This book comprehensively addresses all essential aspects of modern project management in theory and practice. For authorities and companies engaged in executing national and international project tasks, the application of professional project management is a crucial requirement to successfully compete in the global market. The book provides detailed descriptions of project management processes accompanied by practical examples. Major topics of the book are: project management significance for industry and authorities definition of project goal and lifecycle consideration organizational concepts, leadership and personnel recruitment system definition, engineering and quality assurance project structure, schedule and cost status monitoring documentation, configuration and change control project risk identification, assessment and mitigation application of project management software international project work within a global environment development and execution of project management training courses The final chapter contains a critical assessment of existing methods and application followed by an outline of more efficient project execution in the future. The Author Bernd-J. Madauss has fifty years of professional experience as space engineer and manager in the execution of scientific and commercial space projects. He studied Naval Architecture in Bremen and later pursued a Master of Business Administration (MBA) at Pacific States University (PSU), Los Angeles, where he also obtained his PhD and was appointed as a Full Professor in 1986. He is a faculty member and Visiting Professor at the International Space University (ISU), Strasbourg.