A project is a set of activities with a defined start point and a defined end state, which pursues a defined goal and uses a defined set of resources. The question that must always be asked before a project is started is, "How is the project going to be planned and controlled?" For a project to be successful, there are 5 stages that need to be implemented. You have been appointed as the project manager for a project at you workplace to reduce downtime and you need to demonstrate your understanding of project planning and controlling by describing the 5 stages in detail and explain how you would implement it at your workplace.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A project is a set of activities with a defined start point and a defined end state, which pursues
a defined goal and uses a defined set of resources. The question that must always be asked
before a project is started is, "“How is the project going to be planned and controlled?" For a
project to be successful, there are 5 stages that need to be implemented.
You have been appointed as the project manager for a project at you workplace to reduce
downtime and you need to demonstrate your understanding of project planning and controlling
by describing the 5 stages in detail and explain how you would implement it at your workplace.
Transcribed Image Text:A project is a set of activities with a defined start point and a defined end state, which pursues a defined goal and uses a defined set of resources. The question that must always be asked before a project is started is, "“How is the project going to be planned and controlled?" For a project to be successful, there are 5 stages that need to be implemented. You have been appointed as the project manager for a project at you workplace to reduce downtime and you need to demonstrate your understanding of project planning and controlling by describing the 5 stages in detail and explain how you would implement it at your workplace.
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