efine project and explain the key activities involved with project management.
A project is a temporary venture to produce a new and unique deliverable. A deliverable could be a tangible product, a service or achievement of a required outcome. stakeholdermap.com
One of the best ways to differentiate a project from say operations or business as usual is to look for a clear start and end. A project's delivery dates may move, but the project will have a defined end either because the project produces the defined product or deliverable or because the project is agreed to be closed.
Conception
The first phase of the project-planning process is conception or initiation. During this phase, managers develop ideas for projects based on their organizational goals. For example, a small restaurant firm may want to increase sales by 20 percent in two years. Subsequently, top management usually meets and determines ways to accomplish that objective. They may decide to improve customer service, add some meals to their product mix and open five new restaurants in the company's three-state region. Small-business managers usually
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