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Project management concepts and advantages
Concepts and key terms in project management
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identifies the employee, he/she must need to inform the project head, if it avoid by the employee due to this avoidance it impacts on the project result (Egeland, 2011).
Decision making. Effective decision making is important to a project result. Decision making by timely and effective will possess the client satisfaction and the clients have a good confidence on the project success. If a project leader fails to make a decision effectively it impacts on the project failure. Finally decision making on particular issues is showing the total team performance and it related to the team building issue, so a proper decision making skills are important to the project leader.
2. How would you describe your project management style (coach, autocratic,
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By using the traditional project management method, managers can easily identify the different projects life cycles. Also TPM accept that cases influencing the task are predictable and that procedures and exercises are certainly well-known. Traditional Project Management expect necessities are altered and cost and time are variables, this is the reason TPM numerous a time facing time line and spending plan issues. TPM is a project management methodology that will effort for maximum fields and conditions. This methodology utilizes regular policies and systems for management and solving issues, tools and techniques in this have been demonstrated for quite a long time, so the result of such tools and procedures can be precisely …show more content…
By effectively dealing with your stakeholders, you will be better ready to keep a cover on extension, guarantee project prerequisites are adjusted, comprehend resistance for danger, and solve the issues that would some way or another delay the project. Great stakeholder administration is an affirmation to your impact in an association, and a key segment to a proper undertaking environment. The objective of an effective correspondences methodology is to oversee desires and minimize surprises. However much as could reasonably be expected, you are attempting to deal with the data that individuals get, their perceptions, and clear up the sort of criticism that you require keeping in mind the end goal to be successful in conveying the project.
Plan approach to stakeholders. The measure of time you ought to dispense to overseeing stakeholders relies on upon the size and trouble of your project and objectives, the time you have accessible for correspondence, and the measure of offer you some assistance with needing to accomplish the outcomes you need. Thoroughly consider the offer you some support with needing, the measure of time that will be taken to deal with this and the time you will requirement for
Within my organization there are many different stakeholders. It is crucial to first understand what a stakeholder means. A stakeholder is a person who has something to gain or lose through the outcome of planning process. Within healthcare there are three types of stakeholders, those who receive health care, those who give health care, and those who manage the financial aspects of health care. Health care organizations do not face just one or a few stakeholders they hold many. Healthcare executives must learn to manage a portfolio of stakeholder relationships.
Identifying stakeholders for an intervention is essential. Stakeholders are all of the individuals who are affected by and issue or problem (BOOK). The stakeholders are going to be the individuals who can work towards changing the problem and who deal with the concern at the front lines (BOOK).
Talking directly to the stakeholders will help answer most of these key questions. For IT projects meeting the key stakeholders in a forum to review progress on the project is key to its success. Therefore a well drawn up project plan will ensure that there is enough representation of the stakeholders at the regular project review meetings.
Functional employees should not be authorized to make project decisions because they might make extravagant decisions that might have huge financial implications. On the contrary, functional employees should be allowed to make contribution of ideas and advice to improve the project. The project management team should have autonomy in decision-making.
The project management have a particular initiative of a plan and then those plans are directed in a particular process which have certain measures depending on the project nature which is done in a controlled manner and if it has many processes then the cycle is repeated over and over, as it reaches the last stage then the project finally terminated. But on the other hand the ordinary management does not initiate the project with a proper plan and also it does not end the project in a proper manner since the processes are not followed correctly so the project never ends it goes on and on, one or the other problem ...
Regarding to organizational stakeholders, there are three main groups of stakeholders: customers, employees and investors. The company attempts to link stakeholders’ needs and expectations to the company’s goals. For customers, the company must treat them fairly and honestly. For employees, the company needs to treat them fairly, make them a part of the company and respect their needs. For investor, managers should comply with the accounting procedure, do not manip...
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
“Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind” a famous quote about our goal by Seneca. It is a metaphor about the achievement goal and objectives by good planning skills. One has to plan for what one wants to achieve and where one wants to go. One of the most important things is to have good planning, before taking any project the first think you should do is to create project plan. Planning can be defined as preparing a sequence of action to achieve specific goals and objectives. According to Kerzner (2009), “project planning is desirable that the project manager is involved from project conception through execution. It must be systematic, flexible to handle, closely disciplined through reviews and control and capable of accepting multi functional inputs (pg. 412)”. The importance of planning a project is to describe the work so that it will be easily identifiable to the project team member.
Stakeholders’ analysis is the analysis which tells that how the company is dealing with the people which are directly or indirectly related with the company’s operations. These are called stakeholder and they include the employee, society, suppliers, buyers, shareholders, got and other tax related companies.
Since first taking the quiz “How Good Are Your Project Management Skills?” until now, can you identify areas of growth or knowledge regarding project management specifically, or leadership in general? Do you find yourself giving more consideration to particular areas, principles, or practices (e.g. scheduling, scope management, communication styles, etc.)?
Sometimes, the stakeholders of the projects have their own personal objectives which become a hindrance in carrying out the project successfully.
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.
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
PMBOK guide defines TM as the “Use of available time and your own productivity along with the appropriate planning and management of the project schedule” highlighting the link between Time Management and productivity and its closely knit relationship to scope and cost areas. Max Wideman presents a wider definition for TM as the “function required to maintain appropriate allocation of time to the overall conduct of the project through the successive stages of its natural life-cycle, by means of the processes of time planning, time estimating, time scheduling, and schedule control.” Ultimately at it’s core however, TM is about time, its planning and control during all stages of the project. A further look into Wideman’s definition of TM by means of identifying its importance throughout the entire project life-cycle (Initiation, planning, execution, controlling and close-out) is required. It is hoped that by analysing how TM tools and techniques can positively and negatively effect the different stages of the Project life cycle a better understanding of productivity, TM and project success will result.
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