R&D projects are moving from discovery to goal oriented. The tools of project managment can support this.
R&D Project Management is characterized by using (almost always) an iterative approach. Conventional Project Management is not restricted to any approach/methodology.
Importance of cost control in project management?
PRINCE2 offers a project management methodology. This offer research and development for controlled environmental management situations within one's home.
The IT project management is on top of the systems development process and its absence in the systems development process will results to wastage of resources.
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.
R&D Project Management is characterized by using (almost always) an iterative approach. Conventional Project Management is not restricted to any approach/methodology.
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.
PRINCE2 offers a project management methodology. This offer research and development for controlled environmental management situations within one's home.
Without research you don't know what's been done before, you don't know if certain parts of your project will work, you don't know if you are using the proper materials for your project, etc. Research is a HUGE part of devolpment. You CAN NOT have development without research. Research is not just looking things up, it's also trial and error.
The IT project management is on top of the systems development process and its absence in the systems development process will results to wastage of resources.
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.
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.
what process related components do you need to consider for the project management plan
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.
Research and development.
Although project Management is a subset of both, quite often Construction Management can mean the same thing as Construction Project Management.