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Chapter 1 (Introduction) A project is a temporary endeavor undertaken to create a unique product, service, or result. Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. Project management is accomplished through the appropriate application and integration of the project management processes identified for the project Project Initiation Context: Organizational leaders initiate projects in response to factors acting upon their organizations. There are four fundamental categories for these factors, which illustrate the context of a project Meet regulatory, legal, or social requirements; Implement or change business or technological strategies Satisfy stakeholder requests or needs; Create, improve, or fix products, processes, or services. Program is defined as a group of related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not avai...