Conventional project management is suitable for relatively stable environments and markets. <\/p>\n\n\n\n
In conventional project management, a project plan is worked through step by step. A work breakdown structure serves as the key guiding document. In this work breakdown structure, the project is divided into phases, work packages are defined and resources are allocated to these work packages. This results in cost and time specifications. The sequence and interdependencies of activities can be clearly visualized in a GANTT chart.<\/p>\n\n\n\n
In the implementation phase, this work breakdown structure is “worked through”. Project management focuses on correcting deviations from the plan. The plan must be fulfilled.<\/p>\n\n\n\n