What is a project and what are its main characteristics? How is a project different from an operation? Explain the concept of "deliverables". List the five process groups into which the textbook divides the study of project phases and describe the goals associated with each process group. Mention and describe the constraints of a project. It defines the role of the project manager, the functions that he exercises and the skills that he must possess to exercise his role effectively. Define and explain the types of organizations or basic organizational structures that exist, according to the text. Explain how the type of organization influences the role and authority of the project manager when managing a project for the company. Discuss why an MBA student needs to obtain knowledge in the area of project management.