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Project management fundamentals
Project management fundamentals
Project management fundamentals
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The importance of Project Management is a key topic because all organizations, be they small or large, at one time or other, are tangled in applying new activities. These activities may be different perspective, like the development of a new product/service; the creation of a new production line in an industrial enterprise; or a major building program. The main target of using project management has changed over the years. According to Tom and Sara (2014), in the 1980s it was about quality and the 1990s were all about globalization. However, after 2000, they changed to velocity. That is, to keep ahead of their competitors, organizations are frequently confronted with the progress of complex products, services, and processes with …show more content…
This partnership allows cross-functional teams to form and share project data. However, this is not enough; information management systems have the potential to allow project management applies to be implemented in a real-time environment. The output of this potential project management expertise leads to a nationally or globally detached of users who are able to simultaneously view and cooperate with the same updated project information directly, including project schedules, threaded discussions, and other related documentation (Catalin; 2014). In this case, the term isolated operator takes on a catholic meaning. It not only contains the cross-functional management teams but also experts are drawn from the organization’s supply chain, and the …show more content…
Contemporary project management techniques build their roots in two analogous .The first case was related to the U.S Navy, which at that time their duty was connected to the control of contracts for its Polaris Missile project. These contracts were comprised of research, development work and manufacturing of parts that were exclusive and had never been previously undertaken (Sapolsky,
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
Large and small businesses, governments, and schools strive to build the next new gadget, manage resources more efficiently, and teach or train in more creative ways. If they set out blindly on a task without proper oversight and thought about the process, then surely the result would be a dismal failure. Project management enables these entities, and various others, to carefully consider the many variables before, during, and after the project actually takes place. Project management refers to the careful planning, organization, and management through a single one-time activity. Projects are non-routine tasks that are set out to be accomplished for a specific amount of time (Trelles-Duckett & Lonergan , n.d.). Projects have an absolute
Reference Hallows, J.E. (2002). The 'Secondary' of the 'Second The Project Management Office Toolkit. American Management Association, New York. Wells-Stam, D.. a.
Kezner, H. Project Management: A Systems Approach to Planning, Scheduling, and Controlling. 6th. New York: John Wiley and Sons, Inc, 1998. Print.
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
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.
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 are typically responsible for planning, directing, and completing projects and with that come a high level of responsibility. Leadership abilities must be strong, as the project manager will be tasked to lead several teams. They must be able to delegate tasks and responsibilities impartially that will maintain cohesiveness among teams throughout the project. Experience plays a role in leading teams and being able to manage conflicts is a key leadership trait. Furthermore, the ability to use a variety management styles will benefit the project manager throughout the course of a project.
“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).
Another important aspect of quality is the stage at which it is assessed in the life cycle of a project. According to Toakley and Marosszeky (2003), project quality is normally evaluated at the completion stage, though assessments may be undertaken during the various stages of the project. Although the most significant quality decisions are made during the planning and design stages, most of the quality management efforts occur during the implementation phase of the project. The onus for ensuring project quality lies primarily on the project manager and the project team who should endeavor to undertake best practices to ensure successful project management. 2.3 Project Management in Ghana As far back as the mid-1960s, the accelerated provision
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 defined as an organized approach which aims to bear client anticipations, in order to accomplish the requested advanced business value (Wysocki, 2014). Since the 1950’s methods and procedures were applied in a uniform way to every project from the smallest to the largest (Špundak, 2014). Their success is certain in some industries (Badewi, 2016) (Kozak - Holland, 2010). A rapid growth of complex new technologies and innovations is indisputable (Saynisch, 2010a). Important changes propose new aspects for project management (Saynisch, 2010b). Traditional project management practices that have been used years now, known as PM 1.0 are challenged and new project management practices PM 2.0 come in the surface.
PRINCE2 is both a methodology and a de facto standard that is widely used by the UK
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