Summary
Following are the key points that you should retain from this chapter.
A project is a temporary endeavor undertaken to produce a unique product, service or result.
A project is also a problem scheduled for solution.
Project management is application of knowledge, skills, tools and techniques to project activities to meet project requirements. Project management is accomplished by applying the processes of initiating, planning, executing, monitoring and controlling, and closing.
All projects are constrained by Performance, Time, Cost, and Scope requirements. Only three of these can have values assigned. The fourth must be determined by the project team.
Projects tend to fail because the team does not take time to ensure that they have developed ...
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