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This lecture covers the systematic approach to project management, including steering committees, project managers, and the scope of project activities. It also delves into the 'process' and 'system' approaches, diagnostic tools, and project classification methods. The instructor presents examples of projects with high technological breakthroughs, such as the Swissmetro and Avea airship, discussing their challenges and market analysis. The lecture emphasizes the importance of clear objectives, shared information, and resource availability in project success. Tools for planning, monitoring, and control are explored, along with methodologies for risk assessment and control. The session concludes with economic analysis examples and considerations for project profitability.