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Project management
Project management is the discipline of organizing and managing
resources in such a way that these resources deliver all the work
required to complete a project within defined scope of work, time,
and cost constraints. A project is a temporary and one-time endeavor
undertaken to create a unique product or service. This property of
being a temporary and a one-time undertaking contrasts with
processes, or operations, which are permanent or semi-permanent
ongoing functional work to create the same product or service
over-and-over again. The management of these two systems is often
very different and requires varying technical skills and philosophy,
hence requiring the development of project management.
The first challenge of project management is ensuring that a project
is delivered within the defined constraints. The second, more
ambitious, challenge is the optimized allocation and integration of
the inputs needed to meet those pre-defined objectives. The project,
therefore, is a carefully selected set of activities chosen to use
resources (time, money, people, materials, energy, space,
provisions, communication, quality, risk, etc.) to meet the
pre-defined objectives.
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