A project plan project charter and or project scope may be put in writing outlining the work to be performed during this phase a team should prioritize the project calculate a budget and schedule and determine what resources are needed. This specialization is a precursor to the applied project management certificate project management has been proven to be the most effective method of delivering products within cost schedule and resource constraints. Project management is one of the most critical components of a successful business it affects revenues and liabilities and it ultimately interacts with customer or client satisfaction and retention
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