A project is a temporary venture which begins and ends within a predefined time. Each project has its unique objectives, project plan, timescale, commitments, and budget. People from different teams are brought together to a specific group exclusively made to accomplish a particular project. A project life cycle goes through stages like Initiating, Planning, Executing, Monitoring, and Closing.
Basically, Project Management is a combination of various professional skills that are applied to complete the projects to achieve organizational goals. The study of project management is based on areas like Time, Cost, Quality, Human resources, Integration, Scope, Procurement, Communications, Risk management, Stakeholder management.
Admission for this course is normally done through the candidates' performance in entrance exams. Institutes select students through state-level or national level entrance exams. Some universities conduct their own entrance exams and also some institutions provide admission directly through the merit list. After the academic and entrance exams performance, selected candidates are called for a round of personal interviews and in some institutions counseling.
Question: What are examples of project management?
Answer: Project management is the science and art of organizing all the components of a project. For example, the launching of a new service, a marketing campaign, or the development of a new product project. Stages of Project Management are:
Question: What are the risks present in Project management?
Answer: There are some risks present in managing a project. Few of them are:
- Performance, scope, quality, or technological risks
- Environment and safety risks
- Health risk
- Schedule risk
- Cost risk
- Loss of support