The project management life cycle is a collection of generally sequential project phases. The determination of the number of project phases is based on the control requirements of the project organization.
The risk management plan depends on the risk attitude of an organization and stakeholders, which refers to the extent to which the project manager and stakeholders are willing to take risks.
The final stage of the project management lifecycle is project termination. At the end of a project, the team reviews the deliverables, compares and tests their quality against the project’s objectives, and then shares the deliverables with the project’s client.
Project audit can be defined as the process of detailed inspection of the management of a project, its methodology, its techniques, its procedures, its documents, its properties, its budgets, its expenses and its level of completion.
Socio cultural environmental factors exhibit variation from country to country and even within the same country, differing from region to region. A thorough understanding of the socio cultural environment in which a business seeks to operate or enter is therefore important for its survival and growth.
The term ‘financial derivative’ encompasses a variety of financial instruments, including stocks, bonds, treasury bills, interest rates, foreign currencies, and other hybrid securities.