What is project management and why it’s important?

  1. Understand what project risk is; the primary causes of project risk
    and four major approaches to risk identification. Recognize four
    primary risk mitigation strategies.
  2. Understand the various types of common project costs.
    Apply common forms of cost estimation for project work, including
    ballpark estimates and definitive estimates.
  3. Understand and apply key scheduling terminology.
  4. Recognize the variety of constraints that can affect a project,
    making scheduling and planning difficult.
  5. Recognize the seven steps in formal project closeout.
    Understand key reasons for early termination of projects.

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