Standard Notes: Definitions & Explanations PDF | Download eBooks

Study Standard lecture notes PDF with project management definitions and explanation to study “What is Standard?”. Study standard explanation with project management terms to review project management course for online MBA programs.

Standard Notes:

A standard is defined as a level for achievement. It is a generally accepted measure or norm and is used for comparisons. A standard for project management is basically a process or a set of processes that are considered to be the best for all types of projects. Project management standard is developed on the basis of balance, openness and consensus and establishes the relation between the project management and objectives, strategies and policies of the organization. The processes involved in the project management standard are grouped together according to their uses in the project life cycle. These groups are called process groups. Five process groups are included in the project management standard. These are initiating process group, planning process group, execution process group, monitoring and control process group, and closing process group.

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