Advantages And Disadvantages Of Project Management As A Discipline

In the current business environment, the demand for project managers is ever growing. In short, project management is a provisional project constrained by time, cost and scope (A guide to the project management body of knowledge, 2013). Between the immense organization, optimization, and communication assets skilled project management brings to a project, it is easy to see why project management is a booming field of study. Furthermore, project management can be both financially and personally rewarding when long term milestones and goals come to fruition.

At this milestone of the project, I could have pushed the issue of the major change proposed by the Philippine Army, this new problem affected; project scope management, project time management, project time management, project human resources management, project risk management and project stakeholder management. However, the “Internal Customer” would have been upset and made life difficult on

Time planning and budgeting also defines if the project managers are an effective one or not. Projects have time limits and if the project manager cannot make sure that the project finishes in time it is for sure that the cost for the project will be much higher and cross the budget that it was supposed to be. Understanding the life-cycle for project

When trying to plan, work on, and finish a project, I would make sure I went through the five major variables of the project management before doing anything else. Making sure we have the money,

Although it may be temporary, a project is an exclusive endeavor initiated with a defined start and finish point and a set number of tasks that need to be completed to reach a possible set or unset finishing date. In project management, we carry out a group of tasks with a defined set of skills, capabilities, and philosophy acquired over a set period, while developing a finished product for the projects sponsors and stakeholders. There are a set of fundamental processes involved with project management:

All project managers (PM) want their projects to meet all requirements in a timely and cost-effective manner. However, project failure is common in project management because of undefined uncertainties throughout the project. There are many reasons why projects fail and each project can have its own set of complications. Sometimes it is a single incident, but more often than not, several issues that develop over time during the project combined cause a failure. A good project manager must be able to recognize indicators of failure and take action quickly. This paper will discuss six common reasons for project failure and insight into how to avoid them by addressing them immediately and efficiently.

During the project management process the triple constraints of scope, cost, and time play a key role. The project manager must work to control corporate resources within the constraints of time, cost, and scope (Kerzner, 2013, p.845). A scope of the project consists of the planning process that outlines all of the work that must be done to complete the project (South University Online, Scope section, 2016, para. 2). The scope of a project can become a constraint if an unplanned issue occurs that creates more work. For example, if an individual is replacing their window. The scope of the project only involves the labor need to

Projects are being born all around us and can be found in every facet of life – they can range from say the relatively simple task of organising and executing a dinner party to mega projects such as the construction of the Channel Tunnel. This paper aims to investigate some fundamental questions relating to the make –up of the project lifecycle, failures that can occur within it and the effect that good project management

There are many shortcomings of this method and the unacknowledged compromises made during this process are many. In order to get an initial budgetary allocation, rough estimates must be made as to the cost and timeline of the project - quite often without gathering complete (or any) requirements for the project. While this may be useful for making rough comparisons with other projects competing for funds, it isn 't historically as accurate as it should be. Accordingly, with the requirements neither clearly nor accurately defined at this stage, these estimates are highly prone to error. After the project is funded, earnest requirements gathering and assessment begins, and project manager(s) begin to determine the best path to "finish" the project in the promised time frame without going over budget. With the bulk of requirements definition, collection, and interpretation occurring after budget allocation, projects ultimately must make the compromise to produce the most effective features possible with the budget that was

The top ten factors for a successful project are, user involvement, executive management support, clear statement of requirements, proper planning, realistic expectations, smaller project milestones, competent staff, ownership, communication, adequate support and resources.( Iman Attarzadeh and Siew Hock Ow)The ten factors that cause a project to fail are, poor planning and/or inadequate process, inefficient way to document and track progress, poor leadership at any level, failure to set expectations and manage them, inadequately-trained project managers, inaccurate cost estimation, lack of communication at any level, culture or ethical misalignment, competing priorities and disregard of project warning signs (Lim, 2012). Iman Attarzadeh and Siew Hock Ow, also have another list that identifies project challenge factors. These factors are identify as, lack of user input, incomplete requirements and specifications, changing requirements and specifications, lack of executive support, technology

Projects these days require extra monitoring to retain efficiency in project during its production, they are always tricky to organise but they get worse when project managers are under pressure to deliver a successful outcome within specified constraints. However, in recent years, there has been an increasing amount of literature consistently showing that projects often fail by going into frequent cost overruns, delays,

In order to create any project, some sort of equipment and facilities are needed. This might include hardware, software, machines etc. If the organisation does not have any sort of equipment, then they need to order and install it as soon as possible or otherwise they won’t be able to progress in making the

All projects are unique and have constraints, resources, stakeholder, and different results that need to be achieved. These usually need to be achieved in a specific set of time. To have an accurate estimate for projects, project managers focus on planning and controlling, thus ignoring the preparation for any unplanned situations. Project management is applied to a variety of different projects and there are different approaches that can be utilized for specific projects.

After reviewing the project management student group request, a risk assessment was used to determine all of the projects risks and constraints. One of the main project constraints is the lack of budgeting; the project was allotted no budget to get the ball rolling and no budget to keep the program running. Without a solid number for a budget, the project manager will be

I am pretty sure that the reasons I mention above can be enriched to a macro level with many arguments why the phenomena happen. Here below is a couple of examples of my of my reflections why EVM wasn’t used properly: