Project management involves planning, executing, completing, and evaluating large projects that often require coordination of people and resources over an extended timeline. It differs from action planning in that project management deals with larger scale work broken into major tasks with rough deadlines, while action planning focuses on creating detailed plans for completing tasks between larger milestones. Potential issues that could impact a project include changing deadlines, emergencies arising, or difficulties coordinating group work. It is important to plan for flexibility and maintain open communication.