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An essay on project life cycle
An essay on project life cycle
Eight key factors to ensuring project success
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The CHAOS Manifesto 2012 is a compilation of view on global project statistics specifically concentrated on the United States and Europe. The report is based on four Standish Services: the CHAOS knowledge center, DARTS (Demand Assessment Requirements Tracking Survey), Executive Sponsor Workshops and Executive Interviews. Although the manifesto concentrates on statistics primarily whereas, the 2012 report talks about the various success factors of an executive sponsor as leadership plays a crucial role in deciding the success or failure of a project. The CHAOS knowledge center collects monthly survey which include 20-25 survey question, the DARTS is an online research instrument. The report is also based on 18 years of CHAOS research on projects, the profile on over 80,000 completed projects and over 500 workshops conducted by the Standish groups CHAOS University. Apart from these it includes data from various project “group therapy” sessions and executive retreats which are based on project management. The report begins by giving the latest statistics on project success and failures. The report says that success of a report depends on few factors like if the project was finished on time, if it was on budget and finally if the customer got all his requirements. Any project which fails to meet the above conditions is defined as challenged .The report also talks about when a project is considered a failure i.e. when a project is failed to deliver or delivered and never used. The success percentage shows that there has been a 37% success rate, 47% of the projects were challenged and that 215 were deemed as failures. Now, the report has also illustrated the project success-failure rates of the previous years and we can see that th... ... middle of paper ... ...y it. The report talks about the importance of an executive sponsor who can lead a team, now what we need to take from this is know how important a factor is software engineering is and how every element associated with it plays a crucial role in determining the outcome of a project. For example, as mentioned earlier in the report “Understand the project life cycle”, this is a crucial part of the project as one wrong assumption with the execution of project can lead to the project over shooting its budget, time or worse can lead to its failure. Considering the relevance the report has to our course I think the document is a very big asset to both the industry and students in understanding what is going wrong and how can we fix it. This report comes very close to accomplishing that. Works Cited http://versionone.com/assets/img/files/CHAOSManifesto2012.pdf
The two role that shared responsibilities are the project executive sponsor and the project leader. In the sponsor role, the stages initiating, planning, executing, and closing are performed or overseen by the project as well. They share responsibilities in numerous ways. The sponsor is ultimately accountable for the success or failure of the project. The sponsor has to ensure the project is focused on achieving its business objectives and delivering the forecast benefits. They also have to ensure that the project gives value for money and adopts a cost effective approach which balances the demands of the business, users, and suppliers. This role includes securing budgets and ensuring appropriate financial controls are in place. Appointing the project manager and its team including members of the project board. They also advocate the project both eternally and internally. Sponsors also support the project manager to successfully deliver the project and they sign off on project deliverables. (Kilmoski,
Project planning in teams is an integral constituent of team dynamics. When a team has been already formed it is time for it to start working on a project in order to reach the goals of the team or company in a whole. It is necessary to keep in mind two peculiarities about team projects. The first peculiarity is that all projects no matter what their goals are need to be carefully planned and structured before the implementation. And the second peculiarity is that the given projects will be performed not by an individual but a group of individuals, which may result in a certain conflict of interests or other problems, which may be encountered while working with a group of people.
Kerzner, H. (2013). Project Management: A Systems Approach to Planning, Scheduling and Controlling. Hoboken, NJ: Wiley.
Being the present manager and being appointed by the government at the feasibility stage I am asked to write a report in order to outline the activities required to successfully manage this major project and to ensure that it is completed on time and within budget.
Many crimes take place over the years in the Megalopolis, while bystanders do nothing to help in these emergencies. A murder takes half an hour to commit while 38 witnesses do nothing to assist but stare off, in the distance, as if they are in complete shock. In a Megalopolis, it makes our lives difficult, and leads to the alienation of individuals from groups. Darley and Latanè’s “Why People Don’t Help in a Crisis” is effective because of their strong use of examples, experiments, and lessons learned.
Joseph Phillips’ article “Project Management Definition and Solutions” published on cio.com explains the basic principles of IT project management and why IT projects fail. All temporary ventures taken to create unique services or products, also known as projects, travel in the five phases that make up the project management lifecycle. These phases are: (1) initiating, (2) planning, (3) executing. (4) monitoring and closing, and (5) closing (Phillips, 2014).
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
Kezner, H. Project Management: A Systems Approach to Planning, Scheduling, and Controlling. 6th. New York: John Wiley and Sons, Inc, 1998. Print.
In every project there are always some universal characteristics that will be shared. They all have a comprehensible and established purpose and very distinct life durations. Overall, all projects are doing something that may possibly be new or yet a one time endeavor but have explicit requirements which include; time, price, and performan...
Risk management is among the most important practices in the field of project management. A successful project completion and risk management often go side by side. An interesting aspect of project management is that a project can sti...
Project management is a discipline based on careful planning, organization, motivation and control of resources to achieve specific goals and meet specific success criteria. Since every project is unique in nature, a project manager must learn to adapt and identify key areas to drive success. Thus, as a learning initiative, we were given a project to manage through a simulation program named Sim4Project. The emphasis of this simulation was on learning-by-doing, just like in a real-life project. Sim4Project provided a good mix of theoretical knowledge as well as hands-on experience. Professor Leonie gave feedbacks at the end of each period to ensure we were incorporating the project management principles learned in the classroom.
Chaos can beat chaos … this should be the mantra for today’s organizations. But what is really meant by chaos? Is it complete madness to allow people whatever they want to do without particular objective in an organization or can there be any hidden underlying pattern in the making an organization ‘chaotic’? We’ll try to find answers of these questions and in this process we’ll try to reinforce our idea of how chaos can be a part of organization’s strategy to survive and beat uncertainties of harsh reality.
It is important to have the whole team involved and every team member should about the status of the project and identify there responsibility towards the project success.
When planning a new project, how the project will be managed is one of the most important factors. The importance of a managers will determine the success of the project. The success of the project will be determined by how well it is managed. Project management is referred to as the discipline that entails the processes of carefully planning, organizing, controlling, and motivating the organization resources so as to foster and facilitate the achievement of specific established and desired goals and meet the specific criteria of success required in the organization (Larson, 2014). Over the course of this paper I will be discussing and analyzing the importance of project management.
Westerveld, E., The Project Excellence Model®: linking success criteria and critical success factors, International Journal of Project Management, Volume 21, Issue 6, August 2003, Pages 411-418. Science Direct [Accessed 10th February 2014]