The Modern Techniques of Commerce with Matters Connected to Projects

^Authors: Asare Bediako¹ Adams, Lewis Billy Bonsu² & Dr. David Ackah³

Regional Prog. Coordinator¹, Director², President³, Institute of Project Management Professionals (IPMP)^1&3 Graduate Entrepreneurship & Business Incubation Centre²

email: adams.asare@ipmp-edu.org¹ createcon@yahoo.com²  & drackah@ipmp.edu.gh³

INTRODUCTION

A project involves a large number of interrelated activities (or task) that must be completed on or before a specified time limit, in a specified sequence (or order) with specified quality and minimum cost of using resources such as personnel, money, materials, facilities and/or space. Example of projects include, construction of bridge, highway, power plant, repair and maintenance of an oil refinery or an air plane; design, development and marketing of a new product, research and development work, etc (Asare, 2017). A project can be defined as an activity with a specific goal occupying a specific period of time (Wild, 2002). Project management has been around a long time. Methods and tools have come and gone. However, the issues presented here go back many years. They remain as a constant reminder that project management issues involve management and people — often more than they involve the technology and systems. More specifically, the issues presented here are some of the vital issues related to projects and that if not handled well will prevent the progress of the project.

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