Furthermore, they need to have an aggressive leadership role in their work environment. Those with a leadership role that strong will naturally command authority and they will make sure their team doesn’t buckle from the weight of the project. Moreover, if a project manager has all the characteristics of an effective project manager then finding a fitting job won’t be difficult. When it comes to finding a project management job, it’s not hard. Large businesses and even small business or schools, for example, will all have a need for a project manager.
It is not uncommon for projects to lead to serious and costly (technical, financial or commercial) failures, to a degradation or questioning of their main objectives (costs, deadlines and performance), or even to their pure and simple abandonment. Managing Project Risks is so important that Governments and businesses take it seriously so they can reduce the cost of their infrastructure investments by more than $5 trillion by 2030 if they improve how they manage the risks inherent in large projects (Wyman, 2012). That is why Managing Project Risks has become important, even a major concern for many project managers in recent years. To carry out the project according to the forecasts, it is essential to set up a risk management in order to look for the weak points in order to think and consider the solutions to the actions to prevent the risks. Risk management attempts to recognize and manage potential and unforeseen trouble spots that may occur when the project is implemented (Erik W. Larson).
The main purpose of project risk management is to obtain better project outcomes by reducing risks and capturing opportunities and thus leading to project success. It is unlikely that a project will be successful without effective project risk management. Voetsch et al. (2004) showed the statistical relationship between project risk management processes and project success. Artto et al.
2. Organizing and motivating a project team A project manager is expected to focus on the project team as they are the key resource for a successful project. The project manager is responsible for formulating a plan which aids team skills and performance in achieving the project objective and goal. It is the job of the project manager to guide and direct his team and encourage them to harness their full potential (Mrsic, n.d.). 3.
Following a specific methodology for managing a project, provides the assurance that the job will be done in time, under budget and on specifications. So project management methodology is a must in order to reduce, if not avoid, risks, and is one of the most critical success factors. It can be similar to a guide that helps the team work efficiently through the processes and tasks of the project and the execution of all the phases from the beginning to the end. In other words Project Management Methodology determines the best way to plan, control and deliver a project throughout the continuous implementation process until successful completion and termination. Typically a methodology provides a skeleton for describing each step and detail of
Preplanning process in a project is starts before commencement of the project. In the preplanning stage project manager and all responsible persons of applicable project have to identify what are the risks can occur in different stages within the project. The risk identification is normally starts the project before initiated but risks can increase when the project is running and matures with time period. Risk can define as an incident that has a how much probability of occurring, and how much the impact whether it is negative or positive for the project. A one risk can make a one or more impact to the project and risk managing has to do when project is ongoing.
Without the logical approach to deal with undertakings and achieving targets, it would be difficult for the organizations to complete the projects within the constraints of time, scope and quality. At the end of the day, there must be a system and a characterized method for getting things done to guarantee that there is a structure to the art of project management. By utilizing the techniques for project management as depicted in PMBOK, associations can try to accomplish the objectives and make sure that the expectations are met. The contending demands of time, scope and quality is upon the project manager and how well he deals with these requirements goes far in deciding the accomplishment of the project. The consequences of lack of project management include: cost overruns, conflicts between the team members, unclear objective of the project, missed deadlines.
The control stage also begins necessary and need to continuously monitoring form here. The role of project manager is very important to help their team keep track on the activities, solving problems that occur to ensure the performance and progress. For instance, project manager will supervise their staffs, provide the necessary tools and resources for activities. Project manager also will review the performance of the project at the current position and notify stakeholders to take adjustments if there is a change (Miller, 2018).Closure stage, before closing out the project, project manager and team members need to review performance and compare the achievement goals to initial targets. If all the targets are met then the project manager will gather and finalize all results of the project and delivery all document for higher
As part of managing the health and safety of people, risks should be controlled. A risk refers to situations where outcomes are uncertain. There is no sector of life, business, the economy or the environment that is immune to risks. Prior to controlling and managing risks, it is important to know the nature, the likelihood of occurrence and the magnitude of risks (DEAT, 2006). Botkin & Keller, 2014 defines risk assessment in toxicology as “the process of determining potential adverse health effects of exposure to toxic materials”.
CHAPTER 3. SAFETY RISK ASSESSMENT IN MINES Risk assessment is the procedure used to focus probability that individuals may be exposed to a damage, sickness or infection in the work environment emerging from any circumstance distinguished during the hazard identification process before attention or execution of control measures. Risk happens when an individual is presented to a hazardous circumstance. Risk is the probability that introduction to a hazard will prompt a damage or a wellbeing issue. It is a measure of the likelihood and potential seriousness of damage or harm.