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This Concept Map, created with IHMC CmapTools, has information related to: Project Management-- Midterm, detailed project plan includes baseline plan, tasks require resources, lessons learned by seeing how others handled similar situations, what techniques were successful and which were not. guide companies to do things in the efficient and effective manner., baseline plan identifies schedule & budget, five phases in an IT project include Phase 4: Close Project, risks using scoring models, Total Cost of Ownership includes Direct or up-front costs Ongoing Costs Indirect costs, risks through Assesment, five phases in an IT project include Phase 3: Execute snd Control the Project, Project Management focuses on reducing costs and product cycle times and provides an important link between an organization’s strategy and the deployment of that strategy, Project Management applies Best Practices, Project Scope is the work to be completed to achive MOV, Base Case Alternative analyzes risks, Phase 3: Execute snd Control the Project carries out the project, Project Charter formally authorizes the project, five phases in an IT project include Phase 1: Conceptualize and Initialize, Methodologies has five phases in an IT project, Total Benefits of Ownership include all of the direct, ongoing, and indirect benefits associated with each proposed alternative, Project Management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements, Phase 1: Conceptualize and Initialize examines Total Cost of Ownership