Basic Concepts of Project Management | PDF | Project Management | Goal Quality management refers to the processes required to ensure that projects satisfy the needs for which they are undertaken. Core Concepts of Project Management pdf Download. Describe the nature of a project 2. PDF The Concept of 'Project': A Proposal for Unifying Definition Obviously, integration, coordination, and accountability assume greater importance. This chapter covers fundamentals of project management. When developing these metrics, Project Managers should remember to include both quantitative (benchmark specifications, experiments, and financial/cost metrics) and qualitative (subjective assessment) metrics. Its based on principles of collaboration, unobstructed discovery, and, most importantly, scientific progression. In the case of a nonprofit organization, the projects are executed either internally or externally and are conceived to serve its main purpose, which is a social cause and not profit. Strengthening team accountability The word is frequently used in textbooks and standards. If not addressed comprehensively and completely, risks can lead to failure of projects in terms of cost, scope, and project deliverables [11]. uses mathematical models to predict costs. There must be an arrowhead on each arrow to indicate its direction. Topic: Project Management Concepts Objectives 1. Also, organizations are required to train people at all levels. 2. The $11 billion Polaris project was undertaken by the U.S. government to deliver nuclear missiles carried by submarines, known as Fleet Ballistic Missile. You are probably familiar with a Normal Distribution (similar to the shape of a Bell and used in Six Sigma Quality Management). Chapter 1 Introduction to Project Management 1 1.1 Chapter Overview 1 1.2 Projects and the Business Environment 1 1.2.1 Key Project Management Concepts 2 1.2.2 Terminology 3 1.2.3 Characteristics of Projects 4 1.2.4 Projects in the Business Environment 5 1.2.5 Strategic and Tactical Projects 6 1.2.6 Projects and Programs 7 1.3 The Life Cycle 8 Also, required skills and expertise are always not available locally. Has 3 estimates per activity: Optimistic (O), Pessimistic (P), and Most likely (M), PERT calculates an estimated time using the following equation: ((P+4M+O)/6). Countless hours during the succeeding phases can be saved with proper planning. He is a highly acclaimed instructor of human factors and team dynamics at the University of California at Berkeley Extension. The network diagram shows the sequence of work elements required to reach project completion. The plan includes measures for monitoring progress and completion. In this approach, uncertainties and unknowns may still exist but they may not be challenging or disruptive to the project deliverable [13]. Scope. However, value is always associated with benefit. It provides a cornerstone of the scope management plan, which lays out how objectives and deliverables will be administered and how scope changes will be integrated into the project. In the absence of arrows, one can assume that the activities proceed from left to right. The project managers leadership skills play an important role in motivating and guiding the project team to grow as professionals while accomplishing project goals at the same time. A Beta Distribution has a different shape as shown in Figure 4. The preliminary scope statement formalizes between the project and its customer an agreement regarding quantifying project/product objectives and clarifying specific deliverables. project-management-lecture-notes-1.pdf - Course Hero On the positive side, PM facilitates effective and efficient use of resources. Leadership has its efforts directed towards convincing people about the need to change, aligning them to a new direction, and motivating people to work together to achieve project objectives under difficult and demanding work environments [12]. This paper discusses how to define the concept of a project. Describe the nature of a project 2. This research paper purports that if projects requirements are properly aligned with team members requirements, then this will result in a balanced decision approach. On the most general level, there are three possible Project success is measured against the overall project objectives whereas project management success is a measure of managing project within time, cost, and meeting the scope requirements [8]. The arrows cross each other frequently but when good practice is used these arrows will cross each other at right angles. This comprehensive resource brings together in one book new and current models in team motivation and integrates the most significant concepts in team motivation and behaviors into a single set of principles called Human Factors. The days of the true autocrat are behind us. Developing procedures: Standardising the work that has to be performed. Human factors are too often overlooked as the soft skills that are actually essential to develop and grow high-performance project teamsnot anymore according to the words of wisdom espoused by Dr. Zachary Wong. 4. The critical path is the longest path in the network diagram. We are a community of more than 103,000 authors and editors from 3,291 institutions spanning 160 countries, including Nobel Prize winners and some of the worlds most-cited researchers. (Whetten 1989). In taking a more formal approach to this process, the PMBOK defines risk management as consisting of (1) Plan risk management (2) Identify risks, (3) Perform qualitative risk analysis, (4) Perform quantitative risk analysis, (5) Plan risk responses, and (6) Control risks. Understanding management and stakeholder risk tolerances is critical: customers, sponsors and