Project Management: An Assignment

Project management is the discipline of using policies and procedures to manage a project from creation to competition. The intent of this paper is to assess the role of a project manager and determine if I am well suited for a career in project management. To achieve this goal, I will be discussing the following areas: job description, general career path, education requirements, salary, career outlook, and the pros and cons. I will also be interviewing a colleague that currently working as a project manager to gain a better understanding of typical duties associated with the role.

A Project Manager is necessary for implementing and carrying out a project without delays. The basic requirements for a project, according to the reading titled “What is Project Management?” (PMI, Inc. 2017) are: Initiating - goal and objective, as well as identify the stakeholders and obtaining an approval of the project; Planning – scope of work, training, documentation, summary, risk and assessment, cost, etc. This is also where we draw on 10 “project management knowledge areas”; Executing – performing the project or “testing” and providing updates on the progress of the project; Monitoring and Controlling – tracking schedule, budget costs, ensuring the project, addressing risks and/or

Let be the number of grade 9 oranges O.J. uses for bags, be the number of grade 9 oranges O.J. uses for juice, be the number of grade 6 oranges O.J. uses for bags, and be the number of grade 6 oranges O.J. uses for juice. The objective is to maximize the profit. For juice, the profit will be ($1.50$1.05)*( + ), and for bags, the profit will be ($0.50-$0.20)*( + ). Thus, the total profit will be . The objective function is: Maximize The constraints are: Constraint 1: The total number of grade 9 oranges is 100,000 lb. That is, Constraint 2: The total number of grade 6 oranges is 120,000 lb. That is, Constraint 3: The average quality of juice is at least 8. That is, This gives us: Constraint 4: The average quality of juice is at least

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.

All the more particularly, what is a project? It 's an interim try embraced to make a novel item, administration or result. A project is impermanent in that it has a characterized starting and end in time, and accordingly characterized extension and assets. Also, an undertaking is interesting in that it is not a standard operation, but rather a particular arrangement of operations intended to fulfill a solitary objective. So an undertaking group frequently incorporates individuals who don 't as a rule cooperate – once in a while from distinctive associations and over numerous geologies. The improvement of programming for an enhanced business prepare, the development of a building or scaffold, the help exertion after a characteristic fiasco, the extension of offers into another geographic business sector — all are undertakings. Also, all must be expertly figured out how to convey the on-time, on-spending plan results, learning and reconciliation that associations need. Project Management, then, is the use of learning, abilities, apparatuses, and systems to venture exercises to meet the task necessities.

Projects play a large role in businesses today. Projects are becoming the primary instrument for executing and achieving the strategic goals of a company. With global competition increasing, many companies have restructured their business model around modernization, revitalization, and organizational education to compete. This strategy infers that an organization is adaptable and has a mission-driven focus. Now that businesses are so heavily focused on projects, project management has advanced to where it is now a specialized skill set sought after by companies looking to hire. In today’s times, it is virtually unimaginable for someone at any level in the company who would not gain from being proficient in the study of project management.

There are many obstacles to overcome in the realm of project management. Managers have to overcome many hurdles simply because they are working with customers who are at liberty to change their mind, budgets may change, etc. Project managers have to be able to quickly readjust and refocus in order to meet the needs of their customers and keep them happy. It is vital the project managers have certain tools and information in order to be successful at managing projects. It is said that effective project management hinges on a leader’s ability to identify a precise goal, construct a plan for achieving a goal and staying aware of the team’s progress toward the goal (Five Secrets to Project Management Success, n.d).

Projects are vital for business. Successful completion of a project determines the survival of the organization. Increasing number of organizations have recognized that to be successful they need to utilize modern project management techniques. Individuals are also realizing that to be competitive in the work environment they must develop project management skills. Hence the profession of project management is growing rapidly.

Since the dawn of civilization, projects have been understood as an endeavor to obtain a specific result. Wysocki (2011) defines a project as “A sequence of unique, complex, and connected activities that have one goal or purpose and that must be completed by a specific time, within budget, and according to specification”. Through the centuries, the projects have become more complex, with more variables. The mid-twentieth century was marked as a significant transition regarding the way we build projects. The 60s brought us the term software crisis, which drives us to develop better techniques in software engineering and project management. Even being product of the private sector, the Project Management also became important to the public

In adding up to the definition by Project Management Institute which was submitted at the beginning of this proposal, a substantial numbers of experts have defined project management. Kerzner (2009) stated that project management is the application of knowledge, expertise and skills, and the best technical way with limited resources in the company to achieve specific targets in order to achieve optimum results in terms of performance, time, quality and safety. Based on this perspective, it is found that project management is a set of practical understanding and skills which project managers need in accomplishing their project in organizations for satisfying result, Nicholas and Steyn (2012). However, the application of project management

As per the definition, a project is a “temporary endeavour undertaken to achieve a unique purpose” (Schwalbe, 2014 p.4). It is developed through progressive elaboration and requires resources from different areas. On the other

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Project management has become a means of remaining competitive and deliver results consistently for businesses, a report carried out by the Economist Intelligence Unit mentioned roughly eighty percent of global executives believed having project management as a core competency helped them remain competitive during recession period (Gale, 2009, p.2). Organisations have become aware of their shortcomings and tried to improve but instead they struggle to find the ways to address the problems and challenges when it comes to dealing with projects. Throughout the rest of this reading material there are examples of some of the common problems which organisation of all sizes face and how project management is able to solve them effectively.

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

T&T Co. is a Cochin-based private construction and Architecture Company, established in 1995 mainly undertaking projects concerning building and bridge constructions. The company is headed by a board of directors, led by Mr. Thahir C.A. The head office of the company is situated in Aluva, Cochin district of Kerala.