Project management is a "carefully planned and organized effort to accomplish a specific one-time effort" (Gray,2000). Project management includes developing a project plan, which includes "defining project goals and objectives, identifying tasks or how goals will be achieved" (Gray, 2000). It also identifies what resources are need, and associating budgets and timelines for completion. Project management also includes implementing the project plan, along with "careful controls to stay on the "critical path", to ensure the process …
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…T.C process and what it means to Fisher and how it can benefit their company was well. By sticking to the implemented plan, both companies will eliminate waste from production and inventory while acquiring a better understanding of each company's needs and goals while creating additional savings to the bottom line. References Gray, F., Clifford, & Larson, W., Erik. (2000). Project Management The Managerial Process: Systems Analysis and Design Methods. University of Phoenix Fifth Edition.