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Fundamentals of Project Management


            
             Project management is needed for any businesses to organize work efficiently and gain profit in a way that minimize risk cost. The end result of project management is to solve the company's problem and make changes to improve former way of running business. According to Roberts (2007, 11), project management can be summed up as answering these questions:"Who needs to be involved in managing a project?, What must a project deliver?, When must it deliver?, How much must be invested?, Why is this project necessary?". Further it should be consider to ask how well did the project go? If you can make sure each of these questions has a thorough solution, the project plan will have a proper implementation.
             2.1 Definition of project management .
             First, we have the definition of a project is "a piece of planned work or an activity which is finished over a period of time and intended to achieve a particular aim" (Cambridge Advanced dictionary). So what is project management? "The PMBOK Guide definition of project management is "application of knowledge, skills, tools, and techniques to protect activities to meet the project requirements. (PMBOK Guide, Project Management Institute, 2008, 6). The work of project management is to accomplish a specific objective, for example, like running a pop-up restaurant for one day, this means it is done only one time.
             2.2 Project Management Basics.
             According to PMBOK Guide, project management should follow sequence processes listed below:.
             Initiating.
             Planning.
             Executing.
             Monitoring and controlling.
             Closing.
             In case an ugly situation occur, it may have to go all the way back to plan initiating.
             3 Processes.
             3.1 Project Initiation.
             The purpose of the initiating process is to determine the framework and scope of the project.┬áIf this stage is skipped, it is unlikely that the project will be successful in meeting the project requirements and customers' needs.


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