senior management are expected to have different perceptions of what constitute acceptable risks. PDF WV Department of Transportation 2.1.2. Risk is an exposure to a situation that is usually associated with unfavorable outcome [10]. Close the meeting properly. PM tools increasing in complexity and usefulness. pdf Download Core Concepts of Project Management - CivilNode However, it does not mean that project is of a short duration, which may vary from 10 days to 10years. Explain the Concept of Risk Management Framework. This is a process of progressively totaling the work package estimates to their higher levels of detail. It introduces project management concepts and provides a system view of project management plan and processes with which they are implemented. As a discipline it has evolved over the past 60 years under the umbrella of several standards organizations, such as the Project Management Institute and the International Project Management Association. Project Scope must include all the work required, and only the work required by the client [6]. Consequently, it requires continual involvement of several functions. Therefore, organization-wide resource allocation becomes necessary to succeed, which may not always be possible. Then, all of your initial activities are initiated from the start node and all of your hanging activities will be tied in to the end node. From the Inside Flap If people want to do what we need to have them do, their commitment is bound to be greater, and the job is likely to be accomplished much better than if they were being forced to do the work. Licensee IntechOpen. Managing project involves: establishing clear and achievable objectives, balancing the demands of time, cost, scope, and quality, adapting to expectations of all stakeholders. This method will create a project duration that is closer to reality than CPM or PERT. 21b Akin Olugbade St, Victoria Island 106104, Lagos, 2022 Infolearners Built by Godwin Chibuike. It refers to estimating based on one time estimate per activity. Non-conformance costs tend to be higher. In this learning module, we will focus on the first five of these processes, leaving (6) control risk to be covered later in the program. It uses the word, temporary, which sometimes implies negative connotation and low importance. Project scope also identifies the boundaries separating excluded activities or resources from those, which must be included for the project execution. Internalize the primary goals of a project. An example of RBS is provided below (Figure 2). Human Factors in Project Management also shows how to move a team forward, describes the best tools and techniques in facilitation, and includes illustrative stories from real people who have adopted the concepts of human factors and experienced breakthroughs in their lives. These processes should make certain that a project does not deviate from agreed-upon specifications. ISBN-10 : 0787996297 It must support overarching strategies of their parent company or its clients. The Different These projects are associated with uncertainties and change. This is easily accomplished in the AOA format, but it is an accepted practice that is frequently violated in AON networks. The project management system comprises organization structure, information processing and decision- So, identifying, analyzing, and responding are the essential elements of risk planning. #871 in Business Project Management (Books) Thus, working in teams, integrating, learning, and collaborating are essential characteristics of the project teams. UNITED KINGDOM, Operations Management - Emerging Trend in the Digital Era. Leadership Note that the initial stage of the network diagramming does not require time or cost estimates. Part II discusses two processes involved in the initial . We illustrate that the management of financial data warehouse projects has to deal with complex problems of knowledge transfer due to a gap of mutual understanding between project members from business and IT departments. Discuss the factors that constrain the achievement of a project objective 6. It is common that every business faces a situation that compels a change. Consequently, the scope of the project continually changes throughout the project. Project Management itself consists of methods, theories and techniques to manage the complexity of project work. However, you should remember that project success factors are different for different stakeholders. Knowing how to get the Concept Of Project Management book pdf is a really good thing, but if you know how to get access to Concept Of Project Management s and other ebooks, its even better. Once the network illustrating a logical flow of work elements in the project is developed, you can assign (or assume) resources to each activity and develop initial task time estimates. There is no established framework related to management of . Are you looking for the best and most useful e-books? These estimates are then aggregated across the network to calculate its critical path, and the slack times associated with each activity. ISBN-13 : 978-0787996291 To learn more, view ourPrivacy Policy. The most popular body of project management - Project management Concept Of Project Management PDF - INFOLEARNERS result: decision to pursue Tokyo airport expansion, unique: something or some aspect that is not repetitive. Break the project down into sub-units or steps 4. If anything is constant in a project, it is the change. It is the primarily the responsibility of the project manager to: communicate expectations and outcomes to all stakeholders, manage outcomes be developing performance measures. Read this one with your notepad at hand. Impacts of the Implementation of