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Completed on time, within budget and to the standards required by the organisation

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Q: When a project is considered a success in context of project management?
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Why do we need project management and how does it contribute to the success of a project?

Project management is essential because it helps organize and oversee tasks, resources, and timelines to ensure a project is completed efficiently and effectively. It contributes to the success of a project by providing structure, clear communication, risk management, and the ability to adapt to changes, ultimately leading to the achievement of project goals within budget and schedule.


What do the experts mean by project management?

Project Management refers to the communication between a team and business stakeholders to improve the qualitly of the work and also increase the chances of success on the project.


What are the key differences between business management and project management, and how do these differences impact the overall success of a project?

Business management involves overseeing the overall operations and strategy of a company, while project management focuses on planning and executing specific projects within a set timeframe and budget. The key differences lie in their scope and focus: business management is more long-term and strategic, while project management is more short-term and tactical. These differences impact the success of a project by ensuring that resources are allocated efficiently, goals are met on time, and risks are managed effectively. Effective coordination between business and project management is crucial for achieving overall project success.


What are the key differences between project leadership and project management, and how do they impact the success of a project?

Project leadership involves inspiring and motivating team members to achieve project goals, while project management focuses on planning, organizing, and controlling project activities. Effective project leadership can drive team performance and foster collaboration, leading to successful project outcomes. On the other hand, strong project management ensures that tasks are completed on time and within budget, contributing to project success by maintaining efficiency and accountability. Both leadership and management are essential for project success, as they complement each other in guiding the team towards achieving project objectives.


What are the key differences between risk management and quality management, and how do these differences impact overall project success?

Risk management involves identifying, assessing, and mitigating potential risks that could impact a project's success, while quality management focuses on ensuring that project deliverables meet established standards. The key difference is that risk management deals with uncertainties and potential negative outcomes, while quality management focuses on meeting specific criteria for excellence. Effective risk management can help prevent project failures, while quality management ensures that project outcomes meet expectations and requirements, ultimately leading to overall project success.