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Fundamentals of project management
Fundamentals of project management
A research project on project management
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Project Management Framework Project management framework document defines the processes that are performed throughout the life of the project to ensure the project management policy is adhered to. Needs for a framework: The Project Management Institute defines a project as “a temporary attempt undertaken to create a unique product, services or results” (Project Management Institute 2004, 3). This definition clearly justifies the complications and probes exist, especially within the context of a local environment. While the project is started the project management needs to understand the objective methodologies that will support to identifying, classifying, documenting, of IT project. There are three primary factors that significantly …show more content…
• Recruiting project staff and consultants • Developing and maintaining a detailed project plan. • Resolving cross-functional issues at project level • Monitoring project progress and performance • Providing status reports to the project sponsor Business Sponsor: The Business Sponsor oversees the project and provides guidance, direction, oversight, and political support to the project manager and the project team. The project sponsor approves the project proposal and project charter and provides the formal sign-off for acceptance of a project’s final deliverable. Responsibilities: • Acts as supporter of the project • Responsible for making business decisions for the program/project • Approves the budget and decides acceptances. • Holds Authority and responsibility for the project. Business Visionary: The role of the business visionary is more involved than the business sponsor and BV can interpret the needs of the sponsor, communicating with the team members and make sure he/she will prepare a proper business documents. • Responsible for defining the business vision for the …show more content…
Executing: During executing phase, the project executes the action plans, processes, and procedures précised and referenced in the high level Project Management Plan with specific consideration to the production and quality of deliverables Post Implementation: The post implementation phase includes all the activities necessary for the project team to bring closure to the project, either upon system acceptance and transfer to its support team, or upon system retirement or replacement. Project Classification The final key component of the frame work is Project Classification. Project classification is a two-step process to help and identify the reporting requirements and complexity of the project. The process consists of implementing a questionnaire for every part of the development and that asks about the kind of work to be performed and who will be accomplishing it. Project Reporting Requirements: The project reporting requirements will indentify to whom the project must be reported. There are three types of reporting projects and each type has different reporting requirements. • State Major
Talking directly to the stakeholders will help answer most of these key questions. For IT projects meeting the key stakeholders in a forum to review progress on the project is key to its success. Therefore a well drawn up project plan will ensure that there is enough representation of the stakeholders at the regular project review meetings.
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...
The importance of project management lies the foundation in successful completion of the project. There is a great difference between project management and the ordinary management, which is explained in the flow chart in figure 2.
First is to examine each of those projects to the corporate objectives, compare and contrasting project selection criteria and justify why a project meets the selection criteria.
Being the present manager and being appointed by the government at the feasibility stage I am asked to write a report in order to outline the activities required to successfully manage this major project and to ensure that it is completed on time and within budget.
In the contemporary world, there is need for organizations to manage their projects wisely. With most markets quite saturated and with increasing and improving competition from almost all angles, it is imperative how businesses conduct their projects.
The purpose of this Quality Management Plan is to document the necessary information require to effectively manage project quality from project planning to delivery. It defines the project’s quality policies, procedures, criteria for and areas of application, and roles, responsibilities and authorities. (Project Quality Management Plan, n.d.)
During the entire process, it is key that the project manager fully understands that it is responsible for documenting all of the relevant information for stakeholders, as it relates to their impact on the project. The best thing that the project manager can do is to ensure that all information and documentation includes the
At the beginning of the project, sponsor has to do the evaluation and approval of the project plan. At the later stages of the project implementation, sponsor will be accountable to review the charter and approve change request. So it’s crucial to provide feedback to shareholders on status report, and with sponsors power he can make sure that reports reached necessary investors. There would be other managers involved in the project, so an effective sponsor will overview that managers are meeting their obligations, evaluate their responsibilities. An effective sponsor is needed for the success of the project manager, sponsor’s involvement is critical because he guides and supervises the project
The objective of this phase is to execute recovery plan in order to return project in line with the business benefits expectations. During execution, the estimating methods and their accuracy are continuously validated, accurate forecast of project completion is made. Threats, problems and opportunities are continuously monitored. The output of this phase is a recovered project with baselined project plan for project completion.
What do we want to accomplish? If a project is called for, the project definition stage identifies general objectives, specifies the scope of the project and develops a project plan that can be shown to management. Stage 2 - Systems Study This stage analyzes the problems of the existing system (manual or automated) in detail, identifies objectives to be attained by a solution to these problems, and describes alternative solutions. The systems study phase examines the feasibility of each solution alternative for review by management.
“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).
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.
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.
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