Many students do not understand or realize how important project management would be helpful to them and their careers. It is for this reason that many students do not study project management. The absence of the knowledge on how imperative venture administration is making a lot of understudies needs all the benefits and the advantages that come with project management. Project management plays a prominent role in almost each and every careers study and partially all organizations, (Weske, 366). The knowledge of Project Management can be applied everywhere. But many people have not realized this; they instead despise it and do not consider it when choosing their careers. There are several advantages that Project Management has on Business Administration …show more content…
Due to the wide range of areas that the two cover, such students are considered as a priority since they are well equipped. Many organizations and employers would prefer them since they are able to handle several positions in the organizations and thus they are considered as an asset to the organizations, (Hesselbarth & Stefan, 28). The knowledge in Project Management helps the students to be able to be good project managers and hence even if they get a job in the business administration, they are able to be considered in the project management. Additionally, when one is looking for a job, possibilities are that they would not lack a change as either project managers or in the business administration. This is the key advantage of studying project management.
Many institutions are putting Project Management into very high consideration due to the very high commercially-driven market demand, (Myers, 45). It is hence that they exhort an understudy to be studying Project Management apart from their majors. Since they have learnt how major project management is, they are trying to explain to the students who do not understand
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
Project managers must possess the ability to use sound judgment based on the facts available to them, past experiences, and knowledge of current events to make effective decisions. Often, the success of project managers is based upon the outcomes of the decisions they did or did not make. As such, conducting performance assessments, during project implementation and after project completion, enables project managers and project stakeholders to accurately evaluate the success of the project. Projects are innately complex and multifaceted; therefore, project successes are difficult to measure and ascertain. “Based on an extensive review of the project success literature … a clear definition of project success does not exist and there is a need to develop meaningful and measurable constructs of project success” (Mir & Pinnington, 2014, p. 203).
Thirdly, the Project Management Institute provide you a lot of different courses, in different ways, so you can learn what is the mo...
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
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).
Project management is a discipline based on careful planning, organization, motivation and control of resources to achieve specific goals and meet specific success criteria. Since every project is unique in nature, a project manager must learn to adapt and identify key areas to drive success. Thus, as a learning initiative, we were given a project to manage through a simulation program named Sim4Project. The emphasis of this simulation was on learning-by-doing, just like in a real-life project. Sim4Project provided a good mix of theoretical knowledge as well as hands-on experience. Professor Leonie gave feedbacks at the end of each period to ensure we were incorporating the project management principles learned in the classroom.
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.
In the globalized economy, Successful project managers are in much demand across many industries. Organizations strongly need experienced project managers to lead their staff to accomplish their business goals and deliver successful projects. In an increasingly complex environment, project managers need to turn into many roles and have all kinds of responsibilities at each level of management within an organization. Good project managers are not born. They need to be trained. They develop their skills through study, practise and experience. They become better project managers after they finish a successful project each time. They learn new techniques and apply them on their projects. They learn their lessons from failed projects and then improve to be better project managers in the future.
You’d think it would be simple to perform a simple project to accomplish a simple goal. Despite what you might have heard, you’re right. In a perfect world, every single project would finish up two weeks ahead of schedule, with absolutely no snags along the way. In a perfect world, every project would finish safely under-budget, allowing the team to go out to a fancy steak restaurant to celebrate. And in a perfect world, the customer would always happily skip off singing the praises of the team that made it happen.
This ranges from the provision of services such as event planning to the production of goods in the manufacturing, real estate development and the extractive industries. Until recently, project management was not taught in schools in Ghana. Rather, technocrats who were thrust into managing projects had to learn from their experiences or through working with project management professionals. With the growing shift towards projects, project management is now being taught in universities as well as by several institutions. The proliferation of announcements of “PMP” i.e. Project Management Professional courses in newspapers, suggests that a demand has been created. This augurs well for ensuring that projects are managed by professionals. However, there is a lack of empirical evidence to show that the acquisition of technical knowledge and project management skills by non-professionals who may be in the very senior management positions have been created as a direct result of the proliferation of institutions offering Project Management
Project managers have to improve their skills every day to deal with the organizational change and especially the world’s Megatrends. However, it can be a challenge for a project manager to comprehend what skills they should be improved, what sections of project management knowledge that should be tried to perceive, and how to measure and enhance their performance.
To help me with my career goal of working in a project management position, I have already taken steps to boost my project management skills through self-study. I regularly read books on the subject of project management, and also like to read about the development of important projects in the news. During the course of working in project management roles in the past I attended short workshops and training courses to help me in my role. At present I am also studying towards the examination to obtain the Project Management Institute’s Project Management Professional
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
The importance of project management cannot be overstated. For starters it is important that project management provides a flexibility and structure. Project management creates flexible and well-structured business organizations by combining two organization needs perfectly. The organizational needs are determined by making the organization adaptable due to constant changes in the business, secondly organization is extremely important for creating structure. What is most important is that
“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).