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What is RFS project?

Request for Service: It's a term used in IT / Project Management


What is project management spectrum?

There's really no such "official" (for lack of better words) thing as Project Management Spectrum, this is merely a term meaning the activities that Project Management covers.


What do you mean by project examination?

This is a vague term that can mean multiple things (in Project Management):- PMP Exam: Project Management Professional Exam- Project Audit: Your project being audited/examined


In project management what does the term deliverable refer to?

In project management, a deliverable is a tangible or intangible object produced as a result of a project with the intent of being delivered to a customer.


What does commission rate mean in math terms?

the term commission means the amount of money you earn


What is meant in the PRINCE2 project management method by the term tolerances?

The term tolerance in the Prince 2 project management method refers to the capacity or power for an organism to withstand unfavorable environmental conditions.


What does the term material broke out mean?

Material break out means to itemize the costs of materials for a specific project or to separate them from the labor, management, etc. costs.


What are the key differences between business management and project management, and how do these differences impact the overall success of a project?

Business management involves overseeing the overall operations and strategy of a company, while project management focuses on planning and executing specific projects within a set timeframe and budget. The key differences lie in their scope and focus: business management is more long-term and strategic, while project management is more short-term and tactical. These differences impact the success of a project by ensuring that resources are allocated efficiently, goals are met on time, and risks are managed effectively. Effective coordination between business and project management is crucial for achieving overall project success.


What is the meaning of the term stakeholder?

A stakeholder (in Project Management terms) is anyone who's affected and who can affect, in one way or another, the project.


Define the term Earliest Occurrence Time in Project Management?

earliest occurence time in event


What is a term for a group of related parts that work together to achieve a desired result?

System (in Project Management).


What is importance of project work?

Project management is a term used in the management of projects. It involves the way and manner in which projects are being handled and executed for an optimal result. Before any project can be successfully achieved, there must be a research no how much of human power will be needed, expenditures, resources e.t.c that will be put into the project. It also involves the experience of an expert in such filed of management.