Day to day operations is repetitive ongoing work. Projects are different from operations, state any five (5) project attributes.There are four Project Life Cycle Phases. Discuss what project planning phase involves.

Answered: Projects are different from…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

Day to day operations is repetitive ongoing work. Projects are different from

operations, state any five (5) project attributes.
1. There are four Project Life Cycle Phases. Discuss what project planning phase involves.

Expert Solution

Step 1

There is a wide range of project sizes, and it is essential to distinguish between regular business activities and projects.

Company can tailor project management to fit their requirements. The ability to add custom fields in the project's name, billing method, and start date is a useful tool for tailoring project applications. All aspects of the project are detailed in the attributes. These factors play a role in conceptualising a project.