a Project Management. Some of the reasons for deploying project management practices are: increased competition due to free market philosophy, constraints of cost, time, and scope (quality). Sometimes, the original objective of the project may also change as the project progresses and we learn more about what is needed, what is possible, and what the costs are going to be. Specific metrics may applicable to particular industry sector such as cost per line of code, and square footage construction cost. Ray Ju, vice president programs, PMI Diversity SIG; leadership architect, Get IT LLC Proof of concept might sound like a prototype, but there are differences, and each has its own function. At this point, historical information and expert opinion are applied within the constraints and assumptions of the present project to create a body of requirements necessary for guiding project execution. The knowledge areas include scope, time, cost, quality, and risk. The purpose of the project planning phase is to: Determine project requirements An Introduction to Project Management The purpose of this briefing paper is to introduce key project management terms and concepts to provide a common language for discussion, including what is: A project Project management Project success A project manager A project management plan Hybrid Project Planning and Structure - Hybrid Project Management Operations Management - Emerging Trend in the Digital Era, Submitted: June 9th, 2020 Reviewed: August 27th, 2020 Published: November 7th, 2020, Edited by Antonella Petrillo, Fabio De Felice, Germano Lambert-Torres and Erik Bonaldi, Total Chapter Downloads on intechopen.com. The Author As a next step, you will develop first two or three levels of the WBS, which essentially contain deliverables. Projects typically employ a multidisciplinary approach, requiring subject matter experts from different functional areas. Motivating a diverse workforce 3. While there are projects in every industry, there may not be formal project management or project-related job titles used. The purpose of this is to help us follow the arrows without getting sidetracked onto another arrow. There has been a long debate in the management education community as to whether ''project management" is a practice or an academic discipline (Kwak and Anbari, 2009). All these changes will impact on the project scope and its management. Project Management - Definition and Important Concepts Nature and frequency of projects determine whether an organization requires an informal or formal project management practices. the archiving of project information and post-project review. week11.pdf - WIL PROJECT CASE STUDY ORIENTATION 11. When a project lacks complete understanding of the project deliverables or outcomes, or when a project is associated with fast-paced technological changes, or needs of the client are unclear, change-driven or Agile method is preferred. it has definite beginning and definite ending. Projects are means to accomplish strategic objectives and goals of organizations. About the Author The project management team must understand this broad-er contextmanaging the day-to-day activities of the project is necessary for suc-cess but not sufficient. AON or precedent diagramming was developed in the late 1960s specifically to do away with the dummy activity. When changes are significant in a project, which is often the case, leadership role assumes greater importance. However, the purpose of the knowledge area does not affect the general concept of the purposes. Would you be eager to check how to download it for free as well as other high quality documents that relate to the specific topic? Concepts Of Project Management PDF - INFOLEARNERS Other information may also be entered into the rectangular node, including early start, early finish, late start, late finish, duration, cost, etc. Project management methodologies recognize various tools and strategies to support project cost estimating. Sophia project management Practice Milestone 1-13 - 1 CONCEPT These changes are necessary to meet operational or strategic goals of an organization. When processes operate beyond predetermined limits, adjustments will have to be swiftly implemented to bring the operations back into conformance with project-defined quality standards. From the Back Cover 2. these four elements are (1) portfolio management: focused on selecting the right projects and programs to support the organization's strategy, and terminating ones that no longer contribute to. PMBOK defines project as a temporary endeavor to create a unique product, service, or result [4]. Brief introduction to this section that descibes Open Access especially from an IntechOpen perspective, Want to get in touch? It is reasonable to assume that in project management, it is not if the plans will change, it is when, what will change, and by how much. Empowerment makes sense on projects. Part I of the book focuses attention on the important human element in project management. You can download the syllabus in project management pdf form. Name the different classifications of project 5. This chapter will also discuss similarities and differences between the plan-driven and change-driven (Agile) project methods. The late 1960s specifically to do away with the dummy activity which are. Path, and, most importantly, scientific progression from those, which must be an arrowhead each! Construction cost discusses how to define the concept of the purposes will impact on the important human element project. 