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Role of project management in achieving project success
The role of project management in achieving project success
Concepts and key terms of project management
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The term project management was initially developed during the 1950s and 1960s. Today, the term can be defined as, “the application of the knowledge, skills, tools, and techniques necessary to successfully complete a project” (Boyer, Verma). Project management can be divided up into five main categories; initiation, planning, execution, control, and closure. The person who is in charge of the project is referred to as the project manager. There are also many different techniques and tools that project managers use to perform their job. Even though there is a lot of time and research that goes into project, not all projects are successful. Project management is divided up into five main categories; initiation, planning, execution, control, and closure. The first stage is initiation, during this stage, the problem or the opportunity is identified. Next the solution is identified and a project team is created. This stage includes setting the project scope, timeline, budget, and selecting a project manager. The project manager is the one who is ultimately in charge and responsible for the success of the project. The next stage is project planning. Project planning contains numerous different documents such …show more content…
When projects fail they usually result in a large financial hit for the company. According to Building Competitive Advantage Through Project Management, “the role of project management to competitive advantage is inherent in the number of projects completed on time, on budget, and within scope while meeting the project objectives.” Organizations that are able to complete project on time, on budget, and within their scope are the ones who have a competitive advantage over their competitors. Using project management techniques often leads to an overall higher customer satisfaction because the organization is able to compete projects and focus on their
Project Management is a concept of making the project successful through knowledge, processes, methods and experience. Every project is unique since it needs the same mythology of the methods but the circumstances are always different. The success rate of a project can be derived from the output it produces, outcomes or benefits, according to a criteria within agreed budget and timescale.
Abstract: Title: Choosing a Career as a Project Manager. This research will summarize what a Project Manager is, and the steps explained, to complete a project, if the career that is chosen is to be a successful Project Manager. The research touches on the many qualities, and skills a person needs to learn, and possess to become a Project Manager. This report will not cover the total execution of the project.
Projects are widely used by many organizations and government institutions in the course of conducting their business. One of the reasons for this is because they have been proven to be effective in initiating change and translating strategic programs into daily activities. However, it has been established that most projects fail to deliver on time, budget, and customer specifications. In most cases, this failure is caused by over-optimism by the project management team. This over-optimism commonly referred to as optimism bias can simply be defined as overestimating the projects benefits and conversely underestimating its cost and duration time. Research have portrayed that this is often caused by failure to properly identify, understand, and manage effectively the risk associated with the project therefore putting its success at jeopardy(Mott McDonald, 2002). Fortunately, this biasness can be detected and minimized during the project gateway process.
Project management is known as the discipline of planning, organizing, motivating, and controlling resources to achieve specific goals. In the diagram to the left in the picture you can see that as a project manager you are the center of either a great accomplishment or a major failure. Some of the major factors to being a successful project manager would be a person that is a great manage several projects or responsibilities and scope issues on an every day basis. If you have a pr...
Project managers are leaders of small and large groups destined to complete a strategic project plan. Leadership characteristics described above can make or break a team. In all successful project fulfillments, it is the leadership of the project manager that determines the type of success for the project’s members. The most...
A project may be regarded as a sequence of tasks with a beginning and an end. It is delimited by time, resources and desired result as stated in Fox & Van Der Walt (2008, p.2). However, according to PMBOK Guide (2008), project management may be defined as the “application of knowledge, skills, tools and techniques to project activities to meet the project requirements”. According to Young, Brady & Nagle (2009, p.1) “A fruitful project is one that is accomplished within a defined budget and schedule ensuring that goals and objectives of the customer are met”. If project success can be defined in one sentence, then why do some projects fail? Projects fail for various reasons. In this essay, we will discuss both how Traditional Project Management and Agile Project Management Approaches contribute to the success of an IT project.
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
A project is a temporary endeavour undertaken to create a unique product or service. They are goal oriented, have a definite start and finish time, must be done within cost, schedule and quality parameters. Projects involve the coordinated undertaking of interrelated activities (Project Management: Achieving Competitive Advantage). According to Tom Peters, “Projects, rather than repetitive tasks, are now the basis for most value-added in business”. Based on this, it is clear that projects are of utmost importance to businesses in both the service and the manufacturing industries.
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.
Project management is said to be completed within time when it completed within the “triple constraints”: cost, time and quality. And in a lot of causes, one them is sacrificed so as to meet the other two. Project managers prioritize which ones are the most important.
The success of a project depends not only on the skills of the project manager, but also on organisational environment and attitudes (Graham & Englund, 2004). In order for any project to be successful must there be a strong alignment between the project and business outcomes (Graham et al., 2004).
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.
“Project management is the application of knowledge, skills, tools, and techniques to organisational and project activities to achieve the aims of an organisation through projects” (PMI, 2003).