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Describe the importance of PM in various organizational cultures and in various strategies.Describe the typical phases and processes used in projects and explain the relationship between subject areas, process groups, and processes.Describe and evaluate important factors to project selection and prioritization, in terms of organizational capability and resource capacity and availability.Evaluate and assess the importance of ethics and professionalism throughout a projects life cycle; include factors that influence moral conduct.You are required to cite any paraphrases, quotations, or support for your opinions/assertions; providing appropriate references on the references page.Format your paper according to APA guidelines.
Answer
Project ManagementOverviewProject management encompasses all fundamentals of managing a project during its life cycle. Project management involves different activities and individuals that ensure that the deliverables are met (Hyttinen, 2017). Below is the analysis of diverse components and features of project management.Importance of Project ManagementProject management is critical to various organizational cultures. The practice is helpful to cultures such as empowered culture, the culture of innovation, culture of leadership excellence, culture of safety, sales culture, and customer-centric culture. Project management is critical in managing change (Freland & Halvorsen, 2018). This feature is particularly crucial to organizations with a culture of leadership excellence. Change is an...
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