In 1969, five volunteers founded the Project Management Institute (PMI). Their aim was to set standards for project management, conduct research in improving the way projects are managed, and to ...

This represents a waterfall type of approach to project planning, where one phase flows into the other. It works well for certain industries such as construction and manufacturing, but it is less ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Suzanne is a content marketer, writer, and ...