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  • A Temporary and Often Customized Initiative: Project Is

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    Catherine Sunogan
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    Project management involves coordinating temporary initiatives consisting of multiple tasks to be completed on time and within budget. It requires systematically planning, scheduling, and controlling projects to efficiently use an organization's resources and effectively coordinate the skills needed across project disciplines to accomplish the complete outcome. Effective project management is based on defining, planning, organizing, controlling, and closing a project through its life cycle while managing the critical factors of time, resources, and cost, often using the critical path method to schedule and control project activities.

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    This is a summary of chapter 18

    Original Title

    18 Project Management

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    Project management involves coordinating temporary initiatives consisting of multiple tasks to be completed on time and within budget. It requires systematically planning, scheduling, and controlling projects to efficiently use an organization's resources and effectively coordinate the skills needed across project disciplines to accomplish the complete outcome. Effective project management is based on defining, planning, organizing, controlling, and closing a project through its life cycle while managing the critical factors of time, resources, and cost, often using the critical path method to schedule and control project activities.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    7 views1 page

    A Temporary and Often Customized Initiative: Project Is

    Uploaded by

    Catherine Sunogan
    Project management involves coordinating temporary initiatives consisting of multiple tasks to be completed on time and within budget. It requires systematically planning, scheduling, and controlling projects to efficiently use an organization's resources and effectively coordinate the skills needed across project disciplines to accomplish the complete outcome. Effective project management is based on defining, planning, organizing, controlling, and closing a project through its life cycle while managing the critical factors of time, resources, and cost, often using the critical path method to schedule and control project activities.

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    © All Rights Reserved
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    18 Project management

    Project Is a temporary and often customized initiative that consists of many smaller tasks and activites that
    must be coordinated and completed to finish the entire initiative on time and within budget.
    -are the major value creation process, and the major activities in the value chain revolve around it.
    -require systematic management
    - are used on an infrequent basis to implement new strategies and initiatives of for supporting value chain
    design and improvement activities

    Project management Involves all activities associated with planning, scheduling, and controlling projects
    -org's resources are used efficiently and effectively
    -skills are essential to coordinate multiple project disciplines needed to successfully accomplish a projectwithh
    complete outcome

    Stages that characterize PROJ LIFE CYLY FORM & Basis for effective project management
    1. Define
    2. Plan
    3. Organize
    4. Control
    5. Close

    3 factirs
    1. Time
    2. Resources
    3. Cost

    Critical path method (CPM) is an approach to schedulling and controlling proh activities
    Aa

    Critical oatg

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