Appendix A Answers to Exercises and Case Studies
EXERCISE 1-1: PROJECT MANAGEMENT IN TODAY’S WORLD
Project management is a sound strategy in today’s business world because it allows a proactive way to manage the schedule, budget, and scope of projects. In today’s world, speed, cost, and quality are increasingly important.
You can benefit in many ways from using more project management principles. Your list may include specific principles or techniques you would like to begin using. All these can help you complete projects on schedule, within budget, and in full accordance with project specifications.
Problems you may encounter in managing the projects include:
• Unrealistic completion dates or budgets.
• Project plans that omit important activities. ...
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