On 10th April 1912, the biggest ship in the world; the Titanic made her maiden sail.The project which had endured for three years provoked many questions regarding how it was managed when the ship sunk four days later killing 1500 people.In the same year, the Pyramids at Giza that were built in twenty years were approximately 3800, years old. The success or failure of these two projects depended on the project management conception to completion.This is referred to as the life-cycle which shows the outline of a project from its conception to its completion and improves its oversight by dividing the project life into five phases: Initiation, Planning, Execution, Monitoring and Control, and Closing while giving a distinct outline of the activities …show more content…
A project life-cycle also gives a generic and easy framework.This makes the communication to the various stakeholders i.e. the organization’s shareholders who may be well unacquainted with the in-depth details of the project easier.The distinct outline of the project life cycle and effective project oversight are one among the factors that translates to how successful a project is when completed.The essay aims to discuss the relation of project life-cycle phases to successful project management while outlining the activities in each phase of the life-cycle. The essay will also test the project life-cycle and the risk of the …... and their relation to helping …...company meet its strategic …show more content…
It depicts the consummation of the plans and activities outlined in the project charter and proposal. This makes it the longest phase as observed in large infrastructure projects a case in point given by (Koster, 2009).Whereby, the implementation may take six years while initiation and planning may both take three years; since in this phase, project objectives become tangible. As it is physically constructed and for this to happen many resources, energy and time are needed. Ten factors critical to the success of project implementation and bringing it to life as discussed by (Pinto & Slevin, 1987). These include clearly defined objectives, a competent project manager and team, top management support, sufficient resource allocation, adequate communication channels, well-established control mechanisms, excellent feedback capabilities and responsiveness to clients. An analysis of these factors shows that project managerial efficiency is vital for the successful execution of a project. For the project management to be efficient, it is crucial for the project manager to establish that these factors are either strategic or tactical. Subsequently, find a middle point that empowers him/her to be both an ingenious strategist and an adept tactician. The strategic factors; clearly defined objectives and executive management support drive and shape the tactical factors; client consultation, sufficient resource allotment, sufficient
In her article, Bethel compared our culture to an iceberg. This simile (comparison) was noted several times. She says “Imagine culture as an iceberg,” “But like an iceberg, most of culture exists below the surface,” and “Like an iceberg, culture exists below the surface” (Bethel, paragraph 6). For all those that has watched The Titanic, you should have remember that this huge cruise ship was sunken by an iceberg. Thus, one who has looked closely at an iceberg, would know that only about 10% of an iceberg peaks at the surface and about 90% is below the water.
The project is about developing a civil engineering software. The main risk this project would have to be scheduling. Since the project has exactly the required resources it would be important to make sure that before completing the planning process the project team must make sure that their schedule are planned in order to complete the project in time. Since, even a small scheduling mistake would cause the project to be delayed which could increase the project’s budget.
The Board also confirms the company’s strategic
With that, organizations have to establish a certain goal and define the strategy and direction of which the organization achieve its success. Every organization possess a strategic goal and in order for the strategic goal to become reality, strategic plans are established. Before entering the United States Air Force, I worked at a company called Beau Chene Landscaping. After working there for multiple years, I got an idea of where the company wants to go and how it would accomplish it. With that said, I will be sharing the company’s main strategic goals along with its strengths, weaknesses, opportunities and threats followed by recommendations.
“A company’s strategy explains why the company matters in the marketplace by specifying an approach to creating superior value for customers and determining how capabilities and resources will be utilized to deliver the desired value to customers” (chapter1, pg2). We started off with our mission statement, just like any company we wanted to be the best in everything. Every area was assigned to someone else for them to manage it. In the marketing portion we agreed on advertising our products and finding the right customers by offering great deals.
By creating and maintaining a strategic plan, the company can reduce the majority of risks that may occur, any errors that may arise later on, and can protect the company of any issues that may affect the economy, which will in turn cause a problem with business. It has already been established that Riordan is leading the plastics manufacturing industry, which shows that their plan is working, and that they have the competitive advantage in the industry. Competitive
The titanic was a very tragic event that killed many people. In this article about the titanic I will tell about how the titanic was built, how and why it sunk and the impact it had on history and the people involved in this tragedy. The titanic was a very big ship, in fact it was the biggest ship ever built in the world at the time. It was 882 ft long and 92 ft. wide.
INTRODUCTION The application of information, expertise, tools, and procedures to project activities to meet the project requirements is known as project management (PMBOK 2008). Alternatively, project management is the process in which projects are well-defined, planned, supervised, organized and conveyed such that the agreed features and requirements are fulfilled (APM BOK 2006). Success of IT projects is very much dependent on providing the anticipated product at the projected time, within budget, its desired performance levels, acknowledged by the client, offering at least the minimum agreed functionality i.e. meeting customer satisfaction, and delivering the promised benefits (Dalcher and Brodie, 2007).
The influence of organization structure on project portfolio success, effectiveness and business efficiency for project based organization. Introduction Effective management is known for its proper management of its projects and tasks . This includes various things like; increase the revenue of the organization by selecting realistic project and improving structuring which leads to better internal efficiency and external effectiveness and success.(Artto and Dietrich,2007). This paper considers many things like influence on project portfolios within organization and other extensions ,represented by project department or business units.
Recognizing an organization’s mission and values in the strategic planning process is always the first step. To a few organizations, this step would include revisiting and occasionally reworking the mission and values if necessary. To some organizations, it would be the first time they are sitting their mission and values. “Mission statements define the nature, purpose, and role of organizations; focus resources; and guide planning” (Keeling 213). They represent the route wherein the organization is proceeding.
The ship never made it to its final stop. The Titanic sank on April 15th 1912. The Titanic’s hull was the largest man-made movable object in the world. Titanic’s 29 huge boilers powered the ship’s two main engines.
1- Introduction. It was the night between the 14th and the 15th of April 1912. The British ocean liner Titanic, described as " unsinkable " by the builders and the ship-owners, sank due to a collision with an iceberg in the Atlantic ocean , ending with a tragedy that cost the lives of 1517 people ( 2223 in total ) [1]. What went wrong ?
To organise for project management requires an understanding of the organisation’s architecture which includes the organisational hierarchy - the grouping of internal business units, the authority lines and interaction with one another. Each of these aspects should be designed to support project management within the organisation. Structure should follow strategy or else it may impede communication, coordination and decision making which are all key to success (Brevis, 2014, p. 224). Hence, an important function of upper management is to support project teams by either redesigning the organisation to emphasize projects or integrating projects into the current organisation (Graham & Englund, 2004).
Therefore, to complete the project on schedule it is the vital path and therefore the tasks theater a part of it that has to be managed most closely. As vital path, tasks are the foremost vital tasks of the project because of any delay within the vital path tasks can delay the whole project. Therefore, those tasks ought to be taken further care to complete among the timeframe. However, there are some factors like natural disaster that cannot be controlled.
The principle reason that motivated me to pursue the MSc Project Management course is the appeal and challenge Project Managers experience in delivering assignments they undertake in their career. The qualification, indeed, lead to very smart and modern careers for graduates who love challenges, creativity, leadership and success. As a graduate of Mathematics, I have cultivated these features in my student life. Now, for my master level of study, I would like to take my chance of attaining formal skills in the area of project management. From my research, I see that Project Management is the application of skills, knowledge and techniques to meet the objectives of a project and stake holder’s expectations.