Mgt/437 Project Management

Over my career, I’ve been involved in a many projects such as the acceptance of new electric rail cars to the development of a computerize maintenance management system. These projects involved dozens people, crossed department lines and spanned many months from their conception to their implementation. While most of what I learned was acquired during the project, I attended a project management course that was offered by my company’s training and development department. Whether serving as a team member or project leader, I’ve gained many insights into the process of project management.

Project management is short term; it has a beginning, an end, and has identified steps to take throughout the process. The steps of project management are as follows: proposal, initial investigation, detailed investigation, development and testing, trial, operation and closure, as well as, the evaluation. There are measurable benefits to using project management within an organization for certain key objectives or processes that need

Project management has quickly become something that is used by most organizations when the organization wants to finish a project in a timely manner and within budget. Project management helps companies to meet their strategic mission in a planned and organized way. This paper will explain what project management is and the importance of it to the business world, the project life-cycle management and the benefits that project management has to an organization and the concept that goes into the planning of the life-cycle and how research and critical thinking is a mandatory part of planning. This paper will also explain project organizations and the importance of leadership and sponsorship, project team building and the techniques

This assignment allows the student to apply project management models. This assignment enables the student to understand how popular project management techniques are applied and implemented.

This research is meant not only to add information to the body of knowledge that already exists, but also to analyze the major issues currently causing projects to fail; this will help companies to manage projects better in future. In order to avoid project failure, we have to properly determine and agree upon the criteria for measuring project success. The criteria commonly used include; cost, quality and time. Then we need to determine the causes of project failure.

The project performance and control is the process where managers may compare project status and progress to the actual plan, as resources perform the scheduled work. During this phase, project managers may need to adjust schedules or do what is necessary to keep the project on track. Finally project close occurs when project tasks are completed and the client has approved the outcome, an evaluation is necessary to highlight project success and/or learn from project history. (Metafuse 2017)

In adding up to the definition by Project Management Institute which was submitted at the beginning of this proposal, a substantial numbers of experts have defined project management. Kerzner (2009) stated that project management is the application of knowledge, expertise and skills, and the best technical way with limited resources in the company to achieve specific targets in order to achieve optimum results in terms of performance, time, quality and safety. Based on this perspective, it is found that project management is a set of practical understanding and skills which project managers need in accomplishing their project in organizations for satisfying result, Nicholas and Steyn (2012). However, the application of project management

A project may close for various reasons like the achievement of its primary objective. From the beginning, the business should know its criteria for closure, the existing difference between the uncompleted and completed project as well as stopping a project from always dragging. The closure of a project consist of verification of the criteria for closing a project, project evaluation report verification as well as close out transition checklist of the project. This enables the managers to check out whether these documents have been compiled and archived into the files of the project well so as to retain the information needed for use in future undertakings.

“Project management is a growing filed used increasingly by businesses of all sizes” (Harbour). In other words, project management occupies a significant position during the development of the company. Without well designed and planned management, any entrepreneurs and organizations are unable to deliver good quality of products and service to customers within budget, schedule or other constrains based on the specification (Master of Science in Project Management, Par.1).

There are always problems with this approach, but the profit of doing so is significant.

In today’s global economy, every organization is steering their processes in the best possible manner to achieve the competitive edge. Project management has proved itself as viable and one of the best options to deliver preeminent business results. To understand the need of project management, it is crucial to understand why the project should be established within organizations. Projects add value to the existing operations and practices of the organization. To deliver a unique product, to construct a new facility, to enter a new market and to establish various transitions and development, project is necessary. A project is a temporary endeavor to create a new product and services or a result from the optimal utilization of the resources.

Naybor (2014) defines Project Management as the application of processes, methods, knowledge, skills and experience to achieve a desired objective. He states that Project management is essentially aimed at producing an end-product that will effect some change for the benefit of the organisation that instigated the project. A key factor that distinguishes project management from just management is that it has this final deliverable and a finite timespan, unlike management which is an ongoing process (Naybour 2014)

A project is a sequence of unique, complex, and connected activities having one goal or purpose and that must be completed by a specific time, within budget, and according specification. Project management is a method and a set of techniques based on the accepted principles of management used for planning, estimating, and controlling work activities to reach a desired end result on time- within budget and according to specification (Wysocki, R.K. 2007). Project management is the application of knowledge, skills, tools, and techniques to project activities in order to meet project requirements (PMI, Project Management Body of Knowledge (PMBOK Guide), 2000, p. 6). In this essay I will be explaining some of the theories and try them to apply

Successful project management is an important element of profitable organizations. According to Larson and Gray (2014), “project management provides people with a powerful set of tools that improves their ability to plan, implement, and manage activities to accomplish specific organizational objectives” (p. 3). Project management also always a project oriented organization to make educated decisions on which projects their organization should pursue. According to Bolat, Cebi, Gul, and Otay (2014), “organizations have to focus on improvement of project selection process coping with various multiple criteria, objectives and various goals that usually conflict with each other in terms of completion time, project budget and number of workers, etc.” (p. 247).

Successful projects require adopting thorough and relevant strategies throughout the project life cycle. This include using different strategies to keep cost in check, meet timelines and deliverables, meet the require quality standards, and more. Adopting the right processes for monitoring and controlling the project is very essential