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Project Management

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Project Management
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Define a project. What are the characteristics which help differentiate projects from other functions carried out in the daily operations of the organization?

What is the role of the Project Manager?

3. Why is the implementation of projects important to strategic planning and the project manager?

Strategic plans are implemented primarily through projects—e.g., a new product, a new information system, a new plant for a new product. The project manager is the key person responsible for completing the project on time, on budget, and within specifications so the project 's customer is satisfied. If the project is not linked to the strategic plan of the organization, resources devoted to the project are wasted and a customer need is not met. This lack of connectivity occurs more in practice than most would believe.

What is meant by an integrative approach to project management? Why is this approach important in today 's environment?

An integrative approach to project management is one in which all the parts are interrelated. This approach is important because it can give an organization a competitive edge in today 's environment. An integrative approach includes two parts. First, projects must have a strong link to the organization 's strategic plan, which is directed toward meeting the customer 's needs. A project priority system reinforces this linkage by prioritizing projects according to their contribution to the strategic plan and allocates resources by the priorities set. Second, an integrative approach provides an integrated system for the actual implementation of the projects. This includes an information system which supports decision making and a social/cultural environment which creates a positive, active contribution from team members responsible for completing the project.

Describe the importance of accurate requirements definition in setting up a project?

The portfolio of projects is typically

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