What are some of the key environmental forces that have changed the way projects are managed? What has been the effect of these forces on the management of projects?

Q: How does the role of a Business Development Manager intersect with project roles during the initial…

A: The role of a Business Development Manager (BDM) and project roles intersect during the initial…

Q: There is a need for an organisation to manage its human, cost, and technological resources…

A: Managing the project environment is crucial for successful project execution. Let's delve into the…

Q: Explain how a business case relates to a technological project and why it's important.

A: A business case provides a reason to begin a business project. It estimates the risks, price, and…

Q: How can organizations assign value to the intangible benefits of socially relevant projects?

A: The intangible benefits of socially important programmes can be valued by organisations by:

Q: How do projects contribute to and align with the strategic plan within the framework of…

A: A strategic vision, efficient planning, and flawless execution are necessary for high-functioning…

Q: Why is it necessary and unavoidable to follow project quality management?

A: Plan management entails a number of stages that must be completed in order for a project to be…

Q: the HBR article and analyse your approach as a project manager to communicate the stakeholders…

A: Representatives who push into leadership during a crisis should be instructed in six practices to be…

Q: Who do the sales of products or services that take place on a completion of the project generate?

A: Selling of products or services should match with benefits with customer needs or desires. Selling…

Q: o what extent does SCM play a role in ensuring a project's success?

A: Supply chain management is the process of managing and optimizing the flow of goods, services, and…

Q: How can organisations use their information security plans as project strategies?

A: Today's organizations must contend with various security concerns, such as insider threats,…

Critical Path Method

The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay. 

Cost Analysis

The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services. 

Inventory Management

Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.

Project Management

Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.