In the execution of projects it is important to accomplish the primary purpose of the project but the extent to which this is achieved differs across different projects. As postulated by Jomo and Van Engelen 2005, in recent times they has been a growing need undertake business in a sustainable manner. This needs a role in leadership to be conscious and sustainably lead the business to greater heights. Emerson (2011:1) speaks of sustainable leadership being that which develops rather than deplete materials and human resources, renews peoples morale, enthusiasm and so it is resourceful leadership which eliminates wastage. In addition, this requires leadership’s long term thinking in fostering innovation that adds value to customer, increases
The methodology provides the guidelines which can be followed while managing the whole project. Methodologies helps maintaining balance between cost, quality, time and scope. There are different methodologies available and the choice is dependent on nature of the project and delivery time. So methodology is the path which we are going to follow to complete our projects in given time and ensuring the maximum output. By this we can say that methodology is the key factor of success of a project.
· Divisional approach is a horizontal structure where team members are nominated by top leader to oversee the project and they influence decision making by working closely with the project manager. Multiple people can be nominated during various phases of the project based on the skill set. This is ideal for big
Stakeholders should be identified in the planning phase and a solid communication plan and strategy developed in order to keep people informed and up to date. Effective project leadership requires clear communication about goals, responsibility, performance, expectations and feedback. Roles and responsibilities Defining roles and responsibilities from the outset of a project allows those involved to be clear of expectations. It can improve resource utilisation and help to boost productivity by allowing those involved to plan their time most effectively. Risk Management Risk management is the process of identifying analysing and responding to risks throughout the life of a project.
Setting the objectives must be done before management can identify potential events affecting their achievement. • Event Identification – management identifies potential events that could affect the entity either adversely or presents an opportunity and emanates from internal and external sources. • Risk Assessment – consideration of the extent to which potential events have an impact on the achievement of the organizations objectives. Evaluate the risks that have been identified in order to form a basis for determining their management. • Risk Response – after the determination of relevant risk, management determines how it will respond.
Introduction “Stakeholder management is critical to the success of every project in every organization I have ever worked with. By engaging the right people in the right way in your project, you can make a big difference to its success... and to your career. "-Rachel Thompson A stakeholder can be a person or a group, or an organization that may be affected, or have any kind interest in the project or in project’s outcome either directly or indirectly. Stakeholder management helps in differentiating the project with the others, it ensure that your project is successful and progressive throughout. In stakeholder management the opinion of the most powerful stakeholder is vital for taking any decision.
The Cost Change Control System in a project is a part of the Integrated Change Control System and documents the procedures to demand, approve, and incorporate changes to project cost performance (Figure 1). Figure 1. Good progress cost change When a cost changes enters the system, then there is a need of appropriate paperwork, a tracking system, and procedures to the project manager must follow to obtain an approval on the proposed change. If any changes gets approved for the project, then the cost baseline is updated to reflect the approved changes. For the future potential reference if a request gets denied, the denial must be documented to get clear ideas.
A methodology is a model that is carried out to complete definite aims and to meet the project requirements by planning, organizing and controlling scope and resources. (Anon., 2015) There are various project management methodologies that can be used irrespective of which field. PRINCE2 (Projects in Controlled Environments) methodology will be used for the project management. PRINCE2 is a process-oriented method which is at the present a de facto standard. It is widely renowned and is used in both government and private sectors for effective project management.
It defines the achievements of a project by examining what is expected within set timelines. It is important to obtain variances in performance to manage the scope change control process (Covey 2014, p.95). The variations are obtained by assessing the performance and consistently create comparisons with the scope statement. During scope control, the manager evaluates whether the actual performance achieves the specification of the project. Besides, it is also imperative to analyse the variances to determine the impact of the scope and the quality of the project.
Key Characteristics of Project Manager The undertaking supervisor is an essential IT colleague. This individual frequently has the effect between task achievement and disappointment and assumes a noteworthy part in completing a decent project management. The key characteristics of good project manager comprise: 1- Interpersonal Skills: The capacity to oversee individuals is significant. Project supervisors will eventually be in charge of organising the endeavours of the specialised staff relegated to the task. It's urgent that they have the interpersonal and management abilities to direct colleagues and keep them propelled and on track.