Classical And Classical Project Management

The paper is divided into three sections, the first of which will establish a timeline of events. This project background will serve as a case study for the analysis in the following section that will be structured such that each of the previously mentioned facets will be independently analyzed and contrasted with project management principles. Finally the paper will conclude with a summary of the analysis and recommendations based on

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.

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.

As the world is chaotic (Djavanshir and Khorramshahgol, 2006) it is impossible to always predict the future accurately. Teller at al (2012) describes project management as balancing the “iron triangle”, where changes to any one of the planned costs, quality or scope will change the other elements. Risk management allows contingency to be put into project plans, (APM, 2012) minimising negative effects and maximising the benefits of uncertainty.

This paper was prepared for Fundamentals of Project Management, Module 2 Check Your Understanding taught by Dr. Levern Eady.

In this paper, I, a student of University of Phoenix will explain and discuss project management. I will address three main points. I will first answer what is a project. Secondly, I will discuss what are the basic phases of the project lifecycle and their purpose. Finally, I will explain why it 's important for organizations to use project management to accomplish tasks.

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

Historically, project success has been directly tied to the Iron Triangle of cost, time, and quality. While most of the articles reviewed for this study refer to these standards for success criteria, the overwhelming majority find that they are not enough to fully define what success is. Atkinson (1999) defined two types of errors in project management and places using the Iron Triangle as success criteria into the category of not doing something as well as it could be done. This comes from an understanding that projects that meet cost, time, and quality requirements can still be considered failures while projects that run over on cost and time can still be considered successes (Belassi & Tukel, 1996; Dvir & Shenhar, 2003). Anton de Wit (1988) found that success is time dependent and that a project may be perceived a success one day and a failure the next.

Until 19th century, in an industry, almost all the projects were handled by engineers themselves. Halfway through the 20th century, project management evolved as a discipline in the field of engineering, construction, manufacturing and defense. As industrial evolution took place complexity of the projects undertaken by industry increased and organizations began applying management tools and techniques to plan these complex projects. Nowadays, from past 30 -40 years, project management has been integral part of almost every industry. Be it a pharmaceutical, IT, healthcare or government agency; project management thrives in it. Hence surely, it has changed the face of industrial project in terms of planning, organizing and controlling the resources to achieve the desired goals. And it will continue to do so in future. The article supports the claim that industrial project management has changed over the years and will evolve more and more in the future also.

(Richardson, et al. 2015) Unfortunately, there seems to be a lack of formal training and preparation for individuals who assume these roles. It would seem that this trend will soon be changing; however, as evidenced by the increasing number of members in professional PM organizations and the push from higher education towards a formal path along the PM career line.

Management of a project is linked with the planning and managing of change in an organization, but the project can also be something that is not related to the business. It can be a domestic situation like shifting a house or a wedding plan. Therefore, the methods and tools of project management can be even more useful than one can imagine. The techniques of project management and its planning tools are very useful and important for the tasks in which there is a possibility of outcomes and the risks of different problems and failures exist.

The purpose of this paper is to recommend that Project Management is a concept that focuses on the dynamic characteristics of a multi-facetted organization. In such a changing situation, effective communication is a characteristic that should be stressed and becomes the most important tool for the project manager and team members.

Things will always go wrong in a project. Issues will always arise and depending on the type of issues it can cause major problems and can damage the potential success of the project. There are ways to limit and repair these issues but they will still make an influence on the final outcome of the project.

In project management several models exist which suggest the measurement of success of the project but still an accurate completed model has yet to be created for a successful project from start to finish. Until a perfect model is developed then Agile model is more favorable to use because it delivers a more accurate timeline of deliverables and customer satisfaction. Agile is most commonly used by information technology gurus to assist in developing software today, but before Agile they had to depend on heftier models like Waterfall or Spiral. The methods were criticized for being too regulated and unable to adjust to changes, which caused projects to be delayed and money to be lost. In fact “The Department of Defense noted

There are always problems with this approach, but the profit of doing so is significant.