It prepares managers for senior positions in project-based organisations. It also helps technical managers improve their project management skills and gain a broader functional and strategic perspective on general management. You decide how to achieve benefits using multi-skilled project teams and flexible management practices.
A project is a temporary and one-time endeavor undertaken to create a unique product or service. This property of being a temporary and a one-time undertaking contrasts with processes, or operations electronic cigarette refill liquid 0 mg nicotine, which are permanent or semi-permanent ongoing functional work to create the same product or service over-and-over again. The management of these two systems is often very different and requires varying technical skills and philosophy, hence requiring the development of project management.
Project management includes developing a project plan, which includes defining project goals and objectives, specifying tasks or how goals will be achieved, what resources are need, and associating budgets and timelines for completion.