Which of the following statements is true? Project management is becoming a standard way of doing...

Which of the following statements is true?

Project management is becoming a standard way of doing business
Project management is replacing middle management as a way to get things done
Project management is used primarily with large projects
Both A and B are true
A, B and C are all true

Solutions

Expert Solution

Answer: The correct option is "e" - "A, B, and C are all true"

Explanation:

Project management is more than basically following cutoff times and setting a financial plan. A decent project administrator assumes responsibility for a project from start to finish, guaranteeing that the activities and objectives are deliberately adjusted, the project has partner backing, and everybody is on the same wavelength. Since projects are frequently mind-boggling and include various partners, having a project supervisor to lead the activity and keep everybody on the same wavelength is basic to project achievement. Indeed, PMI found that associations utilizing any kind of project management strategy are better at meeting financial plan, remaining on time and meeting degree, quality gauges, and anticipated advantages. As such, the reason for project management is to design and deal with a project to effectively finish its recorded objectives and expectations. It includes distinguishing and overseeing dangers, cautious asset management, brilliant planning, and clear correspondence over different groups and partners.

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