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3. Better Productivity. Project management is important because it ensures there’s a proper plan that outlines a clear focus and objectives to allow the team to execute on strategic goals.
Team building in organizations is a common approach to improving performance. Fun is an important component to team building, but the intent is to become productive, focused, and aligned. Purely recreational activities can be helpful, but must be timed and consider the capabilities of team members (e.g., sports are not for everyone).
Project close: Finalize all activities across all of the process groups to formally close the project or a project phase; Also included in this phase is the post implementation review. This is a vital phase of the project for the project team to learn from experiences and apply to future projects.
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The project team usually consists of a variety of members often working under the direction of a project manager or of a senior member of the organization. Projects that may not receive strong support initially often have the backing of a project champion. Individual team-members can either be involved on a part-time or full-time basis.
Project stakeholders – are those entities within or without an organization which sponsor a project or, have an interest or a gain upon a successful completion of a project. Project team – is the management team leading the project, and provide services to the project. Projects often bring together a variety number of problems.
Project team builder (PTB) is a project management simulation tool developed for training and teaching the concepts of project management and for improving project decision making. A number of published books and academic papers are based on the PTB and its predecessors.