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Fundamentals of project management
Fundamentals of project management
Fundamentals of project management
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Project Management 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 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 …show more content…
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
Gray, C., Larson, E. (2008). Project Management: The managerial Process. New York, NY: The McGraw-Hill Companies Inc.
Frame, J.D., Managing Projects in Organizations: How to Make the Best use of Time, Techniques and People, third ed., San Francisco: Jossey-Bass,112-117, 2003.
Project management is "the art and science of converting vision into reality" (Atkinson, 1999). Project management delivers results. Project managers enjoy the challenge of juggling multiple responsibilities and optimizing workflow in a highly competitive environment. From managing the development of a website to launching new company wide integration system, project managers keep projects on time, on track and within budget. Strong business, management and organizational skills as well as experience with current technologies put qualified candidates in high demand in this extraordinary career field. The practice of project management focuses efforts on your mission by defining priorities, utilizing resources, and producing outstanding goods and services for businesses and customers alike. A successful project translates a broad public mission into concrete results and outcomes.
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.
In the contemporary world, there is need for organizations to manage their projects wisely. With most markets quite saturated and with increasing and improving competition from almost all angles, it is imperative how businesses conduct their projects.
Based on the findings from CIO – Project Management Definition and Solutions, Project Management Certification, Wisconsin School of Business – Project Portfolio Management, and Project Management Institute this paper will answer the question: how can organizations justify investing in enterprise project management for IT projects?
It helps to reduce the thought that something is missing in the project. The boundaries of the project management help to eliminate the fear of the project leader (Williams
Project Management practice varies considerably from one type of project to another (Payne and Turner, 1999) and its methods are essentially designed for the application of knowledge, skills, tools, and techniques to manage activities so as to meet the project objectives (PMI, 2013). A range of different tools, techniques, and approaches are applied to distinct types of projects in order to adapt project management procedures to the specific needs of each project (Crawford et al., 2005). The application of the principles of project management have been considered to be very efficient in the management and control of projects (Murphy and Ledwith, 2007). Project managers tackle different tasks and challenges throughout a project implementation,
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.
Patanakul, P., & Milosevic, D. Z. (2010). They are business leaders at Spotlight Corporation. In D. Z. Milosevic, P. Patanakul, & S. Srivannaboon, (Eds.), Case studies in project, program, and organizational project management (pp.409-416), Hoboken, NJ: John Wiley &
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 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).
Project planning falls in the Planning Process Group which consists of those processes to establish the projects total scope, define the projects objectives, and courses of action to achieve those objectives. During the planning process, all the documents that are needed to carry the project through the project lifecycle will be developed such as the project management plan. Project management requires repeated feedback loops as additional information becomes available and is better understood. The planning process delineates the strategy, tactics, and path to successfully complete the project. With that, the planning of a project must walk through all the those processes from executing, monitoring and controlling through the closing process.
Quality management is an important aspect of project management. The importance of quality management within project management is essential for project and organizational success so much so, that Kloppenborg & Petrick (2002) converge the two practices into the concept of project quality management. Without implementing quality management practices, organizations would not flourish in today’s global economy of increasing consumer demand for high quality products. Quality management therefore leveraged with project management processes ensures that deliverables of projects will meet a preferred level of quality based on a defined set of requirements (Wallace, 2016). Quality as defined by (REF) is the “totality of
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