Product: Definition, Concept, Levels, Hierarchy, Product Lines

What is a Product? A product may be defined as a bundle of utilities consisting of various product features and accompanying services. The bundle of utilities or the physical and psychological satisfactions that the buyer receives is provided by the seller when he sells a particular product. A product is anything that can be offered … Read more

Project: Definition, 11 Characteristics, Features, Process

What is a Project? A project is an organized unit dedicated to the attainment of goals, and the successful completion of a development project on time, within budget, and in conformance with predetermined program specifications. A project is a unique one-time activity performed to accomplish certain objectives within a designated time frame. Projects can be … Read more

Project Management Life Cycle: Roles and Responsibilities, Stages, Problems, Challenges

Meaning of Project Management Project management ensures that a project is planned and managed right from start to finish so that it delivers the expected outcomes within the planned time, cost, and quality. Project management is not just about forming a group of people, giving them assignments and deadlines, and expecting them to deliver. If … Read more

Project Management: Approaches, Characteristics, Successful Tips, Principles, Importance, Benefits

What is Project Management? Project management is the art of directing and coordinating human and material resources throughout the project by using modern management techniques. The main purpose of project management is to achieve the predetermined objectives of scope, cost, time, quality, and the satisfaction of the participant. Project management includes developing and implementing a … Read more