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Importance of project management for students
Fundamentals of project management
Fundamentals of project management
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Reflective Journal: Fundamentals of Project Management
The Fundamentals of Project Management course has been very valuable in my academic and professional training. In fact, this course is also important for every single business both private and public company that provides both goods and services. Also, it is essential for everyone, especially for those who desires to establish a management professional life. The reason for that is very simple, for more simple that can be the development of a service or a development of a product both needs to have someone with the skills and knowledge to manage in an effectively way the scope, time, and budget required to accomplish the expected result. Thus, considering that I am attending regularly
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In that time, I explained that the matrix organization structure will be more recommended once the advantage to having more than only one responsible for managing the same topic will enhance the results that the company can reach. Also, the company can be specialized in more than one local market once the markets can have different attitudes in how they do business among others.
Over the topic related to the organization and human frame, I was very surprised to have learned that in Canada the balance between professional and personal life is very well respected. As I have stated in class, for many times in my past professional experience in Brazil, I was rushed to accomplish the company desires and needs instead of my personal life in order to me have the opportunity to keep my job. It was a very disappointed experience that I could have and one of the motivation I have to change my entire life to Canada, where I truly believe that here in Canada, I can have more quality of
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
For more than 25 years, The Little Black Book of Project Management has been introducing project managers to the incredibly effective and logical project management skill and methods to help them achieve their goal. This book has been flooded with very nee project management techniques as well as the latest standards of the Project management body of Knowledge (PMBOK) .accepted by PMI (Project Management Institute).
The Project Management Institute (PMI) was formed in 1969 to provide a non-profit organization for project professionals. This global organization offers eight different endorsements to aid project management professionals in acquiring positions with higher wages and career prospects (Learn about PMI, n.d.). The Project Management Institute is the foremost authority in project management (PM) fundamentals and serves as the lead organization for project administration. With organizational groups that extend globally, this institution
The main challenge of a Matrix Organization is to keep the stability between product management and department management. The employees, in this kind of organizations, are expected to respond to two lines of management. Taking directions from two sources may lead to opposing directions, and consequently, lead to disputes among management teams. The primary benefit of the two lines of management is the higher efficiency; In this kind of organization formal and informal communication are very high, and technical issues are fixed quicker as well as customers demands.
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
Business structure is a critical factor to determine a company 's success or failure. Generally, larger organization has a more complex organizational structure. In the case of H&M, they had adopted matrix structure, one of the traditional organizational structure, into their business. As shown in figure 1, range of functional groups is listed horizontally across the table and on the other is product/task with a manager taking control of each. The functional structure is divided
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.
Matrix structure is first introduced in the aerospace industry in the 1960s and become one of the popular organizational design options in today’s business and industry (Derven & Alexandria, 2010). Burns and Wholey (1993) poinited out that matrix structure were used in advertising agencies, aerospace firms, research and development laboratories, hospitals, government agencies, and universities. Matrix structure is the combination of two or more different structures and take the advantages of the pure functional structure and the product organizational structure (Robbins & Judge, 2011, p. 497). The employees in the matrix may have two bosses: their functional department managers and their product managers. For example, all engineers may be in one engineering department and report to an engineering manager, but these same engineers may be assigned to different projects and report to a project manager while working on that project. In many organizations, a matrix structure is implemented to address the requirement to do more with less and become more agile. The matrix structure, which focuses on horizontal as well as vertical management, has become more widespread as a result of globalization and the...
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.
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 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).
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 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