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An updated version of
a paper first published
in PM World Today, February 2008
©Randall L. Englund.
Published here June 2008.
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The Project Management Institute's Work
The Project Management Institute "PMI" (www.pmi.org) has codified a disciplined body of knowledge, the basis of which is illustrated in Figure 1.
Figure 1: Project management illustrated as a mind map
According to PMI, a project is defined as a temporary endeavor to deliver a unique product or service. It can be characterized by:
- A unique desired result
- A one-time process with specific time limits
- An activity-based budget
- Competition with other projects/activities for resources
- Uncertainty about results and costs
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Introduction
