What are the key concepts in project management?
Process groups include initiating, planning, executing, monitoring and controlling, and closing. Knowledge areas include integration, scope, time cost, quality, human resources, communication, risk, procurement, and stakeholder management.Click to see full answer. Simply so, what is the concept of a project?A project concept is a statement that gives a program or project its direction, depth and…
Process groups include initiating, planning, executing, monitoring and controlling, and closing. Knowledge areas include integration, scope, time cost, quality, human resources, communication, risk, procurement, and stakeholder management.Click to see full answer. Simply so, what is the concept of a project?A project concept is a statement that gives a program or project its direction, depth and meaning. It is used to sell a project and guide decision making.Subsequently, question is, what do you understand by project management? Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time. The primary challenge of project management is to achieve all of the project goals within the given constraints. In this regard, what are the characteristics of a project? These seven characteristics are; A single definable purpose, end-item or result. Every project is unique. Projects are temporary activities. Projects cut across organizational lines. Projects involve unfamiliarity. The organization usually has something at stake when undertaking a project. What are the types of project? Types of Projects: (1) Manufacturing Projects: (2) Construction Projects: (3) Management Projects: (4) Research Projects: A project usually has three objectives: (1) Function or Performance: (2) Containment of Expenditure within Budget: (3) Time Scale is the Third Factor:
