Flashcards in Project Management Deck (4):
What is a project?
Is a temporary undertaking intended to produce a unique service, product, or result.
What is the definition of operations management?
OM pertains to the ongoing production of goods and services and ensuring that a company's operations function efficiently by using the optimal resources necessary to meet the sales demand of its customers.
What is the definition of project management?
Project management consists of 5 major processes carried out by a project manager tasked with balancing the needs and expectations of various stakeholders agains the organization's constraints.