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A research project on project management
A research project on project management
Project life cycle and organisation
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1) All projects have at their core a specific goal or objective, a defined life span, a budget and schedule for its completion, defined quality requirements and require the effort of a people to execute (Field, Keller 1998). Knowledge of a projects core characteristics is essential in effectively managing the project through its lifecycle and ten knowledge areas of project integration management, project scope management, project time management, project cost management, project quality management, project human resource management, project communications management, project risk management, project procurement management and project stakeholder management (PMI 2013). Effective management through these knowledge areas act as a mitigating factor against the effects of the triple constraints on a project, which is critical in the application of project life cycle management.
2) In defining the scope of this project I would utilize the project scope management processes outlined by the Project Management Institute (PMI). As such a scope management plan would be done to document how the scope is to be defined, validated and controlled (PMI 2013), scope requirements would be collected by interviewing and surveying stakeholders and subject matter experts being sure to clearly define both the project and product scope requirements. The scope
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By outlining the critical path Penny Black would have had a clear guide of the activities that have no float or slack allowing her to better manage risk and time constraints on the
Project Management Institute, 2008. A Guide to the Project Management Body of Knowledge. 4th ed. Newton Square, Pa.
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).
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...
First of all, is to determine the potential for improvement through a more detailed understanding of the target. So we need to the common business scope to expand, plus the operating point of view, such as the site structure and cost structure analysis of productivity and the technological level of analysis, or supply chain management plus the core is confirmed. The risk factors, to quantify the business opportunities and risks, formulate the initial integration of the program. For the analysis and establishment of business scope has a decisive role in the value chain is an enterprise from procurement to storage and transport.
Defining a proper scope of a project is the basic layout, on which everything goes out then, if you lay out a good sound scope and define your processes up to the extension then only it will be easier to work on simpler tasks.
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
The chapter ‘Project Management in the Automotive Industry’ by Christophe Midler and Christian Navarre from The Wiley Guide to Managing Projects (September 2004) traces the inception and transformation of project management in the automotive industry from the post-war period to the early years of the new millennium. It is an interesting article which categorizes the period into four phases on the basis of organizational structure and strategy pertinent to most of the automotive manufacturers in each era. This classification helps the authors elaborate on the change in corporate structures and relationships within the organization and with their subcontractors over the years. Examples of leading car manufacturers have shown how project management has developed into an essential aspect of managing complex activities, and how the automotive industry has steadily evolved from being function-oriented and bureaucratic to being innovation-oriented and modular.
Project Management Institute (PMI) (2013). Project Management Professional (PMP) Handbook. [ONLINE] Available at: http://www.pmi.org/certification/~/media/pdf/certifications/pdc_pmphandbook.ashx. [Last Accessed 20 April 2014].
Scope Definition Scope is one of the three key factors that define quality. It is a combination of all the tasks and goals a project requires for successful completion. Furthermore, planning projects and monitoring their output, as well as estimating costs and the required time for the project to be completed are parts of setting the scope. Factors Involved When changing the scope of a project, simultaneously the factors of cost and time will be affected. One can compare the combination of the three factors with the structure of a triangle.
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.
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.
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 management is conventionally defined as a “temporary endeavor undertaken to create a unique product or service” (Project Management Institute 2008). Alternatively, a project can be thought of as a well-defined set of tasks that must all be completed in order to meet the project's goals (Klastorin 2004). In a typical project, many tasks are performed concurrently with each other. Another key feature of projects is the existence of precedence relations between the tasks. These relations typically define constraints that require one task to be completed before another starts. Compared to many business processes, project management appears to be particularly difficult, from both theoretical and practical
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 first and most crucial step is to create a solid plan. Plan should include the techniques, tools and data that are going to used in the project. The responsibilities of all the members should be distributed at this step. The utilization of resources and budgeting of the project should be done here. Management tools such as probability and Impact Matrix, FMEA are useful at this point.