Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Poor risk management is one of the most common projects management challenges
Poor risk management is one of the most common projects management challenges
Poor risk management is one of the most common projects management challenges
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Memo Date: May 15th, 2014 To: Professor Karen Rainford From: Nancy Lema, Project Manager at NVL Consultant Purpose The purpose of this proposal is to request authorization to investigate the problem of scope creep within your organization, a common issue that arises within companies conducting projects. The goal of the research is to identify the risks scope creep poses and how it affects the outcome of projects. Project Overview In any given project, a very common reason for projects failure is the poor scope management and control. Scope creep is the current leading cause of project failure globally according to the 2010 Global Survey; top 10 obstacles to project success. Scope creep usually comes about when features are changed or added to a project, and this could prove detrimental to a project in terms of budget increment or project failure. The following proposal outlines the problem of scope creep, a summary of my initial research, the research tasks, and an estimate schedule if this research proposal is approved. Problem discussion GGM Group Inc is a software company that deals with design and implementation projects. Over the last five years, the company has experienced a decrease in revenue due to the lack of contracts from vendors. The reason for this freeze resulted from the company’s inability to take on more projects and meet up with promised deliverables as scheduled. It appears the company was spending more than the required time on projects because of scope creep. Scope creep refers to scope change which happens slowly and unofficially, without changing due dates or otherwise making adjustments to the budget while conducting projects. These conditions though not specified within the original scope needs ... ... middle of paper ... ...esearch methods for handling scope creep After conducting extensive research and speaking with the senior project manager, I will be able to narrow my research and determine the best ways to handle scope creep during a project. This will be done by completely a second round of research, specifically gathering details about ways to prevent scope creep. Task 5: Submit progress report for this problem investigation I will submit a progress report for this investigation paper. It will provide you with the progress information for my research and the analysis based on my research. I will use feedback from this to finalize my research paper. Task 6: Analysis the findings and complete the research paper The completed paper will provide the research finding in regards to scope creep and suggestions for effectively managing them in order to have a successful project.
Winch, G.M. (2013): 'Escalation in Major Projects: Lessons from the Channel Fixed Link', International Journal of Project Management, 31: 724-34
In response to the question set, I will go into detail of the study, consisting of the background, main hypotheses, as well the aims, procedure and results gathered from the study; explaining the four research methods chosen to investigate, furthering into the three methods actually tested.
This process is aimed at ensuring the project being pursued has a potential of delivering by adhering to the allocated time, sticking to the budget and very important, meeting customers specifications (Mott McDonald, 2002). It involves assessing the projects at critical stages (also referred to as gates) in its lifecycle and thus assuring it can advance to the next stage successfully. This function is performed by an independent experienced team, after which they assure the Senior Responsible Owners that the project can progress successfully (National Academies US & National Research US, 2004). There are six critical stages (gateways) in the lifecycle of a project that the independent gateway review team will evaluate and thus provide th...
A natural termination of a project happens when the project’s goals are met. An unnatural termination can happen anytime during a project, regardless of the project meeting its set goals. The unnatural termination of a project can happen because of a breakdown in client/vendor relationships, a change in customer needs or due to lack of sufficient funds for the project. Highly successful projects can be termi...
Note: Reprinted from " Project Management Institute”, A guide to the project management body of knowledge, Copyright 2013 by Project Management Institute, Inc. Reprinted without permission.
Project Management Critical Success Factors defining project success poses another challenge in understanding project management and accordingly assessing its performance. It is generally accepted however, that the success of a project can be well-defined through the convergence of, the ability of the process to meet the technical goals of the project while not deviating from the three constraints of scope, time and cost; the usefulness of the project as perceived by project team, sponsors and beneficiaries; and the performance of the project (Kerzner, 1992, 2001, 2003). Hence, project success or failure can only be effectively measured at the completion of the
The projects in today’s world are given a lot of importance and it will continue to grow in the coming years. There are a lot of companies which do not have production, but all of them do have projects. There are a lot of books which have been published on which related to planning and managing the projects. The one of the most important one was published by the author Eli Goldratt in his book ‘Critical chain’. This book basically talks and shows how the application of theory of constraints in the field of project management. The novel is basically based on one of the MBA classes in America where a number of ideas are developed in discussions among the students and the lecturers. The lecturer is basically fighting for a tenure with the president of the university who expects a downturn in the executive MBA. The lecturer who teaches project management has a word with one the senior colleagues and project management was the right topic to teach. There were three students who were placed in the project management team of their company which manufactures electronic products. The students are enrolled in this MBA class along with other students, here they discover a new approach to project management which is known as the
Scope management- A project scope features initiation, planning and definition activities among other. Normally, a scope is subjected to change. Thus, the manager is responsible of controlling the project scope for successful project completion.
Scope: The first document a project manager will put together with his team members is the sco...
Often, the goals and visions of the projects are not clearly discussed. The project management team doesn’t understand the needs of the organization.
Today, Project Management specialist in every organization and it is a growing field used increasingly by businesses of all sizes. Simply Project management is all about organizing, planning, managing and executing projects with specific goals and objectives. It’s a broad term and the main purpose is minimizing failures of projects. Many business related projects involve large scale of planning that affect every department of a business. And it’s dealing with human resources, budgetary and supply constraints. The most important facts that effecting to project management is Scope, Time and budget. In Scope, deciding what is going to plan and how to organize to accomplish organization goals
The most significant feature of an investigative study is the precision and simplicity of the investigative problem. For a brief assertion, it definitely has a great deal of influence on the study. The statement of the problem is the central position of the study. The problem statement should affirm what will be studied, whether the study will be completed by means of experimental or non-experimental analysis, and what the reason and function of the results will bring. As an element of the opening, profound problem declarations satisfies the query of why the study should to be performed. The reason of this essay is to discuss the features of an investigative problem; in addition, the essay will center on what constitutes a researchable problem; the components of a well formed Statement of Research Problem; and, what constitutes a reasonable theoretical framework for the need of a study.
The project scope statement identified in the initiation phase, serves as the main input when estimating the time and duration for a project. Concerning TM it is important to allocate appropriate time to the projects scope, project duration so that cost overruns can be avoided together with penalty clauses and reputation damage.
I will produce a report of the findings including the details of my Methodology, findings and URLs of websites used in the bibliography.
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.