Keep your butt from getting sued out of business or into jail.
The main benefit of Project Management is that it seeks to meet or exceed the stakeholders expectations of a certain project. Usually the result is indeed a better project.
product lifecycle management or project lifecycle management, the former is most common.
The economic downturn. project management software application. The structure of the organization.
Project Management
Yes. The Scope Baseline - which is part of the overall Project Management Plan is used as an input to the Verify Scope process
Importance of cost control in project management?
The importance of a project is determined by the objectives and the goals expected. The importance of the project will also influence the management controls that are to be put in place.
Cost Management is critical to Project Management. A project cannot be initiated with Cost Management not in place, since cost management is about estimating, budgeting, monitoring, and analyzing the cost information.
I think the question implies that you believe that Project Management is an evolution of normal, traditional management.Project Management is about a managing a project with a defined length (in time), cost, and specification. Project Management is said to be about 90% communications (thus the importance), as the Project Manager usually has to communicate to a lot of people (stakeholders, employees, etc...), in order to get his/her project done.
Although project Management is a subset of both, quite often Construction Management can mean the same thing as Construction Project Management.
The topic of project management is getting more attention lately because the importance of the position to the positive outcome of a project has been recognized.
Stastics produce reliable information relative to project management as opposed to myths and rules of thumb that are developed more randomly and with less reliability. .,
Because each Stakeholder of a project has a certain level of importance and influence on the project execution and hence they are all important for planning and managing a project
R&D projects are moving from discovery to goal oriented. The tools of project managment can support this.
Project Cost Management Project Quality Management Project Human Resource Management Project Communications Management Project Risk Management Project Procurement Management Project Stakeholder Management
The Different Parts of a Project Plan would include:Scope Management PlanQuality Management PlanCost Management PlanTime Management PlanRisk Management Plan &Procurement Management Plan (Only in some cases)
The importance of computer to engineering is quite versatile. It is used in project management, making drawings and illustrations, communication and so much more.