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Project management

Project management

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In accordance with the definition provided by the Project Management Institute (PMI), “a project is a temporary endeavor undertaken to create a unique product, service, or result.” Every project must create either a completely new or an evolved release of a product, service, or result. Every project must have a certain degree of uncertainty in the result, final quality, time, or cost. Otherwise, it is not a project. The project has a planned beginning and end, therefore, a definite life-cycle. It may be closed as a consequence of one of the following events: (1) the project's objectives have been achieved; (2) the project's budget (money and/or time) has been consumed, without reaching the objectives, and it is not possible or expedient to increase it; (3) the client requires to terminate the project; (4) the project's objectives can no longer be met; or (5) there is no longer any need for the project. The PMI has also defined project management as “the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.”

Chapter Contents:

  • 14.1 Introduction
  • 14.2 Initiating
  • 14.3 Planning
  • 14.3.1 Setting the goals
  • 14.3.2 Assigning the responsibilities
  • 14.3.3 Defining the scope
  • 14.3.4 Planning time and costs
  • 14.4 Executing
  • 14.5 Monitoring and controlling
  • 14.6 Closing

Inspec keywords: software management; project management

Other keywords: PMI; Project Management Institute; project budget

Subjects: Software management

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