Advantages and Disadvantage Funtonal, Matrix and Dedicated in Organizational Structures

With the exceptional growth in technology, the present day projects are often large and complex involving a significant risk. So, a Project Management Methodology enables the delivery organization to handle these projects comprehensively, systematically and in an integrated manner, which results in strategic, tactical and operational benefits.

‘Project management is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements’ (Project Management Institute, 2009, p12). Once a project has been approved a project manager is assigned to the project, and ‘is expected to integrate all aspects of the project, ensure that the proper knowledge and resources are available when they are needed, and ensure that the results are produced in a timely, cost-effective manner’ (Meredith and Mantel, 2010, p5). In order to allow this to happen there are several key aspects of a project which need to be carefully thought out and controlled.

In this paper the word ‘project” is defined, discussed and elaborated on. The phases of a project lifecycle and its purpose are to be discussed, and how it is important for organizations to use project management to accomplish tasks will in conclusion be discussed thoroughly. The indisputable word ‘Project” may be defined in numerous unusual ways, some can all have the same meaning and others can mislead a reader. The definition that accurately explains what a project is, comes from the Houghton Mifflin Company (2009) website stating; “something that is contemplated, devised, or planned; plan; scheme.” A definition that can mislead a reader is this definition from the same website just two paragraphs

Project management requires a solid management plan focusing on scope and scheduling risks, communication, good decision making, how to deal with uncertainties, ethics, and to utilize the situational leadership style. I feel that it is required to adapt and understand the type of

The purpose of this Critical Thinking assignment is to provide a high-level familiarization with the various terms and concepts that surround project management. A student lacking previous exposure may find even the introduction from the course book a little daunting. With a little Internet browsing the student is exposed to a wide variety of project management topics and will develop more of a comfort level with the field.

When considering project management and the project life cycle, the process of identifying risks that could have a positive or negative effect on the outcome of a particular project should be considered. All project managers and project teams need to have a good understanding and knowledge of these possible risks in order to plan ahead and increase the chance of project success. This paper discusses the process of risk identification, evaluation, and management in a project and demonstrates why this process is needed to help ensure project success measures such as budget limits, deadlines, and stakeholder satisfaction are achieved.

The way a project is conducted can have a significant impact on the success (PMBOK, 2013, p. 1) and that is why best practices for project management are needed. A project’s goal is to create a product, service, or result, which can be tangible or intangible, but always needs to have a clear beginning and ending (PMBOK, 2013, p. 3). Even though every project is different and unique, all projects are created for long lasting outcomes (PMBOK, 2013, p. 3). Because of these reasons, projects need management. Project Management is the application of knowledge, skills, tools, and techniques that guide the project to meet its purpose (PMBOK, 2013, p. 5). There are five process groups that are: initiating, planning, executing,

In the first paragraph of chapter 2 ‘Project Management’, the traditional way of project management is explained. The basic idea behind the traditional approach is that projects are relatively predictable and the goal is optimization and efficiency in following a project plan to finalize the project within the triple constraint (Spundak, 2014). The traditional approach emphasizes that a uniform way of doing project management is the main reason for why it was introduced; however, prescribing that the same methods and techniques could be applied to all projects in the same way, especially when companies are getting more innovative, is not quite realistic anymore. ‘Projects become progressively complex, with a higher number of tasks and complex interrelations, while the traditional project management approach is based on mostly hierarchical and linear task relations and cannot properly reflect all complexity and dynamics of today’s projects’ (Williams, Thomas, & Hodgson, 2006).

The idea of project management is a broad, and vital part of the professional workplace. Often, project management is neglected by most, and its function within society including business, families, and schools is important to the progress of success in all areas of life. The origin of project management is to create a group of individuals, small or large depending on the size of the company, and use their combined efforts to complete an objective. Every business, company, and organization has a different technique when it comes to appointing a project manager, or managing a project as a group. However, these institutions often use a basic set of principles that have been shown to be helpful in completing a project.

There are numerous project management methodologies available for project managers to choose from. The best process or methodology must take into consideration the unique aspects of the project, including factors such as staff size and system criticality, as determined by the project manager and the core team (Cockburn, 2000). From my vantage point, the primary concern is the team member buy-in and keeping the process participatory, while managing the interaction, communication and contributions from the various team members towards the fulfillment of the objective. It also goes without says, that meeting time, scope, costs and performance, and quality standards are of the utmost importance; to guarantee that the final

The Association of Project Management (APM) defines a project risk management in the following statement: “All projects, programmes and portfolios are inherently risky because they are unique, constrained, based on assumptions, performed by people and subject to external influences.” (APM, 2012) The factors which affect these risks can be split into three areas (Thamhain, 2013): processes, environment and the people. This essay shall address each of these areas and how they interlink

Project planning can be an effective risk management tool as (Zwikael & Sadeh, 2007) labelled that “In order to increase the chance of project success, project managers are motivated to reduce risks by implementing better

The discipline of project management is involved in variety of industries. According to Linde and Steyn (2016), “Projects are structured and mandated according to the needs of the organizations within which they function; thus no two projects are the

Project management, is a strategy that works proportionally with the effort put into it from every aspect, whether it’s human resource, Physical resource or time. The skill and knowledge of an individual/team put into the application of techniques, and the tools and materials for the realisation of the project should all be taken into account to build what is called a successful project.

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.