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Inf410: Project Management

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Submitted By kingpate11
Words 1294
Pages 6
Antonio Pate
INF410: Project Management
Instructor: Ernesto Messavussu
04/20/2014

Project management is the discipline of organizing and managing resources in such a way that the project is completed within defined scope, quality, time and cost constraints. The project life cycle is one project management technique that enables the company to meet their strategic mission. The life cycle recognizes that projects have a limited life span and that there are predictable changes in level of effort and focus over the life of the project. Defining, planning, executing, and closing stages starts a project from beginning to the end depicting the timing of major tasks. Compression of the Product Life Cycle - Shorten life cycles; to get product and services to the market as quickly as possible.
Triple Bottom Line (planet, people, profit) - Efforts to reduce carbon imprint and utilize renewable resources are realized through effective project management. Corporate Downsizing - Downsizing (or rightsizing if you are still employed) and sticking to core competencies have become necessary for survival for many firms. Companies outsource significant segments of project work, and project managers have to manage not only their own people but also their counterparts in different organizations. Small Projects Represent Big Problems - Small projects typically carry the same or more risk as do large projects. Small projects are perceived as having little impact on the bottom line because they do not demand large amounts of scarce resources and/or money. I feel that project management is becoming more important in business today being that all businesses want to be successful. The project life cycle incorporates all the business aspects into a plan that can be executed.
I and my squad were tasked to set up the security perimeter around the fob while the rest of the company set up

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