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Definition of a Project, Why Project Management, The Project Life Cycle. An introductory chapter discusses project features in general. Best Sellers Rank: #727,237 in Books (See Top 100 in Books) Carol J. Henry, vice president, Industry Performance Programs, American Chemistry Council Basic Concepts of Project Management | PDF | Project Management | Goal Quality management refers to the processes required to ensure that projects satisfy the needs for which they are undertaken. Core Concepts of Project Management pdf Download. Describe the nature of a project 2. PDF The Concept of 'Project': A Proposal for Unifying Definition Obviously, integration, coordination, and accountability assume greater importance. This chapter covers fundamentals of project management. When developing these metrics, Project Managers should remember to include both quantitative (benchmark specifications, experiments, and financial/cost metrics) and qualitative (subjective assessment) metrics. Its based on principles of collaboration, unobstructed discovery, and, most importantly, scientific progression. In the case of a nonprofit organization, the projects are executed either internally or externally and are conceived to serve its main purpose, which is a social cause and not profit. Strengthening team accountability The word is frequently used in textbooks and standards. If not addressed comprehensively and completely, risks can lead to failure of projects in terms of cost, scope, and project deliverables [11]. uses mathematical models to predict costs. There must be an arrowhead on each arrow to indicate its direction. Topic: Project Management Concepts Objectives 1. Also, organizations are required to train people at all levels. 2. The $11 billion Polaris project was undertaken by the U.S. government to deliver nuclear missiles carried by submarines, known as Fleet Ballistic Missile. You are probably familiar with a Normal Distribution (similar to the shape of a Bell and used in Six Sigma Quality Management). Chapter 1 Introduction to Project Management 1 1.1 Chapter Overview 1 1.2 Projects and the Business Environment 1 1.2.1 Key Project Management Concepts 2 1.2.2 Terminology 3 1.2.3 Characteristics of Projects 4 1.2.4 Projects in the Business Environment 5 1.2.5 Strategic and Tactical Projects 6 1.2.6 Projects and Programs 7 1.3 The Life Cycle 8 Also, required skills and expertise are always not available locally. Has 3 estimates per activity: Optimistic (O), Pessimistic (P), and Most likely (M), PERT calculates an estimated time using the following equation: ((P+4M+O)/6). Countless hours during the succeeding phases can be saved with proper planning. He is a highly acclaimed instructor of human factors and team dynamics at the University of California at Berkeley Extension. The network diagram shows the sequence of work elements required to reach project completion. The plan includes measures for monitoring progress and completion. In this approach, uncertainties and unknowns may still exist but they may not be challenging or disruptive to the project deliverable [13]. Scope. However, value is always associated with benefit. It provides a cornerstone of the scope management plan, which lays out how objectives and deliverables will be administered and how scope changes will be integrated into the project. In the absence of arrows, one can assume that the activities proceed from left to right. The project managers leadership skills play an important role in motivating and guiding the project team to grow as professionals while accomplishing project goals at the same time. A Beta Distribution has a different shape as shown in Figure 4. The preliminary scope statement formalizes between the project and its customer an agreement regarding quantifying project/product objectives and clarifying specific deliverables. project-management-lecture-notes-1.pdf - Course Hero On the positive side, PM facilitates effective and efficient use of resources. Leadership has its efforts directed towards convincing people about the need to change, aligning them to a new direction, and motivating people to work together to achieve project objectives under difficult and demanding work environments [12]. This paper discusses how to define the concept of a project. Describe the nature of a project 2. This research paper purports that if projects requirements are properly aligned with team members requirements, then this will result in a balanced decision approach. On the most general level, there are three possible Project success is measured against the overall project objectives whereas project management success is a measure of managing project within time, cost, and meeting the scope requirements [8]. The arrows cross each other frequently but when good practice is used these arrows will cross each other at right angles. This comprehensive resource brings together in one book new and current models in team motivation and integrates the most significant concepts in team motivation and behaviors into a single set of principles called Human Factors. The days of the true autocrat are behind us. Developing procedures: Standardising the work that has to be performed. Human factors are too often overlooked as the soft skills that are actually essential to develop and grow high-performance project teamsnot anymore according to the words of wisdom espoused by Dr. Zachary Wong. 4. The critical path is the longest path in the network diagram. We are a community of more than 103,000 authors and editors from 3,291 institutions spanning 160 countries, including Nobel Prize winners and some of the worlds most-cited researchers. (Whetten 1989). In taking a more formal approach to this process, the PMBOK defines risk management as consisting of (1) Plan risk management (2) Identify risks, (3) Perform qualitative risk analysis, (4) Perform quantitative risk