Download AKTU Project Management PYQs PDF - Guide - BOE070 (Latest 2025 Updated)

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Project Management is the structured approach of planning, executing, and controlling tasks to achieve specific goals within a given timeline and budget. This page provides you with clear notes, important concepts, and quick revision material for exams and practical understanding.

What is Project Management?

Project Management involves organizing people, resources, and processes to successfully complete a project. It ensures that work is delivered efficiently, within scope, and with quality standards.

Project Management helps in:
- Defining project goals
- Planning tasks and timelines
- Managing risks and resources
- Ensuring quality and productivity
- Completing deliverables within deadlines

Importance of Project Management

  • Improves team coordination and communication.
  • Reduces risks and project failures.
  • Ensures projects are completed on time.
  • Optimizes use of resources.
  • Enhances customer satisfaction and product quality.

Quick Revision Notes

Key Terminology

  • Project: A temporary task with a start and end, aimed at achieving a unique goal.
  • Scope: The boundaries of what is included in the project.
  • Milestone: A major checkpoint in the project timeline.
  • Risk: Any uncertain event that could impact the project.
  • Stakeholders: People involved or affected by the project.

Extra Definitions

  • Gantt Chart → A visual timeline of project activities.
  • Work Breakdown Structure (WBS) → Dividing a project into smaller tasks.
  • Deliverable → Any output produced during the project.
  • Critical Path → The sequence of tasks that determine project duration.
  • Change Control → Process of managing modifications in the project.

Concept Zone

Project Triangle: Scope, Time, Cost — changing one affects the others.
SMART Goals: Specific, Measurable, Achievable, Relevant, Time-bound.
Risk Management: Identify → Analyze → Mitigate → Monitor.

Real-World Applications

Project Management is used in IT, construction, marketing, manufacturing, and startup environments. It helps ensure smooth execution, proper budgeting, and timely delivery.

IT teams use Agile and Scrum to deliver software in sprints. Construction teams use traditional models for long-term planning. Marketing teams use PM tools to run campaigns efficiently.

Overall, project management improves workflow and ensures successful project outcomes.

Career Opportunities in Project Management

Students skilled in PM can work as Project Coordinators, Project Managers, Scrum Masters, Business Analysts, Operations Managers, and Product Managers.

Industries hiring PM professionals include IT, manufacturing, healthcare, finance, consulting, and construction.

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Short Questions (One-Line Q&A)

Define a project.
A temporary task aimed at achieving a specific objective.

What is scope?
The work and boundaries defined for the project.

What is risk in project management?
Any uncertain event that may affect project outcomes.

What is a milestone?
A key event or checkpoint in the project timeline.

What is WBS?
A technique to break down a project into manageable tasks.

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