a program, but principles of project management apply to most projects. • A key factor of successful project management is to see a project as a series of interrelated tasks – Most other courses focus on how to. perform. a single complex task, such as developing a use-case or designing a good human-computer interface. Tools and Techniques of Project Management Chapter 7. 2 Risk management During a project, financial control can be achieved by actual expenditure being tracked against each budget allocated for the different tasks assigned. Regular progress can be monitored using budget or time sheets, and control action taken if. project management techniques and then describes the fit between the project and product life cycle. The main body of the text then addresses the different methods and tools employed by the project manager to plan and control the work. The second book, Project Management Techniques, builds.