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Fundamentals of project management
Fundamentals of project management
Fundamentals of project management
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Recommended: Fundamentals of project management
1) Overview – This chapter is about controlling projects. This is the logical follow-on to the previous discussion on monitoring. Monitoring detects a problem; control does something about it. There are many reasons that projects go off their plan and require control. It’s especially important for the PM, particularly one with a technical background, to remember that all project problems have a human element. Real people, each with his or her unique abilities, are the “actors” that must make all the carefully analyzed plans actually happen. PM’s may find it hard to exercise control over a close-knit project team to whom they feel strongly attached. Further, many people are of the opinion that exercising any type of control is akin to the great evil of micromanaging.
2) The Fundamental Purposes of Control – The primary objectives of control stated in the text are:
• The regulation of results through the alteration of activities.
• The stewardship of organizational assets.
a) Physical Asset Control – One aspect of control often neglected in project management is physical asset control. This
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One challenge in applying this type of control is determining how precisely the predetermined condition must be met to allow the “go.” Go/no-go controls should be linked to project milestones, as opposed to arbitrary schedules (e.g. every quarter) to insure that decisions are made with meaningful data at significant points in the project’s schedule. One popular application of this principle is the phase-gate process of control. This process is often applied to design and product development projects. Funding is only provided until the next gate, which often is a review of the fledgling product or design for functionality and the current market for projected demand. The project plan provides most of the data needed at go/no-go
This process is done in each and every phase. A project can have different phases involved, but every project includes these five phases. The project manager and team must check every time the requirement of the project at each phase in order to confirm the significance of the project continuation. Planning phase involves completion of the project scope plan, WBS, schedule of the project plan, cost and procurement of the project plan. According to the research study, the organizations need to spend a certain amount of time on planning and initiating phases.
Project Management: A Systems Approach to Planning, Scheduling and Controlling. Hoboken, NJ: Wiley & Co., Inc. Kim, B. &. (2011).
In today's business it is in the best interest of companies to have project managers. Common sense isn't always easily accomplished. Anyone who's ever worked on a project in a technical setting knows this. Indeed, much of working with others consists of solving unexpected problems and learning from mistakes along the way. Knowing this and having the proper tools a project manager will be able to manage and complete the most intense project out there.
Once the product life cycle ends, it is up to the project team to help
Project managers are leaders of small and large groups destined to complete a strategic project plan. Leadership characteristics described above can make or break a team. In all successful project fulfillments, it is the leadership of the project manager that determines the type of success for the project’s members. The most...
Intellectual property strategies 4 9. HR development plan 4 10. Project control mechanisms 4 11. Project governance strategy 4 12. Quality assurance 5 13.
Kezner, H. Project Management: A Systems Approach to Planning, Scheduling, and Controlling. 6th. New York: John Wiley and Sons, Inc, 1998. Print.
Monitoring and controlling (Schwalbe, 2014): This stage embraces that to make sure that the team meets the project goals. The necessary actions should be taken while monitoring the activities. The very common process is reporting the performance. This helps in keeping the project on track by making changes. So, the project manager should monitor their team members.
Simpson, W. (2010). Project Planning and Control When Time Matters: Focus on Process to Synchronize and Drive Results. Production and Inventory Management Journal, 46(2), 26-43. Retrieved July 19, 2011, from ABI/INFORM Global. (Document ID: 2278162401).
The importance of project oversight assists top management in mitigating risks and allows them to be proactive and take the necessary corrective action when problems arise. By proactively monitoring the project managers the company can reduce the amount of delays ensuring the project stays on track. This is important to the organization due to the fact its serves in the best interest of the stakeholders of the entire project.
Project Management practice varies considerably from one type of project to another (Payne and Turner, 1999) and its methods are essentially designed for the application of knowledge, skills, tools, and techniques to manage activities so as to meet the project objectives (PMI, 2013). A range of different tools, techniques, and approaches are applied to distinct types of projects in order to adapt project management procedures to the specific needs of each project (Crawford et al., 2005). The application of the principles of project management have been considered to be very efficient in the management and control of projects (Murphy and Ledwith, 2007). Project managers tackle different tasks and challenges throughout a project implementation,
Project management is said to be completed within time when it completed within the “triple constraints”: cost, time and quality. And in a lot of causes, one them is sacrificed so as to meet the other two. Project managers prioritize which ones are the most important.
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.
By not understanding what the controlling activities will include, the planning process is incomplete. In today’s environment, the relationship between project planning and project control are critical. When a project has an unforeseen event occur, it can be contributed to a planning failure. This is where control comes in to implement the corrective action. This unforeseen event is now a lesson learned and is considered in the planning of future projects. Therefore, project planning and effective project control is an iterative process as depicted below (PMBOK ,
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