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Why does a project manager need to understand project and product life cycle?

A project manager needs to understand both to be able to analyze and distinguish the difference and the appropriate time to use either.


What is the role of project management on business growth?

The job of the project manager is to bring in a project, "On time and under budget". A successful completion of a project "on time and under budget" assures profit for the company and brings integrity to the claims that are made by the sales force. In other words, the company gains when a project manager is successful; prospective buyers can feel more confidence in a company that is able to keep the promises that are made during a sales presentation.


What is time in a project?

Traditionally project time is the duration between the project start and the project end, sometimes known as the overall project duration. Within the project duration there are a series of activities that may or may not have logical dependencies. Scheduling allows an estimate of time for each of the individual activities. By taking into consideration the project context, the project requirements, available resources and budgets, a critical path (single or multiple) of activities through the project can be determined. This critical path represents the sequence of activities through a project network from the project start time to the project end time, the sum of whose durations determines the overall project time. If this critical path exceeds the time allowed to complete the project, then the project needs to be re-planned, such as adding additional resources, subcontracting out work, conducting up front de-risk work or taking advantage of opportunities that may arise after the start of the project.


Why is slack important to the project manager?

Slack is important when managing a project because it's is very rare that things don't change while working on a project. Budgets change, schedules change, available resources change and so do task priorities. Without slack time it'll be very challenging to be able to manage the project in a flexible way without causing tasks to be stuck or not have time to handle urgent things that were introduced (that weren't planned ahead of time).


Importance of project implementation?

The importance of project implementation is that you will be able to realize your objectives. This will also help you to clearly see how your project plan unfolds through implementation.

Related Questions

How am i able to contribute to this project?

You may be able to find a scientific project to which you can contribute


Why does a project manager need to understand project and product life cycle?

A project manager needs to understand both to be able to analyze and distinguish the difference and the appropriate time to use either.


What is the present tense for submit?

submit -- I submit my time sheet every week. submits -- He submits his time sheet every week submitting -- They are submitting their report today


How can I submit a question if I usually get no submit button?

use the button submit maybe the net was not working in your area at that time


What are the connections between project scope and project planning?

Defining the Project Scope is one of the key activities that will have a direct impact on the project. Without a firmed up and approved scope, no project manager will be able to plan for a successful project. Time & Cost Planning for the project are directly dependent on the Scope.


How do you submit svr 2011?

you submit automatically the time it takes depends on your damage


What is the pronoun in this sentenceShe was able to finish the project.?

The pronoun in the sentence is "she," which is referring to the person who was able to finish the project.


Should you be able to do a research project on Michael Jordan?

Yes you should be able to search a project on jordan.


Application for leave on Christmas event?

If you are try to submit a leave of absence for a Christmas event, you may not be able to get the time off. Some companies will only give you the actual holiday off. It is always best to submit your request as soon as possible.


Do you need planning permisson for a swimming pool in your basement?

You must submit plans for your project to the proper authorities.


Is tongal a free site?

Yes. You can sign up for and submit to any open project on Tongal for free.


What is the process for submitting paper bids for the upcoming project?

To submit paper bids for the upcoming project, follow these steps: 1. Obtain the bid documents from the project manager. 2. Fill out the required forms and provide all necessary information. 3. Submit the completed bid documents in person or by mail to the designated location before the deadline.