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Advantages and disadvantages of traditional projects management
Advantages and disadvantages of traditional projects management
Advantages and disadvantages of traditional projects management
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You’d think it would be simple to perform a simple project to accomplish a simple goal. Despite what you might have heard, you’re right. In a perfect world, every single project would finish up two weeks ahead of schedule, with absolutely no snags along the way. In a perfect world, every project would finish safely under-budget, allowing the team to go out to a fancy steak restaurant to celebrate. And in a perfect world, the customer would always happily skip off singing the praises of the team that made it happen. This is not a perfect world. In the world that we do live in, problems happen. Requirements change without warning. The deadline turns out to be closer than usual. The customer suddenly changes his mind and decides he wants something else entirely. Projects are thrown into turmoil thanks to employee turnover, a lack of quality of live, and a turbulent environment surrounding the project. Traditional project management is not a good fit at all for projects of such a chaotic nature. Traditional project management is very formulaic by nature: Customer tells project manager what he wants, when he wants it, and how much he’s willing to pay for it. The processes involved are all well-established, with no new experimental technology. And the customer knows exactly what he wants- none of that changing-his-mind-halfway-through business. (DeCarlo) Chaotic projects require a new, different approach. That approach is known as Extreme Project Management (EPM). TPM is all about certainties, EPM is all about the unknown. There’s nothing slow and orderly about an extreme project- speed and innovation are necessary for success, and things are messy and unpredictable. As cliché as it is, anything really can happen. (DeCarlo) A tradi... ... middle of paper ... ... can’t control. Increase your team members’ sense of security by relaxing the project controls. As described above, one of the hallmarks of extreme project methodology is self-management. The “project manager” is really more of a figurehead and a mentor, and it’s up to the team members to manage themselves. Since there is no central project management authority, the members are responsible for conducting their management responsibilities and indirectly contributing to the management of the project. Moving from traditional project management to extreme project management is not easy. Then again, extreme project management is not easy. If you have the responsibility of heading up an extreme project, you should first test yourself, to see if you’re up for the challenge. It’s impossible to define extreme project methodology through conventional means, so don’t try to.
The adage of the adage of the ad Juran Institute’s Six Sigma Breakthrough and Beyond. New York, NY: The McGraw-Hill Companies. Gray, C., Larson, E. (2008). Project Management: The managerial process. New York, NY: McGraw-Hill Companies, Inc.
When you are a project manager of a major project, one thing is certain, when the project is over, your reputation in your organization will either be better or worse depends on the how the project works out. This book is designed to help all project managers take charge of any major project and its individual responsibility. Michael Thomsett covers all the stages for a project to succeed. He stuffs a massive and impressive amount of words into 205 pages, although few times the text reads as if it is also the product of flow chart. Thomsett views on project management as more science than art, for example, that project managers should not build a “fudge factor” or “float into their budgets”. If you already are an accomplished project manager this book will seem basic to you. However if you recently started on this part or share the basics with your team member, you will find it quite helpful and
Projects are widely used by many organizations and government institutions in the course of conducting their business. One of the reasons for this is because they have been proven to be effective in initiating change and translating strategic programs into daily activities. However, it has been established that most projects fail to deliver on time, budget, and customer specifications. In most cases, this failure is caused by over-optimism by the project management team. This over-optimism commonly referred to as optimism bias can simply be defined as overestimating the projects benefits and conversely underestimating its cost and duration time. Research have portrayed that this is often caused by failure to properly identify, understand, and manage effectively the risk associated with the project therefore putting its success at jeopardy(Mott McDonald, 2002). Fortunately, this biasness can be detected and minimized during the project gateway process.
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.
The project management is a skill to apply the functions correctly which measures the outcome of the project, the more the skill the nice the outcome will be. This comes through experience and having a proper knowledge of some of the functions like
A project is a temporary endeavour undertaken to create a unique product or service. They are goal oriented, have a definite start and finish time, must be done within cost, schedule and quality parameters. Projects involve the coordinated undertaking of interrelated activities (Project Management: Achieving Competitive Advantage). According to Tom Peters, “Projects, rather than repetitive tasks, are now the basis for most value-added in business”. Based on this, it is clear that projects are of utmost importance to businesses in both the service and the manufacturing industries.
Project success is critical to business performance and still many projects suffer from overruns, delays and failure. Each project is different and consists of risks. According to Morris and Hough (1987), project failure rate are high when one fail to consider and analyze project risks. As per Jiang & Klein (2001), the way project risks are managed has a direct effect on the project deliverables. Tzvi et al. (2002) suggested that there is no risk free project. Project risk management aims to maximize opportunities and minimize threats. This ensures achievements of project objectives. Hence, it is unlikely that a project will be successful without effective project risk management.
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).
Risk management is among the most important practices in the field of project management. A successful project completion and risk management often go side by side. An interesting aspect of project management is that a project can sti...
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.
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 Management Methodologies for Beginners - Workfront," n.d.) A project management methodology is tailored to the company on how things should be done. While a project manager can be successful in project management, every single company is distinct for everyone. Because of this organic nature of each company and project management methodology is useful, it looks to the needs of each team and adjusts to fitting the style needed and how each team should
Risk management has been one of the major concerns of executives and professionals involved with projects today, especially after the financial crisis that shook the world in 2008.The results of ex-post assessments of project or even verification of lost business opportunities for companies are clear signals that this evidence has become more intense (Junior, 2013).
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
...creased project value generation” and subsequently enhanced productivity. When time management is organized in a way to exploit the risk opportunities identified in the early project phase, increased productivity can result.