Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Strengths and weaknesses of project planning
Importance of planning
Strengths and weaknesses of project planning
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Strengths and weaknesses of project planning
An essential factor in successfully completing a project is effectively planning the endeavor. Project initiation provides the structure and crucial components in which the project will be executed. This is especially true when planning an international project. International projects require further planning, particularly during the initiation period of the undertaking, to ensure that all components are adequately defined to prevent confusion and misinterpretation. Proper project planning and initiation, along with development of a comprehensive project charter and scope, are critical in the development of an international project and contribute to the successful completion of the undertaking. Components of Project Planning and Initiation …show more content…
The business case is describes the endeavor by validating the company’s need in completing the project and justifying the endeavor by utilizing cost-benefit analysis (Project Management Institute, 2013). The explanation behind each project is a result of one or more following reasons: market demands, requirement of the organization, customer request, advancement of technology, legal or regulatory condition, ecological impact, or social need (Project Management Institute, 2013). The goal of any business utilizing project management principles is to accept projects that embody the organizational strategy and that standardized organizational practices can be altered to meet the needs of the client, while maintaining the high standards of the company (Project Management Institute, 2015). By clearly defining the explanation(s) of a project, the project manager can ensure that the project is aligned with the organization’s business strategy, and increase the successful completion of the …show more content…
The enterprise environmental factors are elements that can impact the project’s process are regulatory, governmental, and industry standards, the organization’s structure and culture, and the needs of the marketplace (Project Management Institute, 2013). A challenge for any international project is being able to define social spheres and cultural considerations. It is essential to define the regional culture and practices along with the social trends, meanings, practices, and communications of the area in which the project will be implemented (Ginsberg, 2016). Outlining social impacts should be outlined for the project will be completed and the effects on the project, stakeholders, organizational structure and culture, operations, and overall sustainability of the completed organization that will be created through the undertaking (Ginsberg, 2016). Without these considerations, the long-term success of the endeavor may be
The initiation phase of a project is not complete without a clearly defined goal and realistic, measurable objectives that describe the business benefits which are expected to be delivered upon completion of a project (Laureate Educatio...
The book contains the most effective methods of completing a project within its budget, schedule, and the resource constraints. It briefly explains all the stage process of every major project goes through. From creating the plan to monitoring and evaluation, there is a lot for project managers and supervisors to learn.
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.
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
Project Lead the Way (PLTW) was a valuable component of my high school curriculum. Project Lead the Way brought academic rigor and a practical hands-on approach that gave me a solid foundation for my Civil Engineering major at Rowan University.
Environmental – External environmental factors are forces or trends that can affect a business whether it is an opportunity, threat, or constraint. They can be divided into three interrelated subcategories of remote, industry, and operating environments. The remote environment includes factors beyond a company’s operating situation such as the economic, social, political, technological, and ecological factors. The industry environment includes factors that have more of a direct influence on a company’s business such as entry barriers, competitor rivalry, the availability of substitutes, and the bargaining power of buyers and suppliers.
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...
“Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind” a famous quote about our goal by Seneca. It is a metaphor about the achievement goal and objectives by good planning skills. One has to plan for what one wants to achieve and where one wants to go. One of the most important things is to have good planning, before taking any project the first think you should do is to create project plan. Planning can be defined as preparing a sequence of action to achieve specific goals and objectives. According to Kerzner (2009), “project planning is desirable that the project manager is involved from project conception through execution. It must be systematic, flexible to handle, closely disciplined through reviews and control and capable of accepting multi functional inputs (pg. 412)”. The importance of planning a project is to describe the work so that it will be easily identifiable to the project team member.
...ovartis Foundation for Sustainable Development (2013). Project Management Handbook A Working Tool for Project Managers. [ONLINE] Available at: http://www.novartisfoundation.org/platform/apps/Publication/getfmfile.asp?id=613&el=808&se=1800744&doc=44&dse=4. [Last Accessed 20 April 2014].
A project kick-off meeting is the effective possibility for a project manager to motivate his or her group. During this meeting, the project management can initiate the significance of collective objective and establish knowledge for each individual.
In 1916, education reformer John Dewey (1997) wrote, “education is not an affair of ‘telling’ and being told, but an active and constructive process” (p. 38). Project-based learning, then, is the embodiment of Dewey’s educational sagacity. Project-based learning is a dynamic, multi-faceted teaching method and learning approach in which students actively engage with a given topic or idea by means of questioning, research, hands-on activities, and real-world scenarios. Project-based learning casts aside the confines of the traditional lecture-based classroom, replacing an arguably outdated model of instruction with the promotion of higher-level thinking. Project-based learning not only engages students, but encourages learning in a contemporary context, as students meet challenges head-on, actively relate acquired knowledge to the world in which they live, and become responsible for their own learning.
The first and most crucial step is to create a solid plan. Plan should include the techniques, tools and data that are going to used in the project. The responsibilities of all the members should be distributed at this step. The utilization of resources and budgeting of the project should be done here. Management tools such as probability and Impact Matrix, FMEA are useful at this point.
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.
Social sustainability is “identifying and managing business impact, both positive and negative, on people.” The quality of a company’s relationships and engagement will directly or indirectly “affect what happens to employees, workers in the value chain, customers and local communities” (Wynhoven). This definition focuses on the importance of sustainable relationships. It focuses on the social aspect, which can be good helping to determine what social sustainability looks like. The UN definition makes it clear that it is important to manage the corporation’s impact proactively so that employees, customers, and local communities all benefit from a corporation’s presence. BMW is an excellent example of a corporation that focuses on social sustainability. BMW promotes exchange between refugees, local youth, and BMW employees through a neighborhood project called “Lifetalk” which aims “to give young people a better idea of possible career paths” (BMW). These actions come from the company’s beliefs and goals. BMW states that “taking social and environmental responsibility for everything we do is an integral part of how we perceive ourselves as a company. We are convinced that the lasting economic success of any enterprise these days is based increasingly on acting responsibly and ensuring social acceptance” (BMW). BMW believes that sustainability is an
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.