In choosing the appropriate project management structure, the best system balances the needs of the parent organization with the needs of the project.
The use of procedures, techniques, abilities, knowledge, and experience to accomplish particular project goals in accordance with predetermined guidelines is known as project management. Final deliverables in project management are subject to a limited amount of time and money.
In other words, the goal of project management is to effectively plan and oversee a project such that its stated objectives and deliverables are met. It entails assessing and controlling risks, prudent resource allocation, astute budgeting, and open communication between various teams and stakeholders.
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