A) What can you understand from "project management" in your opinion?
Before talking about project management and what does it mean, I will begin with defining the main word "Project". The Project management Institute (PMI) defines a project as "A temporary endeavor undertaken to create a unique product, service, or result." (PMI, 2013, p. 553)
Therefore, for achieving the best result for such endeavors, we need a systematic approach that translate our goals into defined objectives and help us organize and plan the tasks and resources needed to accomplish these objectives. In this context, project management offers a valuable framework that define the timetable, budget, scope, and resources needed to achieve the desired outcome of the project
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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.
Second, "the organizational culture affects the level of employee commitment to the goals of the project on balance with other, potentially competing goals." In other words, the more the organizational culture promotes employee commitment (such as working extra hours) toward achieving project goals, the more the probability of the project's
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The first step is determining the risk factors (such as financial, technical, execution, legal risk) that can significantly affect the project; this could be done through "brainstorming meetings, expert opinion, history, multiple assessments". Once the risk factors have been identified, the project manager has to determine the potential impact and probability of these risk factors. After that, the project manager has to seek strategies for mitigating risks with significant impact on the project execution and outcomes; this could be done via multiple strategies such as accepting the risk, minimizing risk, sharing risk, or transferring risk depending on the situation. The final step is to document the knowledge base for upcoming projects based on lessons learned from the current project to avoid mistakes previously
In order to prevent this risk the project’s team planning process should finalize every single detail of the project before starting the development stage so that the development process is allowed certain flexibility. There are some number of positive risks associated with this project. The major risk would be about the development of a new design for the civil engineering software. This process would most likely to occur during the software development process because, sometimes the current working design may not be that user-friendly, which could be only found out after a certain time into the developmental process or sometimes during the beta testing process.
Project feasibility is determined from the potential of the possible project for this company. A project should not be started unless the proper analysis procedures have been researched to determine if the project is feasible or not for the organization or company. Every aspect of the project must be researched in order to determine total feasibility. The Kudler Fine Foods Frequent Shopper program was projected to serve as a program that benefited loyal customers. This project is based on the daily account of every purchase that is made and tracked by custoemrs who sign up.
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).
Business culture can affect how well a business will prosper. Boost Juice will fail if it has a negative attitude. For Boost Juice to be successful it requires dedicated, enthusiastic and co-operative staff that strive together towards achieving the same goal. If a business has a positive business culture more customers will return. Boost Juice has a very positive attitude and business culture greatly affecting its profit.
The Importance of a Company’s Culture The culture of a company is one of the most important and sometimes overlooked factors in an organization. The culture can increase employee engagement and increase productivity which will allow a company to reach its goals, “From productivity and engagement in the organization’s day-to-day, to an employer brand that naturally fuels recruiting efforts, to creating a lasting brand that customers immediately recognize, there’s no escaping it – culture radiates outward into the marketplace” (Straz 2015). The culture can have a great impact on the employees. Employees thrive in a positive working environment and the ability to engage with their managers without fear of retaliation.
e. How would you gauge the project’s success? Could success be measured? If so, when? Ans.
Main Management Methodologies and Differences between them Difference methodologies used in project management are, PMI PMBOK PRINCE2 Agile Waterfall Approach Depending on the project size and the type we can consider one of the above and can argue one is better than the other. PMI PMBOK This is a method produced by project management institute and revised and printed every four years. It includes following identified knowledge areas, Project Integration Management Project scope Management Project Time Management Project Cost Management Project Quality Management Project HR Management Project Communication Management Project Risk Management Project Procurement Management PMBOK Application on construction industry can be shown as
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).
The two main risk assessment tools mentioned above (Risk Assessment Matrix & Risk assessment Data Sheet) can be applied at all project levels; the whole project level, the sub-project level, and at the tasks level that are performed on a day-to-day basis. In the risk assessment process; risk assessment will be performed by a special team consists of technical staff, project managers, field staff, operating members, and selected customers and suppliers and other stakeholders in accordance with the project elements and their impact on the project completion rate (project baseline hierarchy). The project leader will select and assign a schedule through it he can lead his team members and document the results of the risk assessment session step
Leadership is function which deal with people and turbulence, and provide guidance for future changes and create long term vision, Commander is also responsible of how to create team, lead it and share responsibility and power inside team Management in general is related to stuff and numbers, with tasks related to planning process, short time related tasks and create roles and procedures in team. Management is also responsible for creation of products and for quality of control for subordinates and resources. My last position was Chief of staff and I was in role to apply all those management functions and principles. Command, as specific function for military environment, include whole complex issues. For tactical level it is more related to leadership but for strategic level is more management.
The plan details specific actions that relevant parties may consider to help identify, access, and the threats to the given project. Often, the risk management plan comes as a subsidiary of the main project management plan and specifically concerned about managing the risk within and without the project (Blyth, 2012). A risk management plan can be understood as a response plan for the project owners specifying how to act, once the risk
TASK IV: PARTNERSHIP IN PROJECT MANAGEMENT Partnering is a project approach designed to allow the construction process to be performed within an atmosphere of mutual trust, commitment to shared goals, and open communication among the partnering members while working in harmony toward mutual goals in order to avoid claims and litigation and establish a win/win management approach. For the complex and large-scale Atlantis project, the contractually associated construction partnering between Laing O’Rourke and NORR along with various other members like Rockwell Group, WATG, EDSA, helped to create working relationship among all of the team members based on mutually agreeable plan of cooperation and teamwork to improve productivity. The main objectives of Atlantis project partnership included reducing project costs and schedules, eliminating change orders and claims, improving communication by developing
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.
Reflective Journal Student Name: Talita Silva Lima Programme: Higher Diploma in Science – Cloud Computing Month: July 1. Project Management In this section I will explain in detail my project management through a Gantt Chart and what I have done since my last journal until now, how my time management is going in order to delivery this project before the deadline and some of my achievements.
Organizational culture and its effects on the success or failure of the organization. • Type of the organizational culture, and its seven primary characteristics of culture. Each organization has its own culture that builds up the atmosphere inside and between the workers and gives it its own impress. An organizations society suggests plan or a system of shared essentialness held by people that perceive the relationship and differs the organization among others. There are seven vital characteristics that seem to get the substance of the belonging to the company which are: 1.