Answered Essay: Name and briefly describe at least three basic concepts of systems.

Name and briefly describe at least three basic concepts of systems.

Expert Answer

Project – A project is an activity where a unique creations of goods or services are done systematically. The project is a special thing and thus it can’t be categorized under the general, normal and routine work. The management indulged in the project is called project management.

The project management works on basic concepts. Some of the basic concepts of project management are as per follows –

  • Project characteristics – The main characteristics of the project management is that – that it not a daily work which is done in day to day life. It is a very unique thing. A typical project have to be understood by Timeline, Resources​, Special tools & techniques used​ and the team as a whole team.
  • Product life cycle – The unique project management is divided in the four major stages namely – Initiation phase, project definition phase where we define the entire project, Feasibility study of the project, Project execution and project conclusion.
  • Project management activities – The project management activities is divided in three major things like – Planning the activities that defines the entire project’s planning, Scheduling the entire project’s planning activities and Controlling all the activities of the project management.
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