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Well, could possibly be. All of that is important, similar to the other pm processes we know and appreciate. However, I propose that the crucial element that determines develop or otherwise of a task (or operational activity managed with pm skills) is undoubtedly your Frame of mind.
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Usually, someone has a "friend of a friend whose cousin's niece is into that party planning stuff". Here could be the question you'll want to ask - is essential a professional or just really passionate about making a social event the event of 2010?

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