Question

Need answer on urgent base Understand project management concepts and principles.

1. Discuss key project management theories, concepts and models.
(300 words)
2. Differentiate between the stages of the theories and models?

Answer 1

Project management theories, concepts, and models help in planning, executing, and controlling projects effectively. They involve different approaches and stages depending on the methodology used.

Step-by-step explanation:

Project management theories, concepts, and models provide a framework for understanding and managing projects effectively. They help project managers to plan, execute, and control projects by providing guiding principles and methodologies.

Key project management theories include the Waterfall Model, Agile Methodology, and Critical Path Method. These theories provide different approaches to project management and have their strengths and weaknesses.

The stages of project management theories and models differ based on their specific methodologies, but generally, they involve defining project goals, planning and scheduling tasks, executing the project, and monitoring and controlling the project's progress. The stages may vary in duration and complexity depending on the theory or model used.