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Subject: Project Management
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Why project management has become...
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Hi, can you answer this question in more detail?
Subject: Project Management
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Why project management has become such a popularbusiness tool in recent years? Discuss with a company case asexample.
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To understand the vision and mission of the company there is formation of projects for short runIf we see the past decade the process of performing business has totally changed The era of liberalization and privatization has given new scope to the business for gaining competitive advantage innovation or expansion and diversification How Project Management helps the company It reduces the product life cycle importance to core area of business diversified workforce engaged in single project increase in new product and innovation Why it is important Planning for anything is the first step In project management the target is decided the time taken taken is decided and the method to achieve the target is also decided Therefore it helps monitoring the actual process with the decided standard project If everything is planned and pre decided that means there is no over utilization of resources the quality of the goods are maintained as per the standardsand also scope of
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