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Project Methodology

Projects contain four basic elements that must be managed simulatenously: resources, time, money, and most importantly, scope. All these elements are interrelated. Each must be managed effectively. All must be managed together if the project, and the project manager, is to be a success.

  • Resources: People, equipment, material
  • Time: Task durations, dependencies, critical path
  • Money: Costs, contingencies, profit
  • Scope: Project size, goals, requirements

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