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Project Management

Prepare a paper addressing the following:

a. What is a project?
b. What is a project life cycle?
c. How do projects assist organizations and people to accomplish things?
d. Explain a project that you have worked on, either in personal life or in business, and what was good or bad about that project. Did the project complete on time, within budget, and meet expectations?

Solution Preview

a. According to PMBOK, a project is a finite endeavor (having specific start and completion dates) undertaken to create a unique product or service which brings about beneficial change or added value. Project management is the discipline of planning, organizing and managing resources to bring about the successful completion of specific project goals and objectives.

b. According to PMBOK, project development includes five elements: control systems, and four stages. Regardless of the methodology used, ...

Solution Summary

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