Answer:
Top management commitment and the development of standards are essential for successful project management. Without the support of top management, it can be difficult to secure the necessary resources, funding, and personnel needed to complete a project on time and within budget. Additionally, top management commitment sets the tone for the rest of the organization, indicating that the project is a priority and that everyone should work together to ensure its success.
The development of standards is also critical to successful project management. Standards provide a framework for how a project should be executed, including guidelines for project planning, execution, monitoring, and control. By following established standards, teams can ensure that they are using best practices and that they are working towards common goals. Standards also provide a basis for evaluating project performance and for making improvements in future projects.
In summary, top management commitment and the development of standards are both essential for successful project management. These factors help to ensure that projects are completed on time, within budget, and to the satisfaction of stakeholders.