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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.

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What level of management is division management?

top role management like engineers .. project managers....


Why is product management experience important for this role"?

Product management experience is important for this role because it demonstrates the ability to understand customer needs, develop successful products, and drive business growth through strategic decision-making.


Which statements correctly describe the project management institue PMI and its role in the project management profession?

The Project Management Institute (PMI) is a global nonprofit organization that advances the project management profession through standards development, certification, education, and networking opportunities. PMI is best known for its widely recognized Project Management Professional (PMP) certification, which validates a project manager's skills and knowledge. Additionally, PMI publishes the PMBOK® Guide, a foundational resource outlining best practices and processes in project management. Through its resources and community, PMI fosters professional growth and promotes the importance of project management across various industries.


What is the Role of management in modern business?

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What is commercial management?

Commercial management involves overseeing and optimizing the business aspects of a project or organization, focusing on maximizing profitability and ensuring efficient resource allocation. It includes activities such as contract negotiation, financial planning, risk management, and stakeholder engagement. The goal is to align the commercial strategy with the overall business objectives, ensuring that projects deliver value and meet financial targets. Effective commercial management plays a crucial role in driving sustainable growth and competitive advantage.

Related Questions

What is the role of a business development director?

The role of a business development director is one that focuses on the management of the tasks and processes that aims to develop growth opportunities. This should translate to profit.


What level of management is division management?

top role management like engineers .. project managers....


What is Project Management's role?

The Project Management's role is a very dynamic role which is constantly evolving with the changing dynamics of the day to day operations of the project. The correct allocation of personnel to their best matched role is paramount. Skills, tools and techniques all have to be taken into consideration.


Can a VB 6.0 developer become a Project Manager?

Many IT project managers come from a software development background. However, many will tell you that spending some time in a business analyst role gave them the additional writing and presentation skills they needed to be effective in a project management role.


Who is a project officer?

Someone employed to fill that that role who is trained in project management techniques.


Why is product management experience important for this role"?

Product management experience is important for this role because it demonstrates the ability to understand customer needs, develop successful products, and drive business growth through strategic decision-making.


How can you become a project officer?

To become a project officer, you typically need a relevant degree in fields such as project management, business administration, or a related area. Gaining experience through internships or entry-level positions in project management can be beneficial. Additionally, obtaining certifications like PMP (Project Management Professional) or PRINCE2 can enhance your qualifications. Strong organizational, communication, and leadership skills are also essential for success in this role.


Which statements correctly describe the project management institue PMI and its role in the project management profession?

The Project Management Institute (PMI) is a global nonprofit organization that advances the project management profession through standards development, certification, education, and networking opportunities. PMI is best known for its widely recognized Project Management Professional (PMP) certification, which validates a project manager's skills and knowledge. Additionally, PMI publishes the PMBOK® Guide, a foundational resource outlining best practices and processes in project management. Through its resources and community, PMI fosters professional growth and promotes the importance of project management across various industries.


What is the Role of management in modern business?

Hai


Why is project management a sound strategy in today's business?

An individual tasked with managing any project and is given the authority to deal with issues of noncompliance can ensure momentum of that project. In the past an individual who with the best will in the world was told "ok, you get this sorted" frequently still had their own role to complete and therefore was not fully focused on the project. Added to this is that a project management person/team requires the clear support of its line management as during projects there is an issue of conflict for other departments and inter conflict between departments all of who still have their role to achieve.


What is commercial management?

Commercial management involves overseeing and optimizing the business aspects of a project or organization, focusing on maximizing profitability and ensuring efficient resource allocation. It includes activities such as contract negotiation, financial planning, risk management, and stakeholder engagement. The goal is to align the commercial strategy with the overall business objectives, ensuring that projects deliver value and meet financial targets. Effective commercial management plays a crucial role in driving sustainable growth and competitive advantage.


What key role does the PMBOK guide have in the project management profession?

It guides project managers by providing them with methods that are considered best practiceIt documents the project management principles of PMI