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Application of project management concepts
Application of project management concepts
Application of project management concepts
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2.1.3. Project Management Body of knowledge areas
2.1.4. The project lifecycle management
According to PMI (2013), the life cycle of a project is divided into five process groups:
1. Initiating: allows to define a new project or new phase of a project in progress, to obtain authorization for its execution and if accepted, to identify stakeholders.
2. Planning: allows developing the project scope, developing goals and defining the subsequent actions to achieve the objectives for which the project is undertaken.
3. Executing: brings together the work to be done according to the established project management plan, respecting the system and project specifications.
4. Monitoring & controlling: allows the monitoring, control and adjustments
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It goes on to describe the project team which manages the work of the projects, and the work typically involves competing demands for scope, time, cost, risk and quality, stakeholders with differing needs and expectations and identified requirements. Project management is seen to be the tool or method or technique to solve complex organizational problems. In a study by Cook R (2004), he concludes that the rate of success across three areas namely performance, presence indices and financial returns increases with the use of project management practices. The result of the survey he conducted in his study leads him to believe that the adoption of project management practices has a positive impact on project success.Project success is the satisfaction of stakeholder needs and is measuredby the success criteria as identified and agreed at the start of the …show more content…
Successful project management can therefore be defined as having achieved the project objectives within these constraints. Recently, project management success has also been defined as meeting the customer’s
There are many similarities and differences between domestic and global project management. A project manager must realize that what might work in their country may not work in a foreign environment. Project managers might find themselves using practices that have worked for them in the past, without even thinking of the new environment, and issues may arise. Project managers need to understand the differences in a different country's environment to avoid and reduce any obstacles that there may be. Some considerations global project managers must consider are the legal, political, security, geographical, economic infrastructure, and culture implications of working with different countries (Gray, 2006).
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 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...
Each of the five phases have different activities that dictate the actions taken within them. For instance, the project initiation phase is normally when teams will form, the project charter will start to be prepared, and the stakeholders and sponsors will be approached. The project planning phase is when the risks, issues, and budget are all defined as well as the completion of teams. There is also a necessary approval of anything else stated in the project at this point. The project execution phase is normally seen as the launch or testing phase.
In today's business it is in the best interest of companies to have project managers. Common sense isn't always easily accomplished. Anyone who's ever worked on a project in a technical setting knows this. Indeed, much of working with others consists of solving unexpected problems and learning from mistakes along the way. Knowing this and having the proper tools a project manager will be able to manage and complete the most intense project out there.
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
“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.
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.
Since first taking the quiz “How Good Are Your Project Management Skills?” until now, can you identify areas of growth or knowledge regarding project management specifically, or leadership in general? Do you find yourself giving more consideration to particular areas, principles, or practices (e.g. scheduling, scope management, communication styles, etc.)?
The topic of my group (group 4) was “How to totally float through your project for free” and the presentation was held by Roger Goodman who works for PMI NZ and Ernst & Young supply chain management with many years of working experience in many different countries such as Saudi Arabia and China.
“Planning: is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals” (Bateman & Snell, 2004, p. 16).
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
By not understanding what the controlling activities will include, the planning process is incomplete. In today’s environment, the relationship between project planning and project control are critical. When a project has an unforeseen event occur, it can be contributed to a planning failure. This is where control comes in to implement the corrective action. This unforeseen event is now a lesson learned and is considered in the planning of future projects. Therefore, project planning and effective project control is an iterative process as depicted below (PMBOK ,
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.
Westerveld, E., The Project Excellence Model®: linking success criteria and critical success factors, International Journal of Project Management, Volume 21, Issue 6, August 2003, Pages 411-418. Science Direct [Accessed 10th February 2014]