analysis, (5) Plan risk responses, and (6) Control risks. Understanding management and stakeholder risk tolerances is critical: customers, sponsors and senior management are expected to have different perceptions of what constitute acceptable risks. PDF WV Department of Transportation 2.1.2. Risk is an exposure to a situation that is usually associated with unfavorable outcome [10]. Close the meeting properly. PM tools increasing in complexity and usefulness. pdf Download Core Concepts of Project Management - CivilNode However, it does not mean that project is of a short duration, which may vary from 10 days to 10years. Explain the Concept of Risk Management Framework. This is a process of progressively totaling the work package estimates to their higher levels of detail. It introduces project management concepts and provides a system view of project management plan and processes with which they are implemented. As a discipline it has evolved over the past 60 years under the umbrella of several standards organizations, such as the Project Management Institute and the International Project Management Association. Project Scope must include all the work required, and only the work required by the client [6]. Consequently, it requires continual involvement of several functions. Therefore, organization-wide resource allocation becomes necessary to succeed, which may not always be possible. Then, all of your initial activities are initiated from the start node and all of your hanging activities will be tied in to the end node. From the Inside Flap If people want to do what we need to have them do, their commitment is bound to be greater, and the job is likely to be accomplished much better than if they were being forced to do the work. Licensee IntechOpen. Managing project involves: establishing clear and achievable objectives, balancing the demands of time, cost, scope, and quality, adapting to expectations of all stakeholders. This method will create a project duration that is closer to reality than CPM or PERT. 21b Akin Olugbade St, Victoria Island 106104, Lagos, 2022 Infolearners Built by Godwin Chibuike. It refers to estimating based on one time estimate per activity. Non-conformance costs tend to be higher. In this learning module, we will focus on the first five of these processes, leaving (6) control risk to be covered later in the program. It uses the word, temporary, which sometimes implies negative connotation and low importance. Project scope also identifies the boundaries separating excluded activities or resources from those, which must be included for the project execution. Internalize the primary goals of a project. An example of RBS is provided below (Figure 2). Human Factors in Project Management also shows how to move a team forward, describes the best tools and techniques in facilitation, and includes illustrative stories from real people who have adopted the concepts of human factors and experienced breakthroughs in their lives. These processes should make certain that a project does not deviate from agreed-upon specifications. ISBN-10 : 0787996297 It must support overarching strategies of their parent company or its clients. The Different These projects are associated with uncertainties and change. This is easily accomplished in the AOA format, but it is an accepted practice that is frequently violated in AON networks. The project management system comprises organization structure, information processing and decision- So, identifying, analyzing, and responding are the essential elements of risk planning. #871 in Business Project Management (Books) Thus, working in teams, integrating, learning, and collaborating are essential characteristics of the project teams. UNITED KINGDOM, Operations Management - Emerging Trend in the Digital Era. Leadership Note that the initial stage of the network diagramming does not require time or cost estimates. Part II discusses two processes involved in the initial . We illustrate that the management of financial data warehouse projects has to deal with complex problems of knowledge transfer due to a gap of mutual understanding between project members from business and IT departments. Discuss the factors that constrain the achievement of a project objective 6. It is common that every business faces a situation that compels a change. Consequently, the scope of the project continually changes throughout the project. Project Management itself consists of methods, theories and techniques to manage the complexity of project work. However, you should remember that project success factors are different for different stakeholders. Knowing how to get the Concept Of Project Management book pdf is a really good thing, but if you know how to get access to Concept Of Project Management s and other ebooks, its even better. Once the network illustrating a logical flow of work elements in the project is developed, you can assign (or assume) resources to each activity and develop initial task time estimates. There is no established framework related to management of . Are you looking for the best and most useful e-books? These estimates are then aggregated across the network to calculate its critical path, and the slack times associated with each activity. ISBN-13 : 978-0787996291 To learn more, view ourPrivacy Policy. The most popular body of project management - Project management Concept Of Project Management PDF - INFOLEARNERS result: decision to pursue Tokyo airport expansion, unique: something or some aspect that is not repetitive. Break the project down into sub-units or steps 4. If anything is constant in a project, it is the change. It is the primarily the responsibility of the project manager to: communicate expectations and outcomes to