What Are the Five Major Project Management Fundamentals

question 25

Essay

What are the five major project management fundamentals?

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Definitions:

Bench Strength

The depth of competence and readiness of employees to fill new or vacated positions within an organization.

Demographic Changes

Alterations in the statistical characteristics of populations over time, such as age, race, gender, or income distribution, which can impact societal structures and organizational strategies.

HR Capacity

The capabilities and resources available within a human resources department to effectively manage an organization’s workforce.

COP

Community of Practice; a group of people who share a common interest in a subject or a profession and improve their knowledge and skills by interacting regularly.