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What is a successful project in Project Management?

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Answer:

First of all it should satisfy all the repurpose of itself and requirements of client. A successful project should be one that meets its cost, schedule and quality goals within engineering tolerances and without padding its schedule or budget. Project Manager should balance between all objectives so that a high-quality product can be delivered according to an efficient schedule at moderate cost.
After finishing it should be easy to operate, maintain & expand.

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Described Project Planning?How will you gather requirements and where do you record. Is it in word / Excel or do you have any tool for that?