Project Management Essay

1855 Words4 Pages
bulb-icon

Recommended: Project management fundamentals

Chapter-04 Project Management Chapter four is the first out of three chapters describing the theoretical framework of the master thesis. This chapter covers the project management theory and the general project steering model and its components. 4.1. Project and Project Management Definition A project is a task that is performed by a temporary organization in order to achieve a predetermined result. Projects are not limited in size or in persons involved but are always temporal and have a clear start and a clear end [59]. Projects can be used for different kinds of assignments, but most commonly they are used for realizing visions or business goals [60]. It is important to have a clear distinction between the project activities and the line organization activities to ensure that there is no confusion about who performs what [61]. Working in projects requires project management but it is often ignored [62]. However organizations that use project management experience better customer relationships, shorter development times, higher reliability and a clearer orientation towards goals [63]. For well functioning project management it is important to have a supporting function, generally called a Project Management Office (PMO). The PMO is responsible for developing and administrating project methodology. It should have a resource and competence centre where education as well as administrative support is offered. The PMO is also responsible for distributing the results and experiences from finished projects to the rest of the organization [64]. 4.2. Project Methodology A project methodology consists of processes, roles and templates and is usually formed as a project steering model. The aim of a project methodology is to provide a go... ... middle of paper ... ...tasks having long lead times may be authorized to start even though not all deliverables have been delivered, while some tasks have to wait for authorization and could end up never being authorized [83]. Stakeholders A stakeholder is someone who is affected by the project result and therefore has some kind of interest in the result. In small projects it is usually easy to identify all stakeholders, but in large projects they become harder to identify since large projects affect a greater number of stakeholders. Regardless of the number of stakeholders or who they are, it is important that all stakeholders are reached by correct information regarding the project [84]. Sponsor The sponsor is the person ordering the project and is also responsible for allocating resources to the project. The sponsor and the project receiver do not have to be the same person [85].

Show More
Related

  • Case Study: The Invitation's Possible Outcome?

    714 Words  | 2 Pages

    A stakeholder is anyone whether involved or not involved that is interested in an outcome to a situation (Editorial Board, 2015).

    Read More

  • Project Leadership Style Essay

    822 Words  | 2 Pages

    This study aims to find the relationship between leadership performance style and project success and to research that whether the project success is influenced by leadership style. According to Belout and Gauvreau (2004), “Nowadays, project management has become a key activity in most modern organizations. Projects usually have a wide variety of objectives, involve numerous internal and external actors, and are conducted in various activity sectors”. Many researchers have agreed that project leadership is one of the most crucial elements of a project’s success. There are many views on leadership and according to Dulewicz and Higgs (2005), leadership has been studied more than any other aspect of human behavior. Higgs (2003) identified six

    Read More

  • Project Management Essay

    986 Words  | 2 Pages

    Large and small businesses, governments, and schools strive to build the next new gadget, manage resources more efficiently, and teach or train in more creative ways. If they set out blindly on a task without proper oversight and thought about the process, then surely the result would be a dismal failure. Project management enables these entities, and various others, to carefully consider the many variables before, during, and after the project actually takes place. Project management refers to the careful planning, organization, and management through a single one-time activity. Projects are non-routine tasks that are set out to be accomplished for a specific amount of time (Trelles-Duckett & Lonergan , n.d.). Projects have an absolute

    Read More

  • Project Management Essay

    2049 Words  | 5 Pages

    My research paper will be about “project management”. I feel writing about this topic will help me get better educated on project management; after all it is another degree I want under my belt. A project manager is the person accountable for overseeing a project from its beginning to finishing. This includes preparation, implementation and administrating over the team, resources and scope of the project. Project managers must have the obedience to produce understandable and achievable objective and to see them through to successful finishing point. The project manager has complete accountability and power to complete the given project. Being a great project manager will require for you to be all over the place and you should have the mental capacity to sustain not only for yourself but also for the team you have put together and also for the project that you have agreed to complete. Since the course that I am taking is IT based; I will be doing my paper IT based, although there are several different types of project managers, I chose to just keep it simple and stick to what I’m learning. All project managers tie into one at the end of the day, they all have to the same types of responsibilities, so it will be like I’m touching on all of them at once.

    Read More

  • Stakeholder Analysis: The York Water Company

    415 Words  | 1 Pages

    Our textbook defines Stakeholders as “Individuals and organizations who are actively involved in the organization or whose interests may be positively or negatively affected as a result of what the organization does.” (Carpenter, Bauer & Erdogan, 2012, p. 191). One method of deciding who key stakeholders are, is Stakeholder Analysis or “A range of techniques or tools used to identify and understand the needs and expectations of major interests inside and outside the organization environment.” (Carpenter, Bauer, & Erdogan, 2012, p. 192). The first step in Stakeholder Analysis is identifying Stakeholders, and the first step in identifying stakeholders is to determine the influences on the mission, vision and strategy that an individual or organization may have.

    Read More

  • Stakeholder Analysis Process

    1116 Words  | 3 Pages

    Stakeholder is a person or a group of persons who is directly or indirectly involved in a project. The decision of the stakeholders can affect the project positively or negatively. So, the identification of stakeholder is very essential and crucial step.

    Read More

  • The Role Of Stakeholders In Surgical Robotic Robots

    1074 Words  | 3 Pages

    One of the major factors that effect any decision are the stakeholders. Stakeholders are defined as anyone who has interest or concern regarding the any aspect of the organization. Stakeholder can very between internal and external parties. According to definition, stakeholders can be just about anyone, but it depends solely on the type of organization

    Read More

  • Operations Management Metrics

    917 Words  | 2 Pages

    Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.

    Read More

  • Risk Management Project

    2138 Words  | 5 Pages

    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.

    Read More

  • Project Management Case Study

    821 Words  | 2 Pages

    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

    Read More

  • Case Study: Six Magma, The House Of Quality Matrix

    1107 Words  | 3 Pages

    Project management is a subset of operations management. Project management has a defined beginning and end, and is usually time-constrained (Satterlee, 2013). The stages of project management are the proposal, the initial investigation, a detailed investigation, development and testing, a trial, operation and closure, and the final step of evaluation. Project management and project scheduling are major issues for any organization facing rapid changes in its environment (Demeulemeesre, Kolisch, & Salo, 2012).

    Read More

  • FINANCIAL MANAGEMENT

    1058 Words  | 3 Pages

    Stakeholder analysis is important for successful implementation of projects and/or strategic activities within any organisation. It is used to analyse the stakeholders in order to understand them and classify them according to their power, influence and interest. Stakeholders are people who have an interest in a commercial entity including those within the organisation and outside. These include the boss, senior executives, customers, suppliers, government, your co-workers, the team and others. All these people are important in the implementation and success of strategy.

    Read More

  • Reflection Paper On Project Management

    1545 Words  | 4 Pages

    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

    Read More

  • What Is The Importance Of Project Management

    781 Words  | 2 Pages

    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.

    Read More

  • Improving Organisational Performance

    1879 Words  | 4 Pages

    “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).

    Read More

More about Project Management Essay

Open Document