Such as time management, going over the budget, inability to get along with co-workers, corrective actions, extra unneeded effort of workers, unclear priorities and poor team morale. Due to these possible ramifications and more of such project management, project management is a vital aspect to the success of a project. With an effective project management, it aids in meeting or exceeding customer expectations, and gives ultimate use of resources and build a strong foundation of confidence for more upcoming projects. In my personal experience, to have a successful project, you have to follow a planned project management life cycle. Any and all projects can be supported with the project management life cycle.
What is Project Management? Project Management is the utilization of project planning, funding for the project, evaluating how to maximize profit, how to save time and how to use skills and tools to achieve project goals. Project Management is an interconnected process, meaning that all business activities take place in evaluation and coordination of the process of Project Management. If a company decides to start a new project, the idea must be analyzed by a decision-making team to see if the new product or service will bring benefit or not and if the project is necessary or not. After evaluating the idea, a project plan must be set to help identify the goals of the project and help the team to know how much is the budget, what resources can
Project management is a specialty of general management. There are two traditional definitions of management. The function definition says that management covers the planning, organization, personnel, management and controlling. Another common definition states that the administration is always done by working people. Modern project management always involves working with people performed, unlike traditional hierarchical approaches.
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.
However a project manager must be wary of people within his team taking advantage of his or her willingness to get involved hands on with the project. It could lead to workers to thinking that the project manager will pick up any slack left by them. A good project manager will find a middle ground that will allow him or her to get involved but letting the workers know he is still the
Individuals perform only tasks in which they are most proficient. Answer B Impact of organizational structure on project management effectiveness Project Management is about managing available resources within constraints of cost, time and performance. Organization structure has a big impact on project management effectiveness, as it influences the organizational culture, communication, and chain of command. According to PMBOK guide by Project Management Institute (2004), project management may be defined as a process of achieving project goals by effectively managing individual skills, communication and coordination with the help of organizational structure. Projects management in pure product organization In pure product organization the product manager has complete authority to manage all project resources including allocation and merit reviews.
I have learned a lot of things from this program. Below are some significant personal lessons learned through the program: 1.Practicing communication skills There is no doubt that communication is the key to the success of the project management. As a project manager, you may meet varieties of communication challenges including communicating with the global team or virtual team. Selecting appropriate communication methods or understanding the communication channels are all basic skills that project managers should know. Therefore, project managers should practice their communication skills to ensure the success of the program.
As a project manager, he must be good in conducting a business with the client and this will require good business skill. Excellent time-management skill within a project manager is also essential. In the construction of a project, the project manager must be able to plan, schedule and well manage the construction period for the whole project. The project manager would possible able to speed up the time needed for the project to be finished when he manage it perfectly. 9.
Considering that each project is individual and project management experiences can only be gained in practice, raison d'etre of project management seems superfluous at first sight. Of course, a theoretical description or only presenting good examples is not enough. Project management education and training shall develop project management competencies, i.e. enable the future project managers to solve the potential problems of any aspects. Problem formulation 2.1 Concept of project management However, the basic concept of project management is relatively uniform, literature dealing with project management shows a varied picture including the designations and the highlighted points.