IT Project Management is the process of planning, organizing, and executing IT projects to achieve specific goals and deliver desired outcomes within defined constraints, such as time, budget, and resources. Effective IT project management ensures that IT initiatives are completed successfully, meeting stakeholders' requirements and expectations.

Key components of IT Project Management include:

1. Project Initiation: During this phase, the project's objectives, scope, deliverables, and stakeholders are identified. The project manager collaborates with stakeholders to define project requirements and establish a clear understanding of project goals.

2. Project Planning: In this phase, a detailed project plan is created, outlining the tasks, timelines, resources, and budget required for project execution. Risk assessment and mitigation strategies are also developed during this stage.