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Project management involves planning, organizing, and managing resources to successfully complete project goals and objectives on time and within budget. A project has defined start and end dates, while processes are ongoing. The primary challenge is meeting goals while honoring constraints like scope, time, and cost. Cost overruns occur when a project costs more than budgeted due to factors like imperfect forecasting. Critical path method (CPM) and program evaluation and review technique (PERT) are tools t

Author

Ravi Nair

Language

EN