Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Project management fundamentals
Project management fundamentals
Project management fundamentals
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Project management fundamentals
Describe what happens in each of the five project management process groups (initiating, planning, executing, monitoring and controlling, and closing). Initiating a process is where the project begins. The tasks that are part of the initiation process are to identify and understand the project stakeholders, creating the project charter and holding a kick-off meeting. The project stakeholders are usually the project sponsor, the project team, the support staff and the internal customers. The project charter is a document that formally recognizes the existence of a project and provides a summary of the projects objectives and management. (Schwalbe, K, pg. 97) The planning process group is responsible for the success of the project. It keeps …show more content…
This is also where the teams should spend most of their efforts. During the executing process a deliverable is created. A deliverable is a product or service that is produced or provided as part of the project. (Schwalbe, K, pg. 77) Project managers can implement several process during this stage which include coordinating the planning and execution, developing the soft skills of the team, providing a supportive organizational culture, breaking the rules when needed, capitalizing on product, business and application area knowledge, and using the project tools and …show more content…
The team should spend most of its time on the executing process then planning.
Why? The executing process is where the real work of the project is done. However, planning is also an important key to the executing process. With correct and well thought out, planning the executing process will run smoothly and can finish on time or ahead of time. The executing process is where the real work of the project is done. It is where the process team creates the product, or service.
Why is it helpful to follow a project management methodology? Project management methodologies are all about specifying the best way to initiate, plan, and execute projects. ("Project Management Methodologies for Beginners - Workfront," n.d.) A project management methodology is tailored to the company on how things should be done. While a project manager can be successful in project management, every single company is distinct for everyone. Because of this organic nature of each company and project management methodology is useful, it looks to the needs of each team and adjusts to fitting the style needed and how each team should
For more than 25 years, The Little Black Book of Project Management has been introducing project managers to the incredibly effective and logical project management skill and methods to help them achieve their goal. This book has been flooded with very nee project management techniques as well as the latest standards of the Project management body of Knowledge (PMBOK) .accepted by PMI (Project Management Institute).
The project management is a skill to apply the functions correctly which measures the outcome of the project, the more the skill the nice the outcome will be. This comes through experience and having a proper knowledge of some of the functions like
Gray, Clifford F.; Larson, Erik W., Project Management – The Managerial Process, Copyright © 2001 by The McGraw-Hill Companies, Inc.
Moreover, all the roles and responsibilities of the project team need to be identified. Both the human and material resources need to be defined and who or what will fill them. All the stakeholders in the project will be part of the project charter development. The project charter is a sole, consolidated source of information about the project for the initiation and planning
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
Executing (Schwalbe, 2014): Executing a project is to complete the project by using the resources effectively and by following the plans determined in the planning stage. This stage contributes the actual work of the project. This stage includes the quality testing, developing the activities included and provides the results.
One way to provide clear description of a project is to prepare project charter. A Guide to the Project Management Body Of Knowledge (2008), “it is the process of developing a document that formally authorizes a project or a phase and initial requirements that satisfy the stake holder needs expectations” (pg.71). Preparing a project charter is the initial step for project manager to start any project. In Project charter we can describe different components of the projects. To start any project, preparing a project charter is the initial steps for project manager. Some of the essential components are described below.
One of the most common sets of activities in the management is planning (0). In an organization there are many kinds of planning that goes into daily operations and it ranges from highly complex to simple issues. Successful planning and implementation include the following; Set goals and objectives, how to achieve those goals and resources needed, assign task, and review finished task.
This process captures those activities which can be completed simultaneously and those that must be completed prior to beginning another phase, the “critical” activities (Grochels, 2012). Therefore this method gives the product manager knowledge of how long the project will take, which activities must be completed on time, how much it will cost to speed up the process and what the least costly way to finish the project faster would be (Baker, 2002). These benefits greatly increase the probability of a project being completed on time and on schedule, however they system does have
Create Assignments and Timelines. As the company selects projects, it must establish timelines for completing associated tasks and assign individuals to complete them. This portion of the management planning process should consider the abilities of staff members and the time necessary to genuinely complete assignments. Establish Evaluation Methods. A management planning process should include a strategy for evaluating the progress toward goal completion throughout an established time period.
It helps to complete the work systematically in a proper way, starting from setting goals and objectives of the project to implementing strategies for achieving goals. This may help for project managers to take appropriate decisions and adjustments in organization and also handle projects in effectively. So understanding effective project management techniques, methods, and styles helps to carryout large scale of projects. Apart from that project management make sure to prioritize projects that can take support for the firm’s mission and strategy. Fundamentals of Project Management are universal accepted and the methods that used help to develop new products create new services, organization new events. That means in current scenario, project management is a talent worthy of development.
During the planning process, outputs are created to illustrate how project tasks will be sequenced and allocated for effective TM. The PMBOK Guide describes nine processes under Project Time Management (Fig 2.) all of which (excluding no. 6) are relevant during the planning phase of the project life cycle.
Project management involves all activities that encompass scheduling, planning, and controlling projects. A successful project manager ensure that an organization’s resources are being used both efficiently and effectively. Most projects need to be uniquely developed require a sense of customization and the ability to adapt to any posed challenges. The scope of effective project management includes defining what the project is and what is being expected to be accomplished. Projects are imposed to fulfill a certain need and project managers must have the ability to create the proper definition. Goals and the means used to attain those goals have to be clearly stated. Project Managers must also have the ability to plan
Project planning falls in the Planning Process Group which consists of those processes to establish the projects total scope, define the projects objectives, and courses of action to achieve those objectives. During the planning process, all the documents that are needed to carry the project through the project lifecycle will be developed such as the project management plan. Project management requires repeated feedback loops as additional information becomes available and is better understood. The planning process delineates the strategy, tactics, and path to successfully complete the project. With that, the planning of a project must walk through all the those processes from executing, monitoring and controlling through the closing process.
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.