tailored to the needs of the European Union institutions and organizations involved in public administration and project execution. It aims to facilitate the management of projects in a consistent and effective manner, ensuring that project results meet set objectives and are delivered on time and within budget.

The development of PM² is grounded in best practices from existing project management frameworks, reflecting methodologies that are widely recognized, while also taking into account the unique context and requirements of EU projects. PM² emphasizes collaboration, stakeholder engagement, transparency, and results-oriented practices, making it particularly suitable for projects that require coordination between various EU entities and member states.

By focusing on the specific requirements and characteristics of EU projects, PM² provides project managers with tools, templates, and guidance to successfully lead their initiatives and achieve desired outcomes. This methodology helps to standardize practices across the European Commission and enhances the overall efficiency and effectiveness of project delivery within its framework.

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