... on this later.The Project Management Body of Knowledge (PMBOK®)The Project Management Institute has attempted to determine aminimum body of knowledge that is needed by a project managerin ... definition of theproblem being solved.៑ The major phases of a project include concept, definition,planning, execution and control, and closeout. 22 Fundamentals of Project Management American Management ... Managing?The PMI definition of project management does not completelycapture the true nature of project management. Remember, itsays that project management is application of knowledge, skills,tools,...