Which of the following is a key component of project management?

The focus on objectives and results to achieve is indeed a key component of project management. Effective project management necessitates clear goals that guide all project activities. These objectives provide a framework for planning, executing, and evaluating the project's success. They ensure that all stakeholders have a shared understanding of what the project aims to accomplish, which is crucial for aligning efforts and measuring progress. Clearly defined objectives help in resource allocation, risk management, and progress tracking, ensuring that the project stays on course and meets its intended outcomes.

The other options do not effectively capture the essence of project management. Randomized processes lack structure and can hinder the project’s potential for success. Unplanned resource allocation can lead to inefficiencies and confusion, making it difficult to meet project goals. Purely tactical planning fails to incorporate the strategic vision required to achieve the desired results, limiting the overall effectiveness of the project management approach.