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Research proposal on Project risk Management
Research proposal on Project risk Management
Research proposal on Project risk Management
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Admn 230 Project Management Assignment # 1
Project management body of knowledge:
Problem solving skills: Problem solving skills is necessary skill for the project manager. For any project or even for small business while you are operating anything you have to encounter with some problems. How well a project manager handles these problems will separate him from others.
Continuous learning: In this modern era, the world is changing rapidly due to globalization and technological change. He has to be updated with latest technology, so how the project manager deals with these changes is really important aspect for him.
Integrity: Project manager is the one who is representing the organization, so project manager is the one who doesn’t try
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Project manager has to have the ability to make a good project scope because it will help the whole team for the rest of the time.
Time management: Project manager should have the ability to manage the time for the completion of the project effectively to reduce stress, anxiety and improve productivity
Project Costs: Cost management is another essential skill for the project manager. He has to estimate costs, determine budget and control cost through all the stages of project.
Team management: Team management is for developing a great team to make a really good project. Project manager should have a good person picking skills by assigning right work to right person.
Risk management: Project manager should have the ability to deal with these types of unknown risk by identify, analyse, planning and monitoring of risk.
Political Issues: there should be some political risk during every project so project manager have to examine political climate and conditions to reduce political issues.
Project Environment Knowledge- Change Management
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As a strategic thinker he can be ready for any worst situation and can adjust according to situation.
Influencing others: Project managers should always encourage his team members by giving rewards or some promotions to them. Influencing others is at the heart of project management.
Coaching: Project managers should have ability to train his team members to adapt the new changes.
General Management Knowledge and skills:
Financial Management: Financial management is related to the money. Money is an important factor for the projects. Project managers should know how to deal with the money so financial skills are really important for them.
Accounting: Accounting is another important field for the project management. Project managers should have some basic knowledge of the accounting so he can deal with the expenses and costs.
Marketing: Project managers should know about the proper marketing for their project and how to launch project in the market to make a path in a market by attracting all consumers.
Tactical Planning: Tactical planning is related to short term planning and also with the smart planning by improve productivity of
An efficient Project manager should be aware of the necessary critical skills, Should learn to communicate effectively with every level, manage the resources in the right way, put strict processes in place, delegate tasks accordingly, do adequate testing, keep realistic expectations, never assume and don’t be afraid of what might go wrong.
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.
When the chosen profession is a Project Manager, there are 5 different skills that are used in a Project Management role. They are leadership, communication, problem-solving, organizational, and team building skills. (http://www.anandnatrajan.com/FAQs/ray/PM/) Education will help hone these skills but having leadership qualities is important. The Project Manager is responsible for the project, the customer, and the team.
A project manager should also ensure customer satisfaction through surveys as well as by getting feed backs from the customers. The effective measures must be taken to improve the performance and hence to make the customers satisfied. A project manger should also have a focus on developing the team members through delegation without impacting the management by using different project management tools and resources.
The project manager is responsible for the overall success of the project. For instance, he / she must negotiate with the functional manager for the resources since they are always limited. In addition, they have to fight for the assigned resources whenever there are some changes of a project due to operational requirements. Furthermore, they have to take care the future of the personnel and should assign personnel to the project based on the resources acquired. Assigning staff towards a project team would be based on their experience and knowledge. Traditionally, the personnel who work on the project should report to the functional manager. It is not an easy task for the project manager to gain the cooperation and commitment of these personnel who are not directly reported to him or her. The project manager also required to negotiate regularly with senior managers regarding project priority and their commitment. All the work mentioned could lead to
A project manager is a leader who is able to motivate the team to bring change favorable to requirement of process completion. Project briefing process: Castel (2005) explains that one of the most critical steps of project management is when the client communicates the requirements to the project manager to establish a scope or brief. The author along with ideas of turner and Muller (2004) defines briefing as a process that requires skills and understanding from both ends along with high level of collaboration. The project manager should portray an open ended approach when communicating with the client as to build a trustworthy relationship.
Another, as a project manager, you should also have leadership skills, team building skills, and trust building. In my opinion, these three links with each other. In order to lead, you have to know your team well and to build their trust in order to work well together. You don’t put people in a team because they know each other, but because of the specific skill set they can bring to the table. You should know their strengths and weaknesses and assign a certain people in a team that will complete it.
Very often, the project manager is deemed to be responsible for the entire project which causes the rest of the team to contribute lesser towards the achievement of
As a matter of fact, one of main purposes of project is to reduce the risk and to get a better chance for a successful outcome. According to express by conclusion, ''Management is managing people and Leadership is leading
Project manager concentration from inception to completion is within the project initiation, planning ,execution, close down & conflict that arises at these project phases are reasonably resolved to achieve the set objectives of the project. According to (Hoffer, J. A., Valacich, J. S., & George, J. (2002) the Project manager uses the required skills in leadership, management, stakeholders’ relationship and conflict management style to achieve project objectives by motivating the team to ameliorate conflict during project life cycle.
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.
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.
Over the course of my professional life, I have become increasingly involved in project management roles. Doing so has made me aware of the many varied challenges that can face projects and the project managers who are charged with bringing them through to completion. The success or failure of projects, in whatever economic, political or social field, rests not just on the quality of the project’s goals, but also on the abilities of those involved in the project – and above all those who are managing it – to bring it to successful completion. To do this, project managers need to be equipped with a very wide range of skills, many of which are unrelated to the type of project itself. So, for example, a project manager of an engineering project must not only have engineering
Project management creates a situation where the workers perform their duties and responsibilities in a structural and devoted manner. With much dedication and focus it is possible to use fewer workers to accomplish and execute a project. Allowing fewer workers to perform a project allows frees up possible persons to work other tasks. The increased efficiency of teams in their tasks is of a consequent meaning that the effectiveness of the organization as whole is increased as well (Larson, 2014). Doing this allows project management the ability to hold people accountable and this makes the workers much more efficient in their tasks than a slew of
“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).