The presenter, Gary Slavit, introduced himself and provided an introduction to the meaning of projects in which case it is a temporary endeavor, a specific outcome, is unique and has high risk. Furthermore, there are reasons behind performing projects which is accomplishing the mission, the objectives, the goals and the activities. In addition, the project DNA consists of a dynamic plan, high risk, exec support, control change and cancelable. As for the project management formality, the more complex it is, the more risk there is in which case it is best to cancel it rather than take the risk. To further explain, cancelling is considered a smart business decision rather than a failure. If this process continued, taking the risk will lead to
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
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
Some projects may last only a few days while others could last for years. The author states that the first step in managing a successful project is to develop a plan to produce the desired results on time and within budget. Short projects which are thoroughly and realistically planned are most likely to succeed. However, larger, more complex projects are more likely to encounter things that don’t work as planned. The greatest chance for success comes when
Carol met with Gary Lott and others about our conversation last week regarding the asset tags that were requested to be or have been removed from the network devices, could you please contact him to discuss this matter in more detail? He would like to have a better understanding of the situation and assist, if possible. Let us know the outcome of the conversation after you meet with him as we also discussed the surplus of network devices and that OIT should receive back the surplus
‘A project is a connected sequence of activities involving a range of resources, designed to achieve a particular outcome and frequently used as an instrument of change. It takes place within a defined period of time and is the responsibility of a single individual or agency’ (CMI p17)
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.
Ron Rosenhead is Managing Director of Project Agency. He believes the modern day manager needs project management skills to deliver the organisations’ agenda. He therefore decided to write this book to help support them. The writing of this Tips Booklet fits nicely with the company motto “Helping organisations deliver projects effectively.” The word project can be misleading. Many people think of large
Project management has quickly become something that is used by most organizations when the organization wants to finish a project in a timely manner and within budget. Project management helps companies to meet their strategic mission in a planned and organized way. This paper will explain what project management is and the importance of it to the business world, the project life-cycle management and the benefits that project management has to an organization and the concept that goes into the planning of the life-cycle and how research and critical thinking is a mandatory part of planning. This paper will also explain project organizations and the importance of leadership and sponsorship, project team building and the techniques
A project is a group activity temporary in nature projected to achieve a desired result, service or product in a unique manner (Chapman, 2007). A project is termed as temporary since it has a set start and finish time period and is undertaken with defined resources and within a set scope. The operations within a project are unique since they do not rely on the routing operations. Rather, a set of operations are designated to meet the desired target. From this understanding, it is deduced that project management will entail the process of meeting the set goals for a particular activity.
Prior to this course, I thought that in order to manage a project you need to be a project manager. However, this course changed my perspective on project management. As I continue to read the book, I realized that I actually manage many projects, and project management is not only limited to organizations. Throughout our lives, we manage many projects from planning a wedding to building a house, some of those projects may take few days and some may take years to complete. In addition, I also learned that there are no two projects that are alike, each project has it’s own unique elements that set it apart from other projects.
Project management is an essential tool which benefits businesses. There are numerous positions relating to it, but is it enough to categorize it as a profession? The introduction will provide some essential definition and remind us what is the project management about. Then, I will develop two opposed point of view on this matter, the first one answering negatively and the second one positively to the question asked above. The outlook will be defined progressively by providing some elements required to be a project management practitioner, while keeping in mind the two current of thoughts.
Project management is about planning and execution - "starting in view of the end." A great arrangement contains objectives utilizing measurements, with ideal asset use and reasonable calendar gauges. When a manager and his crew plan the results of that process typically do not only concentrate on the problems that cause productivity and quality issues. Nearly all plans emphasis only on project completion rather than verification of the issue and
In a world growing more dynamic and challenging, individuals and institutions seek new ways to adapt to the changing times. One specific solution in this sense is represented by project management. The concept is often associated with the business community, where the projects are business related, but its application in real life is far wider. Particularly, project management is an integrant part of how we organize our personal and professional actions and it impacts every aspect of our lives.