Project Risk management is the heart and soul of project management. If failed to apply in the right direction it can have dire consequences on successful completion of any project. Though the risks are usually identified, categorized and evaluated during the initiation and planning of the project, however the chances of risks actually increases during the execution phase of the project. Thus when the projects are handed over to project directors or managers it is essential that risks have to be re-evaluated and categorized. Categorizing risks is a way to systematically identify the risks and provide a foundation for awareness, understanding and elimination of such risks.
Common project planning tools such as risk analysis can be used to reduce the destructive consequences of change, because they give insights and predictions to identify possible conflicts (Mallak et al. 1997). Every part of the related activity should be rearranged as well. The impact is said to be large and decision must be carefully made for further action. Evaluation is included in the summary report for a change and project team manager will then recommend to board of director of company or sponsor to have approval or rejection in case the change is serious.
Going around the priority system will destroy its effectiveness. The project priority team needs to consist of seasoned managers who are capable of asking tough questions and distinguishing facts from fiction. Resources (people, equipment, and capital) for major projects must be clearly allocated and not conflict with daily operations or become an overload task. The priority team needs to scrutinize significant projects in terms of not only their strategic value but also their fit with the portfolio of projects currently being implemented. Highly ranked projects may be deferred or even turned down if they upset the current balance among risks, resources, and strategic initiatives.
Information poverty is one of the main forms of poverty today that affects the lives of billions of people on a daily basis (Britz, 2006). Information poverty is a serious ethical issue. It does not only affect the individual/society in terms of human dignity and autonomy, but also restricts the individual’s and society’s capability to make choices and to develop. The purpose of this research will be the following: (1) Identifying the causes of information poverty; which may include information illiteracy, lack of information resources and other resources in general, rapid developments within the Information and Communications Technology industry, poverty and a lack of infrastructural facilities (Aguolo, 1997). (2) Identifying the effects of
Increases in the number of personnel involved, allied to their different locations can also cause significant problems. When so many different aspects of work have to be considered and managed effective project management is crucial to the success of such projects. Problems can be solved when tutorials and meetings are held in one institution. This has serious repercussions for the project by altering perceptions of what was required and the relationship between the institutions. Particular attention should be paid to the input of different personnel, the availability of support and the meeting of deadlines in setting up the
Individuals dealing with human resource matters face a multitude of challenges, ranging from a constantly changing work force to the ever present scores of government regulations and a major technological revolution. Furthermore, global competition has caused organizations both large and small to be more conscious of cost and productivity. Because of the critical nature of human resource issues, these matters are receiving major attention from upper management. (D. Johns& Radebaugh, 2006) As organizations vary in size, aims, functions, complexity, construction, the physical nature of their product, and appeal as employers, so do the contributions of human resource management. But, in most the ultimate aim of the function is to: "ensure that at all times the business is correctly staffed by the right number of people with the skills relevant to the business needs", that is, neither overstaffed nor understaffed in total or in respect
Through planning the project, the project manager may discover that the project background is not consistent with the reality. In this case, the project manager must redefine the project background. So, there is a feedback between initiating the project and planning the project. Each phase includes a set of activities to achieve it. Fig 2: Project life cycle  The performance of project managers can be easily measured for a specific SPM knowledge area because each area includes a set of activities and skills related to a specific SPM competency.
Awareness is a product of knowledge representation, knowledge processing and monitoring. There are several aspects to identify system awareness i.e. context awareness, situation awareness, and self-awareness. In this section, we argue that the systems frequently confront the dynamic situations. They always change overtime and an awareness of the situations, generally cannot be anticipated at design time, thus self-awareness is needed to recognize an actual situation during run-time operations.
The weaknesses in a project plan can be uncovered by risk analysis ,and changes, new activities, and resource shifts that improve the project ,can be triggered . Demonstration of the uncertainty of project outcomes, and setting of reserves for schedule and/or resources, can be usefully done by risk analysis. When there is a solid, credible project risk plan, project communication is more effective. Awareness of project exposures for the project team, showing how painful the problems might be, and when and where they might occur ,can be built after risk assessment. This causes people to work in ways that avoid project difficulties.
That relates to the terms of achieving project’s objectives in the approved budget and scheduled timeline. Some researchers have argued that this failure might be due to the growing list of new pending projects at the same time in large organizations. In consequence, that leads to further complicate in the management of these projects as they compete together within the organization and at the same time consuming its resources. Contemporary Project Prioritization Software Tools has been regarded as one of the most important support tools for multiple projects. That tools help in achieving project’s objectives using project management methods through prioritizing the projects according to different element like project outcomes and resources availability, etc.