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SECTION: NCE_4402 – 1B
PROFESSOR:
RATING:
The use of procedures, techniques, abilities, knowledge, and experience to
accomplish certain project goals in accordance with predetermined guidelines is known
as project management. Final deliverables in project management are subject to a
limited amount of time and money. The fact that project management has a final
outcome and a limited time frame as opposed to management, which is a continuing
activity, is a crucial aspect that sets it apart from simple "management." Consequently,
a project professional needs a diverse set of abilities, including several technical ones,
as well as solid people-management and commercial acumen. It is now generally
recognized that individuals in a wide range of professions may benefit from having a
basic understanding of project management. A young student working on a science
project can succeed with the aid of project management skills, and a corporate
executive can resolve interpersonal conflicts. Applications for project management
information systems are primarily intended to support project management, so it is
important to consider how well they support the project management techniques
outlined in project management theory, how well they enable access to support at
various stages of the project life cycle, and whether this scope is adequate from the
perspective of quality project management.
The process of planning and executing a project is typically broken down into
several parts that collectively make up the project life cycle. A project can be better
controlled and connected throughout the entire company by being divided into smaller
phases, according to the Project Management Institute's standards. Regardless of the
number of stages the project life cycle is divided into, this separation enables the solver
to organize the project's course of action and to concentrate on various activities in each
phase. In order to optimize the circumstances for regulating processes and activities
within particular phases, a project is divided into time-limited stages. If necessary, it is
feasible to further separate and organize each step into smaller tiers for a more logical
layout. There are several project management techniques available for the effective
implementation of distinct project life cycle phases. There are techniques, nevertheless,
whose advantages are utilized throughout additional phases or the full project life cycle.