Design of Final Year Project Management System

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.

In current scenario mainly the following types of models are in use to select project which will fit to the organization strategy

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

Larson, E.W. and Gray, C.F. (2012, p. 214). Project Management: The Managerial Process, 5th Ed. McGraw-Hill Learning Solutions. Boston, MA.

A project is a collaborative or individual entity which is temporary and unique in nature. In a

The author of this book defines a project as simply a unique specific deliverable that meets a specific purpose. Each project has three components which affect the others: specific scope, schedule, and required resources. Specific scope is the desired results or product while the schedule establishes beginning and ending dates for the project. Required resources are the number of people, funds or other resources needed to complete the project.

Because projects are becoming global, project managers have to become more mobile and be willing to travel on site for short periods at a time while continuing to work virtually in the long-term. Global project teams will be virtual, multicultural, and mobile. Decision makers will be in different time zones, making decisions, based on real-time information that they will not have had the time to fully analyze. With such virtual and mobile teams, project management could offer a solution to the need to be responsive. They will also need to make sure they achieve the right results through effective project delivery and that they are responsive to their

Using project management offers a business a way for dealing with considerably lowered phase times. With businesses operating internationally projects that can have an effect on the company as a whole are not easy to manage without a proper line of attack. For this, project management would help cross functional teams to be more successful.

While projects can be similar in some instances, no two projects are ever the same. For this reason, management of projects requires the application of tools and techniques to meet the goals of the temporary endeavor. Project managers apply these tools and techniques to determine what is required for project delivery such as the list of activities to completed, the time required to complete the activities, resources needed and the various risks associated with the deliverable and efforts. A multitude of tools and techniques are employed by the project manager based on the need of the effort to organize, identify and communicate the various aspects of the project. While in contrast, the repetitive nature of operations activities

The companies that efficiently solve their projects issues and portfolio concerns will differentiate themselves from their competition. The projects that companies work to complete with the many different project methodologies demonstrate where the business is now, and the portfolio of projects of the organization demonstrate where the organization is headed. To effectively manage the tremendous number of projects that leaders face today in their organizations, they look to methods and processes that aid them in effectively managing a group of projects. The method used to help in this endeavor is Portfolio Project Management (PPM).

Project management is not only useful in the working environment, but it could also become great skills that can be used for all life projects that we do through out our life.

The Project management Institute (PMI), an international nonprofit organization dedicated to advancing the profession of project management, defines project management in its publication, A Guide to the Project Management Body of Knowledge (PMBOK ® Guide) as-“project management is the application of knowledge, skills, tools, and technique to project activities to meet project requirements.” To accomplish the entire task in the project management, there must be some process that needed to be taken before completing the task.