More handpicked essays just for you.
Role of project management in achieving project success
Eight key factors to ensuring project success
Limitations Of Traditional Project Management Theories
Don’t take our word for it - see why 10 million students trust us with their essay needs.
A project may be regarded as a sequence of tasks with a beginning and an end. It is delimited by time, resources and desired result as stated in Fox & Van Der Walt (2008, p.2). However, according to PMBOK Guide (2008), project management may be defined as the “application of knowledge, skills, tools and techniques to project activities to meet the project requirements”. According to Young, Brady & Nagle (2009, p.1) “A fruitful project is one that is accomplished within a defined budget and schedule ensuring that goals and objectives of the customer are met”. If project success can be defined in one sentence, then why do some projects fail? Projects fail for various reasons. In this essay, we will discuss both how Traditional Project Management and Agile Project Management Approaches contribute to the success of an IT project. The following sections are as follows. The Overview section provides a summary of the Traditional and Agile Project Management Approaches in terms of project success. The Critical Analysis section explains the key differences between the two above-mentioned Approaches and summarizes how Waterfall and Agile Project Management Approaches contribute to the success of a project. The Risk Management phase provides a clear explanation on the importance of risk management for a project to succeed. The Additional Topic is based on Cost Management. Lastly; the Conclusion provides a summary of the main results of the essay and suggests some recommendations. Overview: Traditional Project Management: Traditional Project Management (TPM) is one of the first Project Management Approaches that was developed. Also known as the Waterfall Model and discovered in 1970 by Dr. Royce Winston, the Waterfall Model is a seque... ... middle of paper ... ...ines.html#sec8. [Accessed 26 December 13]. Kendrick, T, 2009. Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project. 2nd ed. United States of America: AMACOM. Project Management Institute, 2008. A guide to Project Management Body of Knowledge (PMBOK Guide). 4th ed. Atlanta, United States of America: PMI book service center. Puri, C.P, 2009. Agile Management: Feature Driven Development. 1st ed. New Delhi, India: Global Indian Publications PVT Ltd. The Standish Group, 2011. Agile Process. Chaos Manifesto: The Laws of CHAOS and the CHAOS 100 Best PM Practices, [Online]. Pg.25. Available at:http://versionone.com/assets/img/files/ChaosManifest_2011.pdf [Accessed 26 December 2013]. Young, R.R, & Brady, S.M, & Nagle, D.C Jr, 2009. How to Save a Failing Project: Chaos to Control. 1st ed. United States of America: Management Concept.
Agile project management is an iterative approach to the planning and monitoring of project processes. Agile projects are conducted in smaller tranches called iterations with each of these iterations closely reviewed and critiqued by the project team (employees, representatives of the clients etc.). The knowledge gained from this process is then used to ascertain the next steps of the
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
Project Management: A Systems Approach to Planning, Scheduling and Controlling. Hoboken, NJ: Wiley & Co., Inc. Kim, B. &. (2011).
Graham, R. J. & Randall, L., Creating an Environment for Successful Projects: The Quests to Manage Project Management, second ed. San Francisco: Jossey-Bass, 65-113, 2003.
Jugdev, K. (2012). Learning from Lessons Learned: Project Management Research Program. American Journal of Economics and Business Administration , 4(1), 13-22.
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.
Kehinde S. Bankole, PhD. Week 4: Organizational Behavior How to make the whole organization Agile by Stephen Denning Davenport University Management 653 Regina Schinker Abstract In the phase of constant and rapid change in the global competitive market, an organizational culture must deeply embed the set values and beliefs on how every stakeholder (management, employees, shareholders, customers, suppliers, vendors, etc) in the organization react to various situations. This management process through which an organization’s culture is promoted its merit and efficiency is known as agile management. High level of organizational agility can be successful used to react to the emergence of new competitors, develop new industry-changing technologies, and overall improve business performance.
In today’s dynamic business environment, where there is need to be on par with changing business requirements and the needs of users to survive in the market, it is advisable to adopt a flexible and effective software development approach. An Agile approach as opposed to other development methods, enables organizations to respond fast to changes, gaining competitive advantages on the market and ensures user satisfaction too. ‘A system development methodology refers to the framework that is used to structure, plan, and control the process of developing an information system. (CMS & HHS, 2008)’. Several software development methodologies have emerged over years each having its own benefits and weaknesses and each of which works well for certain kinds of software development projects, teams and contexts. But a development methodology is necessary to make a development process productive, manageable and measurable and it defines specific deliverable and artifacts
This paper will reflect on the different uses of Project Risk Management and ways in which it can benefit organizations to have the ability to identify potential problems prior to the problem occurring. Risk, this is not something to be taken lightly whilst dealing with matters that include high end projects meeting specific details, deadlines and expectations for the end client. Project risk management teaches one to be aggressive early on in the phases of planning and implementing the tools for a project. This is usually easier as costs are less and the turnaround time to solve the issues at that present moment is beneficial rather than later. The result in a successful project for one’s self and other key people involved in the process is also another requirement. Stakeholder satisfaction is important because the
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.
“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).
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.
The waterfall model has its weaknesses, it is instructive because it emphasizes important stages of project development.
According to the Agile Manifesto, the overall goal of the Agile method is to “uncovering better ways of developing software by doing it and helping others do it” (Agile Manifesto). This method strongly emphasizes change; they hold to heart the idea that adaptability and innovation is the key to success with software development. The Agile lifecycle consists of defining the requirements, designing and developing the software, executing a quality assurance test, receive feedback from the customers, and reiterate through that process, using the feedback as the new requirement that is to be addressed. Teams using this system invariably loop through this cycle; there is not an end vision to the product. Each iteration using Agile takes only a few weeks for the new software to roll out (Smartsheet). It is extremely important for a business to attract people. By continuously evolving their products, businesses are able to stay on top of trends and accumulate new customers.