A project is a temporary activity undertaken to produce a unique product, service or result. This activity called project, has three clearly defined components to it, namely Time: A definitive start and end date. Cost: A definitive budget for the activity to take place. Scope: Magnitude of work including the deliverable and/or goals that has to be accomplished. On the other hand, project management is a practice of applying knowledge, skills, tools and techniques to the project activities to achieve the project requirements effectively and efficiently (Heagney, 2012; Project Management Institute , 2008). A project manager is one who practises this project management.The project management, while accomplishing the project, undergoes five phases, namely Initialising Planning Executing Monitoring and controlling Closing In this essay, these five phases of project are described first. Then, a specific project is considered with assumptions of the project manager’s and the team’s situations. With this scenario, the factors affecting the success of this project and, the role of the project manager in it, are analysed. This essay is not written as a conventional one, but with proper headings, because of the belief that, it would map the requirements of this essay properly. According to project management institute (2008), along with five phases of project, there are nine areas of project management knowledge, a project manager should be aware of. It is worthwhile to list them here, because every process in every phase of the project management belongs to one of these nine management areas. These are: Project Integration Management Project Scope Management Project Time Management Project Cost Management Project Quality Ma... ... middle of paper ... ...http://www.softed.co.nz/Resources/Docs/SuccessfulProjects.pdf. Heagney, J. (2012). Fundamentals of project management. New York: American Management Association. Mindtools.com. (2013). Why Do Projects Fail? - Project Management Training from MindTools.com. Retrieved from http://www.mindtools.com/pages/article/. Pathak, R. (2012). Top 5 Project Management Phases. Retrieved from http://project-management.com/top-5-project-management-phases/. Project Management Institute (2008). A guide to the project management body of knowledge (PMBOK guide). Newtown Square, Pa.: Project Management Institute. Teambox.com. 2013. Teambox - Features. Retrieved from http://teambox.com/platform/features/. Turner, R., Ledwith, A. and Kelly, J. 2012. Project management in small to medium-sized enterprises: tailoring the practices to the size of company. Management Decision, 50 (5).
The Project Management Institute (PMI) was formed in 1969 to provide a non-profit organization for project professionals. This global organization offers eight different endorsements to aid project management professionals in acquiring positions with higher wages and career prospects (Learn about PMI, n.d.). The Project Management Institute is the foremost authority in project management (PM) fundamentals and serves as the lead organization for project administration. With organizational groups that extend globally, this institution
The project manager leads the project and provides vision, direction and encouragement. The project manager takes lead in project planning to determine the schedule and budgets neces-sary to meet the project objectives and is responsible for delivering the project once the pro-ject has been approved by senior management. The project manager is also responsible for the project support team.
Graham, R. J. & Randall, L., Creating an Environment for Successful Projects: The Quests to Manage Project Management, second ed. San Francisco: Jossey-Bass, 65-113, 2003.
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...
In addition, it discusses the role of project management and strategic project management in the completion of the project. Furthermore, it highlights the lessons that could be learnt from the causes of the
Project Management Institute, 2008. A guide to Project Management Body of Knowledge (PMBOK Guide). 4th ed. Atlanta, United States of America: PMI book service center.
Jugdev, K. (2012). Learning from Lessons Learned: Project Management Research Program. American Journal of Economics and Business Administration , 4(1), 13-22.
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.
Project Management Institute . (2008). A Guide to the Project Management body Of Knowledge. Newton Square, PA: Project Management Institute, Inc.
PMBOK, (2013). A guide to the project management body of knowledge : (PMBOK guide). 5th ed. Newtown Square, PA: Project Management Institute, Inc..
A project is a unique set of activities followed to produce certain deliverables with in quality and cost constraints in a limited time frame. There are several concepts embellished in the framework of planned project management. Time, resources, budget, skills, management tools and risk management are all factors of major concern to the project manager. A project follows series of processes achieving milestones one after another to reach the target objective. Duncan Haughey ( 2015) explains that the key to successful planning is achieved not only by keeping the project under levels of constraints observed but the success lies in good planning :setting project deliverables , project goals, schedules, risk management , human
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
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).