Question

Hi, can you answer this question in more detail?

Subject: Project Management

2.

Why project management has become such a popular business tool in recent years? Discuss with a company case as example.

Answer 1

1. Project management includes developing a project plan, which involves defining and confirming the project goals and objectives, how they will be achieved, identifying tasks and quantifying the resources needed, and determining budgets and timelines for completion. It also includes managing the implementation of the project plan, along with operating regular 'controls' to ensure that there is accurate and objective information on 'performance' relative to the plan, and the mechanisms to implement recovery actions where necessary.