CHAPTER 5

Administering Business Projects

Overview

Administering innovative business projects is often a complex problem. Hence, there is growing demand for new approaches among companies to support the performance of business projects and organizational structure. The project administration practices have spawned innovative processes from both manufacturers and project designers. Consequently, a multitude of new concepts and processes in administering innovative business projects have emerged in the 21st century. New products, technologies, and concepts are frequently implemented in the business projects with high-level organizational support. This chapter discusses the right perspectives of setting scope of the project and developing work breakdown ...

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