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Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time. A
project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or staffing ...
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Project Cost Management (PCM) is a method that uses technology to measure
cost and productivity through the full life-cycle of enterprise level projects. [citation needed]PCM encompasses several specific functions of
project management including estimating, job controls, field data collection,
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Cost is one of the key performance indicators for projects. Involved in controlling costs are processes centered around planning, estimating, budgeting, financing, funding and managing costs so that the
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Dawn To Twilight Author Profile James P. Lewis, Ph.D., is the founder of The Lewis Institute, Inc., a training and consulting company specializing in
project management, and an adjunct professor at the University of Management and Technology.Over the past two decades, Dr. Lewis has trained more than 30,000 supervisors and managers in the United States, Europe, Asia, and throughout the world.
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