Mis Project Management At First National Bank

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.

The case study analysis will show where fault and area for improvement. The project management fundamentals that are targeted are in the schedule, cost, conflict resolution, team management, communication with stakeholders, and resource allocation. The project success ultimately relies on the project manager ability to use all tools and techniques associated with a project 's progress.

If goals are unclear then the execution and completion of the project will not be a successful. The next problem comes is insufficient planning which may lead to delaying of things as expected by the stake holders which not at good for the project. Next comes resources inadequate, project manager should be capable of dealing with that problem. After this comes handling changes at the construction site which is again a important problem as in a big project many small changes are made so project manager should be able to handle changes. Then comes meeting (unrealistic) deadline, project manager should finish the work in deadline as planned and organized by him earlier. Then comes weak inter-unit integration and inter personal conflicts which can be management by good team building skills and by a good problem solver project manager. If team members are uncommitted towards project they can be make committed by motivating. Then comes breakdown in communication, breakdowns generally happen on the construction site which there is so much work and again it can be solved by good communicating

This project manager determines specialists, performance requirements, etc. The company is results-oriented therefore, efficiency is imperative (Gray, & Larson, 2008). Flexibility concerning resources and expertise amongst human capital provides any employee with the right skills an opportunity to become a valuable member to the team. The matrix structure is stressful, and dysfunctional. Conflict does occur when project managers and functional management disagree. The company structure preludes to the culture of an organization and how teams work together (Gray, & Larson, 2008).

The simulation requires that the project manager successful and effectively manage the Project Integra that will influence the integration between American Bank of Indiana (ABI) and First American Financial Service Group (FAFS). A successful Project Manager must simultaneously manage the four basic elements of a project: resources, time, money, and most important, scope. To excel at this position an individual must have communication and interpersonal skills, attention to detail, and strong analytical skills. The Project Manager must motivate the project team to adopt the goal and methods to achieve them by evaluation through performance. The Project Manager must break the project into many steps and perform them in logical order.

When managing a project, there are several factors that project managers must consider that will ensure a successful project. The steps will help assemble, develop and manage a project team. In addition, planning allows for smother execution and addresses how managers can evaluate the progress and performance during the project. American Bank of Indiana (ABI) has recently acquired First America Financial Service Group (FAFS), this acquisition will require the project manager to structure a project that will widen the bank’s portfolio as well as implement the latest technologies.

usually the project manager comes from the customers organisation, however we feel that the customer organisations manager will not have project sufficient management skills such as organisational, time management and sufficient technical knowledge and skills which is required to carry out this project, as this project requires strong project management skills, strong technical knowledge and skills , therefore we have decided that the project manager will be internal within our company software solutions rather than external from AASI

The use of project management to accomplish any task for an organization is important. On time and at cost, project managers are valuable assets to an organization. “Most of the time a project manager is a project owner. He or she is responsible for the leadership of the project from inception to completion. The project manager leads the team and helps negotiate the multiple relationships within any project” (Carr, 2010). Having a project manager within an organization can have many benefits. A project manager can benefit an organization by identifying responsibilities, reducing the need for unnecessary reports, measuring the accomplishments against plans, and knowing when all objectives will be met or exceeded (Krezner, 2006).

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

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.

2. Project Management: An information systems project can only be successful with intense interaction amongst project manger, system analyst, system designers and the end users (Philip,

This assignment will address three areas of project management that stood out while taking this program. Project integrated management, project communication, and project stakeholder management. A discussion on how they are executed will be presented. As more courses were taken during this project management graduate program, many of the project management concepts became clear and revealed more of the interdependencies and intricate dynamics that are required for successful project management.

In the banking industry banks, credit unions and other FDIC insured institutions are faced with constant regulatory changes. Financial institutions need to be ready to implement all required changes. These changes can be software changes, documentation changes, products and services. Encouraging project management in the organization is a benefit in which financial institutions will be well prepared when new changes need to be implemented. Project management is a method that consists of skills, knowledge, team building, and conflict management that follows a detailed plan to efficiently and effectively execute a project. Many companies are beginning to establish a project management culture to encourage employees to play bigger roles in the planning of projects. This culture will reduce the chances of failing projects and ensure a level of quality and ownership by employees. Establishing a project management culture is a tactical method to successfully accomplish the organizations goals with fewer risks and teach employees how to communicate and interact with one another (Cooley, 2014). The financial institution will be able to develop a team to take immediate action if a new regulation requires the institution to put into action a new service or product for consumers. A program management culture will encourage staff to continue to learn and be ready and willing to be part of a team.

Project is the organized way of achieving organizational goals and objectives by employing different tools and techniques, involve planning, organization, management of different resources of organization and is initiated to achieve specific goals and objectives. In order to understand the project management principles, case study of Palm Trees Spa is selected and project of implementing and installing Management Information System was planned and designed.