all stakeholders, manage outcomes be developing performance measures. Read this one with your notepad at hand. Impacts of the Implementation of a Project Management. Some of the reasons for deploying project management practices are: increased competition due to free market philosophy, constraints of cost, time, and scope (quality). Sometimes, the original objective of the project may also change as the project progresses and we learn more about what is needed, what is possible, and what the costs are going to be. Specific metrics may applicable to particular industry sector such as cost per line of code, and square footage construction cost. Ray Ju, vice president programs, PMI Diversity SIG; leadership architect, Get IT LLC Proof of concept might sound like a prototype, but there are differences, and each has its own function. At this point, historical information and expert opinion are applied within the constraints and assumptions of the present project to create a body of requirements necessary for guiding project execution. The knowledge areas include scope, time, cost, quality, and risk. The purpose of the project planning phase is to: Determine project requirements An Introduction to Project Management The purpose of this briefing paper is to introduce key project management terms and concepts to provide a common language for discussion, including what is: A project Project management Project success A project manager A project management plan Hybrid Project Planning and Structure - Hybrid Project Management Operations Management - Emerging Trend in the Digital Era, Submitted: June 9th, 2020 Reviewed: August 27th, 2020 Published: November 7th, 2020, Edited by Antonella Petrillo, Fabio De Felice, Germano Lambert-Torres and Erik Bonaldi, Total Chapter Downloads on intechopen.com. The Author As a next step, you will develop first two or three levels of the WBS, which essentially contain deliverables. Projects typically employ a multidisciplinary approach, requiring subject matter experts from different functional areas. Motivating a diverse workforce 3. While there are projects in every industry, there may not be formal project management or project-related job titles used. The purpose of this is to help us follow the arrows without getting sidetracked onto another arrow. There has been a long debate in the management education community as to whether ''project management" is a practice or an academic discipline (Kwak and Anbari, 2009). All these changes will impact on the project scope and its management. Project Management - Definition and Important Concepts Nature and frequency of projects determine whether an organization requires an informal or formal project management practices. the archiving of project information and post-project review. week11.pdf - WIL PROJECT CASE STUDY ORIENTATION 11. When a project lacks complete understanding of the project deliverables or outcomes, or when a project is associated with fast-paced technological changes, or needs of the client are unclear, change-driven or Agile method is preferred. it has definite beginning and definite ending. Projects are means to accomplish strategic objectives and goals of organizations. About the Author The project management team must understand this broad-er contextmanaging the day-to-day activities of the project is necessary for suc-cess but not sufficient. AON or precedent diagramming was developed in the late 1960s specifically to do away with the dummy activity. When changes are significant in a project, which is often the case, leadership role assumes greater importance. However, the purpose of the knowledge area does not affect the general concept of the purposes. Would you be eager to check how to download it for free as well as other high quality documents that relate to the specific topic? Concepts Of Project Management PDF - INFOLEARNERS Other information may also be entered into the rectangular node, including early start, early finish, late start, late finish, duration, cost, etc. Project management methodologies recognize various tools and strategies to support project cost estimating. Sophia project management Practice Milestone 1-13 - 1 CONCEPT These changes are necessary to meet operational or strategic goals of an organization. When processes operate beyond predetermined limits, adjustments will have to be swiftly implemented to bring the operations back into conformance with project-defined quality standards. From the Back Cover 2. these four elements are (1) portfolio management: focused on selecting the right projects and programs to support the organization's strategy, and terminating ones that no longer contribute to. PMBOK defines project as a temporary endeavor to create a unique product, service, or result [4]. Brief introduction to this section that descibes Open Access especially from an IntechOpen perspective, Want to get in touch? It is reasonable to assume that in project management, it is not if the plans will change, it is when, what will change, and by how much. Empowerment makes sense on projects. Part I of the book focuses attention on the important human element in project management. You can download the syllabus in project management pdf form. Name the different classifications of project 5. This chapter will also discuss similarities and differences between the plan-driven and change-driven (Agile) project methods. The late 1960s specifically to do away with the dummy activity which are. Path, and, most importantly, scientific progression from those, which must be an arrowhead each! Construction cost discusses how to define the concept of the purposes will impact on the important human element project. 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