Project Management

Projects are creation of consistent thought process necessitated by events of history. Being unique in nature there are certain characteristic features which are specific to this topic of business management. Success of a project depends upon the objectives of the project sponsor the project manager and team work. Hence OB is an important facet of management which is required to be understood. Projects are time specific and the value added where time is so important that a delayed project becomes an unsuccessful project. Distinctiveness of the project brings in risks of various magnitudes which also require consideration. It is self evident that projects are undertaken as contract of various magnitudes which increases the importance of the subject of project management. With the success of globalization global projects have increased its influence in business world which increase the necessity of understanding the subject project management.