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Project management is the art of starting, organizing, planning, and managing projects. Key features of a project include that it is unique, not a regular process; temporary, with a definite start and completion date; and mission-oriented, initiated with a specific goal to achieve. Examples of projects include the construction of a new hotel in Las Vegas, building a mobile app, or launching a new service or branch of business.
There are several reasons a project is undertaken. It is beneficial to take time to understand those reasons, it can contribute to the success of the Project.
There are many different Project Methodologies, it up to the Project Manager and Customer to work together to decide which methodology works best for them.
A project is a unique endeavor undertaken to achieve planned objectives. A project is usually deemed to be a success if it meets the objectives according to their acceptance criteria, within an agreed timescale and budget. Projects have a definite start and end.
A risk is an uncertain event or condition; risk can be both positive and negative.
Cost management is the process of figuring out how much the project is going to cost and what factors attribute to those costs. It allows a business to plan for costs to prevent it from going over budget.
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