Chapter 39: Summary - Project Management Framework

1. Project - Temporary endeavor undertaken to create a unique product, service, or result.
2. Progressive elaboration - Developing in steps and continuing by increments; it’s a characteristic of projects.
3. Project life cycle - Phases that connect the beginning of a project to its end; project life cycle phases are not the same as project management processes.
4. Level of uncertainty - This is highest, and risk of failure is greatest, at the start of a project.
5. Ability of stakeholders to influence project - This is highest at the start and gets progressively lower as the project continues.
6. Cost of changes and correcting errors - These increase as the project continues.

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