6. What are the principles of agile methods? 27. What are the Components of a Strong Value Proposition?

Role and Responsibilities of a Project Manager

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  #1 Planning everything from execution to delivery.
  
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  #2 Directing the team to achieve a common goal.
  
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  #3 Delegating work effectively.
  
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  #4 Managing the resource of time.
  
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  #5 Managing
  
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  #6 Monitoring progress
  
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  Plan and Develop the Project Idea. Every project starts as an idea. ...
  
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  Create and Lead Your Dream Team. ...
  
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  Monitor Project Progress and Set Deadlines. ...
  
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  Solve Issues
  
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  Manage the Money. ...
  
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  Ensure Stakeholder Satisfaction. ...
  
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  Evaluate Project Performance.
  

A project manager's primary responsibility is organization. If a project is assigned a manager, it generally involves multiple elements that must fall into place. Even if multiple departments in a business share responsibility in completing a project, the project's manager is responsible for ensuring each department plan functions properly and syncs with the others to complete the project punctually. Thus, project managers must keep each task on track and visualize the project as a whole to ensure it comes together properly. Staying on budget and meeting every deadline are two equally important project manager responsibilities.

Skills of a Project Manager

Project managers must have extensive organizational skills and be able to function on strict deadlines. Many wear multiple hats and are responsible for various tasks at once. Under such circumstances, it is also critical for project managers to have extensive time-management skills. A keen attention to detail is another essential skill, as projects often entail intricate plans that cannot fall into place without each component being right. At the same time, a project manager must also be able to visualize the whole project to ensure all parts properly come together. Project managers should also be creative because projects often fall off track and meet obstacles. Creativity allows a project manager to outline a new course of action to overcome challenges. Leadership skills also help when enforcing new plans. Project managers must be able to communicate effectively, build trust, and lead multiple teams using project outlines as their guides.

38.What should a VRIO analysis include?
To conduct a resource-based analysis of a business, Jay Barney proposed a structured approach based on analysing whether a resource is Valuable, Rare and Imitable, and whether the Organisation is taking advantage of the resource.

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