Project Management requires the organization of three things: (1), (2) and (3). Project managers are concerned with how to get a particular job done. The jobs, or projects, coordinated by project managers have set activities that are required to meet stated (4). The first documented Project Management techniques were in the early 1900s with the development of the (5) chart method. The principles of Project Management were refined further in the 1950s with the development of the (6) Path Method (CPM) and the Program (7) and (8) Technique (PERT).

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education