A Research Study On Project Management

Project Management Institute. (2000). _A Guide to the Project Management Body of Knowledge (4th ed.)._

Project Management Institute, Inc. (2008). A guide to the project management body of knowledge (4th ed.). Newton Square, PA: Project Management Institute (PMI).

The VP of marketing, Lori, selected Elliot Wood as the project manager for the Video Game Market Research Project. Elliot had previous project management and market research experience within the company, and he also was an avid video game enthusiast. He still had the Atari system he used to play in high school, and he enjoyed playing newer games with his two children. Elliot, however, was wary of doing business on the Internet and refused to make any of his own purchases online. He also did not let his grade school children use the Internet unless they were

Even though the price would be lowered because of the bad weather as per the tying in price and weather policy, not everyone would still want to go away. Either it needs to be explained clearly on the website that undesirable weather will not entitle any customer to a refund or to change or cancel their booking without penalty; or the policy must be clear in whatever the company decides is fair. For example, it may state that if the weather is unpleasant can change (but not cancel) the booking to another time.

The future of project management will require a shift from a low indecision, low vagueness approach to a high attentiveness, high decisiveness approach where change is the standard and decisions have to be made quickly and decisively. Projects are becoming global with scattered multi-cultural teams being the standard. Earning a PMI certification demonstrates an understanding of complex project management concepts, an ability to lead and manage multi-functional teams and enters you in a global community of professionals and experts.

The 2000 edition of the Guide to the Project Management Body of Knowledge (PMI,2000) states

According to the Project Management Institute (PMI), the world’s leading association for project management, it is the application of knowledge, skills, and techniques to execute IT projects effectively and efficiently. A well-planned and executed project, that meets its goals, timeline, and budget, is a strategic competency for organizations, enabling them to tie IT project results to business goals — and thus, better compete in their markets.

Institute, Project M. A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition, 5th Edition. PMI, 01/2013. VitalBook

The PMI, or Project Management Institute, the world’s biggest non-profit membership association for profession of project management. PMI is actively engaged in advocacy for the profession, setting professional standards, conducting research and providing access to a wealth of information and resources. PMI also promotes career and professional and offers certification, networking and community involvement opportunities. For more than 46 years, it has advanced the careers of practitioners who have made project management indispensable in achieving business results.

This principle is an extension of the management principle and is needed for effective management of the project commitment. Clear communication is very important for the coordination of a complicated project activity.

A project is determined by a start and an end. Before the project started the work does not exist. During a project the work does exist. When the project ends work no longer exist. To determine if something can be identified as a project it must have certain characteristics. They include a defined scope, finite budget, deliverables (specific end results) and assigned resources. During a project there are interacting processes. The initiation process starts the project and identifies the organization’s commitment to the project. The planning process defines the objectives and the scope of the project. The processes must be executed which coordinates the resources that are needed to carry out the project plan. These processes must be controlled or monitored in order to take corrective action if needed. Finally, there are processes to close out the project which include acceptance of the deliverables that were identified.

The evolution in institutes and association in project management had Initial activities concentrated on information exchange and project practices but soon expanded into the area of certification. The requirement for certification standardization by the associations - first PMI in USA, and later APM in UK, developed their own reference documents. The first version of its (Guide to the) Project Management Body of Knowledge in 1976 and reviewed by 1983 was produced and Various other national project management associations produced their own versions, in some cases quite different from PMI‟s. these BOKs were developed over the period 1976 – 2001 [Morris et al 2006]. PMI became the primary basis of certification program in the mid 1980 's with further updates in the upcoming years. On the other hand, Professional Standards Group (PSG) of UK Association of project managers (APM) leads to development of APM’s body of knowledge. The content of APM’s BOK was dictated by APM certification programmer, which made document to be the bedrock from which aspects of education and training of project managers are addressed. By questioning individuals in various industries their use and understanding the 44 ‘topics’ of project management which have been complied by various systems of Body of Knowledge ‘elements’ used by APM (G. Themistocleus, 2000) APM‟s early BoKs were academically led and one later version had a research based

PMBOK helps all members of the organization or the project management team to perform their function effectively. Under normal circumstances, one department of a company may response for a specific process in one way while other department implements different steps. PMBOK provides a framework to every department so that every unit can efficiently focus on their part of project.

Change-management is the implementation of planned processes which are performed in a way that benefits the institution without negatively impacting personnel as a whole. Employees can be resistant to change, and the idea of change management is to effectively apply changes to an organization without adversely affecting the workforce. Benson pointed out that within systems change models, “any change, regardless of size, engenders a ripple effect on the organization (2011, p.38). The organization

The proposal writing process is multifaceted, encompassing both the actual submission of a request for proposal as well as the management of the implementation of received funds. Through class lectures and assigned readings, we’ve discussed the various aspects that make up the process of grant writing. Through this essay, I will explain this process as it leads up the management of the project once funded. Furthermore, this essay will explain how to ensure that the proposal submitted addresses key aspects necessary for the project to be implemented in line with best practices for project management.