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Topic 4. Process management - Coggle Diagram

- - - - Estimating the time involved in the development of a project is vital for your company.
        
        Probabilistic Estimation of Time and Cost Considerations
- - - - Also, it is known by the acronym BRP. The first concept of reengineering in change processes arose in 1993 with Michael Hammer who was a professor at MIT (Massachusetts Institute of Technology) of the computer science course.
- - - - Process improvement is a business procedure through which inefficiencies are sought in the processes of an organization to correct them or improve their performance. Its objective is to review them and carry out the corresponding adjustments to minimize or eliminate errors permanently.
- - - - Flexible: It has several and different formalities examples: food industry, automotive, medicines, etc.
- - - - Information technology (IT) is the process of creating, storing, transmitting, and perceiving information and the methods of applying those processes.
- - - - The elements of project management are present throughout all the phases or stages of management, therefore, they are important regardless of the type of project to be executed. Their objective is always the same: to define the probabilities of success or failure.