The first important aspect of adopting a project management perspective is: Higher work moral- higher work moral can be affected as the people helping and working for you on the project will know their tasks well in advance and know full well what they are working towards. It gives the workers a sense that the project is on a successful path and will motivate them more knowing this. Lower costs- The second is lower costs. Especially in these recessional times any measure that can help save money is hugely important. Lower costs can occur due to a project management perspective as this ensures that the road ahead is laid out in advance.
Never forget, that an event does not end when the curtain falls, because what it sent are tracks that will remain forever. Finally, I would like to tell you the importance of working hand in hand with the stakeholders. Jones noted that, as an event manager, it is important to work closely with the company you are planning the event for and with the people who will be attending the event (72). You can do this through identifying the target market and getting their opinions on the event. This is important in ensuring that at every planning stage, all the planned procedures are in line with the expectations and needs of the stakeholders.
• Communicate – communication is very vital for the management of the project costs. Communicate to the senior management team about the cost metrics, project reports and all the people that were involved. If costs are not accurate or behind schedule, the teams should address the matter quickly and make sure it’s being resolved before any commencement can take place. 2.2.2 Project cost management activities • Recourse Planning - determining what recourses (people, equipment, materials) and what quantities of each should be used to perform project activities. • Cost Estimating - developing an approximation (estimate) of the costs of the recourses needed to complete project activities.
The scope of the systematic and successful in bringing to deliver quality products is the cost of an agreed and specified in the schedule to stake-holders. (Mirza, MN et al., 2013). Time management can define as ability in planning and complete the project on time. The time management process need deal with the activities defining, estimating the duration of activities, the schedule of activities and ensure compliance to the schedule. Time management is an essential part of any successful project.
In addition, leadership is also a challenge in project management. Project management is traditionally about following best practices, methods, adhering to standards and adapting them where necessary and using processes to move an idea from the concept stage through to delivery and implementation. Furthermore，leaders in project management have a bigger picture view and needs to look at things holistically and they have different focus on teamwork, communication and motivation. This is why leaders are so important. They can control all outcomes of the whole
In other words, Feasibility Analysis assesses the viability of initiating a new value added activity and decide whether the business idea should be started or not. C) What is the effect of the culture in the project? Culture can affect project and its success in many ways. Firstly, culture affects the way in which different departments within the organization interact and support each other in achieving project goals. In other words, the more the organizational culture favor active cooperation between departments, the more the probability of the project's success.
And get the definition of the project to be built is not a trivial task, nor one that is achieved without some errors. The factors that a manager has control over some people, schedule, technology and quality. Delivery by a certain date, it may not turn provides certain functions. A decision may be taken in order "to slip the schedule" (that is, not to keep to the timetable) or known bugs are left in the product. People can be added, although usually that adversely affects the scheduled date.
Project managers are crucial employees in every industry and all types of companies, globally. Project Management itself is quickly becoming one of the most important components within a company. The number of Project Managers has risen as companies have realised the important benefits they bring to the business. As a project manager you plan and organise decisions throughout the project. Project management is valuable to companies, statistics show without a project management, the chances of failure is higher and sometimes the more money is spent on re-doing the project.
Yang et al. (2011) also declare that an increase in the level of leadership of project managers can improve the relationships between project team members and therefore increase the likelihood of project success. Similarly, Fortune and White (2006) state that successful project outcomes depend greatly
Project management, planning and implementation cycle: Planning and implementation of the project is essential for the success of the project. There are much kind of resources like man power, skills, equipments and budget. Planning should be done to meet the goals and objectives of the project. There must be a complete coordination among process. The risks and its management are important for the successful implementation and completion of the project.